Wed, Mar 21 2012, 11:28 AM
Sales of
existing homes fell 0.9 percent in February to a seasonally adjusted annual
rate of 4.59 million homes according to data released this mor...
Wed, Mar 21 2012, 9:33 AM
Interest
rates rose to the highest levels since December during the week ended March 16
and, driven largely by refinancing, mortgage applications ...
Wed, Mar 21 2012, 9:26 AM
Bloomberg
News is reporting that Ally Financial is in talks with Fortress Investment
Group to sell some assets from Ally's mortgage unit. Accor...
Wed, Mar 21 2012, 3:47 PM
The title insurance industry generated
$9.47 billion in premiums in 2011 , down 1.5 percent from its production in
2010. Fourth quarter activity t...
Wed, Mar 21 2012, 3:46 PM
Lender processing Services (LPS)
reported that there was a 5 percent reduction in the national delinquency rate
in February compared to January fi...
Tue, Mar 20 2012, 9:59 AM
There was some good news in the New
Residential Construction Report Housing released by the Census Bureau and the
Department of Housing and Urban De...
Tue, Mar 20 2012, 4:16 PM
A former executive of Taylor, Bean and Whitaker Mortgage Corporation (TBW) is facing a maximum penalty of 10 years in prison after pleading guilty T...
Tue, Mar 20 2012, 2:11 PM
The Federal Reserve Banks reported net income in 2011 of $78.54 billion
compared to $81.735 billion in 2010.
Total comprehensive income, after adju...
Mon, Mar 19 2012, 4:06 PM
Fourth quarter statistics on the
activities of Freddie Mac and Fannie Mae (the GSEs) in assisting homeowners to stay
in their homes were released ...
Mon, Mar 19 2012, 1:30 PM
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market
Index (HMI) held steady in March, consolidating five straight months of...
Mon, Mar 19 2012, 1:29 PM
Legislation and regulations that delay foreclosures
in various states came in for sharp criticism from a Federal Housing Finance
Agency (FHFA) off...
Thu, Mar 15 2012, 12:48 PM
The Center for Responsible Lending (CRL)
has published a summary of the National Mortgage Settlement Agreement which
makes it easy to review the d...
Thu, Mar 15 2012, 9:40 AM
Foreclosure filings during the month of
February were down 2 percent from filings in January and 8 percent from the
pace set in February 2011. Data...
Thu, Mar 15 2012, 2:19 PM
The number of completed foreclosures in
January rose to 69,000 from 65,000 in December according to the National
Foreclosure Report released today...
Thu, Mar 15 2012, 2:07 PM
The servicers scoring STAR rewards for
the second half of 2011 were announced today by Fannie Mae . STAR, the Servicer Total Achievement and
Re...
Wed, Mar 14 2012, 10:35 AM
The majority of the large bank holding companies in
the country have successfully completed the latest round of bank stress tests
conducted by the...
Wed, Mar 14 2012, 10:16 AM
Mortgage applications during the week
ended March 9 declined 2.4 percent on a seasonally adjusted basis and 1.8
percent unadjusted from the previou...
Wed, Mar 14 2012, 3:48 PM
The Department of Housing and Urban
Development released five reports from its Office of Inspector General on Tuesday
based on reviews of the for...
Wed, Mar 14 2012, 3:03 PM
An Appraisal Institute official told the
U.S. Sentencing Commission that appraisals rather than tax assessments should
be the standard for compu...
Tue, Mar 13 2012, 5:57 PM
Three executives of Thornburg
Mortgage Company were charged today with securities violations for hiding the
financial condition of the company. T...
Fri, Mar 9 2012, 12:52 PM
The Wall Street Journal reported this morning that Bank of
American (BOA) has struck a side deal with the government that would cut
penalties ass...
Fri, Mar 9 2012, 11:33 AM
The Federal Housing Finance Agency,
conservator of Freddie Mac and Fannie Mae has produced a scorecard for the two
government sponsored enterprises ...
Fri, Mar 9 2012, 1:00 PM
Freddie Mac announced that it has posted
a net income of 619 million for the quarter ended December 31, 2011 and total
comprehensive income of 1....
Thu, Mar 8 2012, 2:05 PM
CoreLogic's March edition of The Market Pulse , produced in a magazine
format, has two articles that caught our attention. The first, "Keep on Tr...
Wed, Mar 7 2012, 10:36 AM
The ink is barely dry on the $25 billion
dollar mortgage settlement with banks that is meant, in part, to compensate homebuyers
hurt by fraudule...
Wed, Mar 7 2012, 8:28 AM
Mortgage
applications were down 1.2 percent on a seasonally adjusted basis during the
week ended March 2 but rose 10.2 percent on an unadjusted ba...
Wed, Mar 7 2012, 8:23 AM
The Office of the Inspector General
( OIG ) for the Federal Housing Finance Agency ( FHFA ) has completed an audit to
assess whether FHFA has an e...
Wed, Mar 7 2012, 2:50 PM
Two companies released home price data
on Wednesday. CoreLogic released its
Home Price Index (HPI) for the month of January while Lender Process...
Wed, Mar 7 2012, 2:33 PM
Consumer attitudes about the economy
have risen considerably over the past few months while their confidence in
their own financial situations have ...
Tue, Mar 6 2012, 10:05 AM
Today President Barack Obama will announce plans
to allow homeowners with FHA insured loans refinance at lower rates and will
also detail an agreeme...
Tue, Mar 6 2012, 2:32 PM
As MND reported earlier this
morning, President Obama is set to announce changes in fees charged to
FHA-insured borrowers who wish to refinance in...
Tue, Mar 6 2012, 2:21 PM
Both foreclosure starts and foreclosure
sales jumped significantly in January according to data released today by
Lender Processing Services (LP...
Mon, Mar 5 2012, 1:32 PM
HOPE NOW , the voluntary foreclosure
prevention program put together by a private sector group of mortgage
servicers, investors, mortgage insurers, ...
Fri, Mar 2 2012, 5:23 PM
The February edition of the Housing
Scorecard was released by the Departments of Treasury and Housing and Urban
Development (HUD) on Friday. In w...
Thu, Mar 1 2012, 12:11 PM
The Census Bureau said this morning that
construction spending in the U.S. dipped slightly in January but was well above
outlays a year earlier. ...
Thu, Mar 1 2012, 9:10 AM
Sales of
distressed real estate made up nearly a quarter of all single-family
residential sales both in the fourth quarter of 2011 and the entire ...
Thu, Mar 1 2012, 2:37 PM
With home prices nationwide continuing
to decline it is not surprising that the number of homeowners who are
underwater (i.e. owe more on their mo...
Wed, Feb 29 2012, 12:24 PM
Two more courts have upheld the validity of mortgage
assignments passed through the Mortgage Electronic Registration System (MERS). Two judges, both...
Wed, Feb 29 2012, 11:56 AM
Fannie Mae is reporting a net loss of
$2.4 billion for the fourth quarter of 2011 compared to a net loss of $5.1
billion in the third Quarter. Fo...
Wed, Feb 29 2012, 9:35 AM
Applications
for purchase mortgages jumped during the week ended February 24, but the
Mortgage Bankers Association's (MBA) Market Composite Index ...
Wed, Feb 29 2012, 4:33 PM
The original formulators of the S&P/Case-Shiller
Housing Price Indices held a press conference on Tuesday to discuss the state
of the housing marke...
Tue, Feb 28 2012, 12:36 PM
Commercial banks and savings
institutions insured by the Federal Deposit Insurance Corporation (FDIC) have
just posted their 10 th consecutive qua...
Tue, Feb 28 2012, 11:55 AM
MERS , the Mortgage Electronic
Registration System, won another court battle last week. On February 21 the New Hampshire Superior
Court affirmed,...
Tue, Feb 28 2012, 11:37 AM
All three of the S&P/Case-Shiller
Indices hit new post-crisis lows during December. The year ended with the national composite,
which is reported...
Tue, Feb 28 2012, 9:16 AM
The
Federal Housing Administration ( FHA ) announced that it is
increasing both upfront and annual premiums for its insured single family loans. An...
Tue, Feb 28 2012, 5:05 PM
In broad ranging testimony before the Senate
Committee on Banking,
Housing, and Urban Affairs on Tuesday, Housing and Urban
Development (HUD) Secr...
Tue, Feb 28 2012, 1:11 PM
Federal Reserve Governor Elizabeth A. Duke told
members of the Senate Committee on Banking, Housing, and Urban Affairs that "the failure of the hou...
Mon, Feb 27 2012, 12:38 PM
The Federal Reserve Board has posted on-line action plans developed by nine
of its supervised financial institutions to correct deficiencies in their...
Mon, Feb 27 2012, 12:23 PM
A survey of real estate agents conducted
by Campbell/Inside Mortgage Finance indicates that current homeowners are
increasingly shopping for their n...
Mon, Feb 27 2012, 11:00 PM
HUD today announced that mortgage insurance for FHA loans will increase April 1 and June 1.
