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.
Mon, Feb 27 2012, 10:57 AM
Consumer complaints have triggered
yet another legal problem for Bank of America.
The Department of Housing and Urban Development announced on Mond...
Mon, Feb 27 2012, 10:37 AM
Pending
home sales in January reached a level last seen at the height of the homebuyer
tax credit bubble nearly two years ago according to informati...
Mon, Feb 27 2012, 10:33 AM
Flagstar
Bancorp, parent company of Flagstar Bank has settled claims with the Department
of Justice over some of its underwriting practices as an FH...
Mon, Feb 27 2012, 3:41 PM
Investors who have prequalified to
purchase lender owned real estate (REO) under a program unveiled February 1 by
the Federal Housing Finance Agency...
Fri, Feb 24 2012, 11:57 AM
Multi-family rentals are leading the
recovery in the commercial real estate market, becoming what the National
Association of Realtors® (NAR) calls ...
Fri, Feb 24 2012, 11:55 AM
New home sales in January were at a seasonally adjusted
annual rate of 321,000, a decrease of 0.9 percent from the upwardly revised December
rate o...
Fri, Feb 24 2012, 9:08 AM
Bank of America, Corp will stop selling new mortgages to Fannie
Mae as the result of a dispute over the way Fannie Mae is handling repurchases.
I...
Thu, Feb 23 2012, 10:17 AM
Another next major marker in the
convoluted foreclosure landscape will probably come in the next few weeks when the
Massachusetts Supreme Judicial...
Thu, Feb 23 2012, 4:01 PM
Radar Logic's RPX Composite price for 2011 reached its
lowest point in December since the housing crisis began. The Composite, which tracks housing ...
Thu, Feb 23 2012, 2:00 PM
While the Federal Housing Finance Agency's
( FHFA ) purchase only House Price Index (HPI) was down slightly in the fourth
quarter, data for Decemb...
Wed, Feb 22 2012, 12:26 PM
There was more good news from the
National Association of Realtors® (NAR) on Wednesday as they reported that the
sales of existing homes rose in Jan...
Wed, Feb 22 2012, 11:39 AM
For the second time in just under a
month the Mortgage Electronic Registration System ( MERS ) has won a significant
court victory. The company whi...
Wed, Feb 22 2012, 11:36 AM
Both before and after they were placed into conservatorship
the two government sponsored enterprises Fannie Mae and Freddie Mac (the
Enterprises) s...
Wed, Feb 22 2012, 8:52 AM
Mortgage
applications decreased during the week ended February 17 according to the
Weekly Mortgage Applications Survey released this morning by the...
Wed, Feb 22 2012, 3:40 PM
In the February Economic Outlook from
Freddie Mac's Office of the Chief Economist is projecting a slow, steady path
to recovery as the economy, it...
Tue, Feb 21 2012, 11:12 AM
In its Monthly Mortgage Monitor Report Lender
Processing Services (LPS) will report that the national delinquency rate , loans
that are 30 days or ...
Tue, Feb 21 2012, 10:42 AM
After four straight months of increases The S&P/Experian
Consumer Credit Default Indices fell in January as did the four loans types
that make up ...
Tue, Feb 21 2012, 2:07 PM
The Federal Housing Finance Agency
(FHFA) said Tuesday that, with its conservatorship of Fannie Mae and Freddie
Mac (the Enterprises) now in operati...
Fri, Feb 17 2012, 9:46 AM
While housing is more affordable than ever for most
U.S. families, the lack of financing available to them continues to constrain
prospective homeb...
Thu, Feb 16 2012, 12:54 PM
RealtyTrac reported this morning that
foreclosure activity rose 3 percent in January as several states posted spikes
in one or more steps in the pr...
Thu, Feb 16 2012, 1:35 PM
A lawsuit filed against CITIMORTGAGE,
INC, a subsidiary of CITIBANK, N.A. was filed in the U.S. District Court for Manhattan
on Wednesday and simult...
Thu, Feb 16 2012, 1:26 PM
At a press
conference accompanying release of the results from its Fourth Quarter 2011 National
Delinquency Study (NDS) , the Mortgage Banker Assoc...
Thu, Feb 16 2012, 1:01 PM
Statistics on building permits and
housing starts increased slightly in January according to the U.S. Census
Bureau and the U.S. Department of H...
Wed, Feb 15 2012, 12:40 PM
The results from the monthly National
Association of Home Builders NAHB)/Wells Fargo Housing Market Index (HMI) rose
in February for the fifth conse...
Wed, Feb 15 2012, 11:55 AM
Homeowners who think they may have been
financially injured due to the actions of mortgage servicers during a
foreclosure have additional time to re...
Wed, Feb 15 2012, 10:42 AM
As we see each week in the Mortgage
Bankers Association's application survey, few borrowers chose adjustable rate
mortgages when buying or financing...
Wed, Feb 15 2012, 9:36 AM
Applications for both home purchase and refinance
were essentially flat during the week ended February 10. The Mortgage Bankers Association's (MBA)
...
Tue, Feb 14 2012, 11:58 AM
TransUnion is reporting that serious
mortgage delinquencies rose during the fourth quarter of 2011 for only the
second time since the end of 2009....
Tue, Feb 14 2012, 11:15 AM
The Consumer Financial Protection Bureau
( CFPB ) has rolled out a prototype of a form for mortgage lenders to send to
borrowers during each billi...
Tue, Feb 14 2012, 10:56 AM
The American Bankers Association (ABA)
reacted negatively late Monday to a part of the President's FY 2013 Budget
which was released earlier in th...
Tue, Feb 14 2012, 10:30 AM
It's been a light day for new originations so far in MBS with current totals in Fannie/Freddie 30yr Fixed around 1/4 to 1/3 of their recent averages. ...
Mon, Feb 13 2012, 12:42 PM
In a strongly worded statement on behalf of the American
Association of Mortgage Investors (AMI), Jonathan Lieberman, Managing Director
of Angelo,...
Mon, Feb 13 2012, 5:14 PM
The Department of Housing and Urban
Development (HUD) unveiled its 2013 budget proposal today, asking Congress for
about $44 billion. The amount is...
Fri, Feb 10 2012, 3:12 PM
Federal Reserve Bank Chairman Ben S.
Bernanke , speaking to the National Association of Home Builders, said that the
typical post-recession behavi...
Thu, Feb 9 2012, 12:38 PM
As prices continued to decline during
the fourth quarter of 2011 in most metropolitan areas of the U.S., housing
affordability rose due not only t...
Thu, Feb 9 2012, 11:51 AM
A
final settlement between the nation's five largest mortgage servicers , two federal
agencies and 49 of the states' attorneys general (AGs) was an...
Thu, Feb 9 2012, 9:06 AM
" House lock " is not a major factor when
it comes to a homeowner's ability to find a job. A
working paper commissioned by the Federal Reserve Ba...
Thu, Feb 9 2012, 2:42 PM
Loretta E. Lynch, U.S. Attorney for
the Eastern District of New York announced the settlement of claims her office
had brought against Bank of Ameri...
Wed, Feb 8 2012, 12:54 PM
According to CoreLogic, the Santa Ana
California based provider of information and business services, there were a
total of 830,000 foreclosures na...
Wed, Feb 8 2012, 8:58 AM
Mortgage
rates broke another set of records during the week ended February 3,
establishing several new historic lows.
In response, the seasonally ...
Wed, Feb 8 2012, 2:05 PM
One of the financial institutions that are
party to the reported settlement agreement with the attorneys general of the
majority of the states is re...
Tue, Feb 7 2012, 11:29 AM
Details are still sketchy, but
apparently a settlement has been agreed upon between five major banks and a
majority of the states' attorneys general...
Tue, Feb 7 2012, 4:11 PM
A sub-committee of the House Financial Services
committee today approved the FHA Emergency Solvency Act which is intended to
shore up the finances...
Mon, Feb 6 2012, 4:41 PM
The
Departments of Housing and Urban Development (HUD) and Treasury issued the
administration's January Housing Scorecard on Monday. The report i...