Fri, Jan 27 2012, 1:36 PM
The formation of the Residential
Mortgage-Backed Securities Working Group tasked with investigating mortgage
fraud is now official. The new offic...
Thu, Jan 26 2012, 11:26 AM
New home sales declined by 2.2 percent
to a seasonally adjusted annual rate of 307,000 units in December according to
data jointly released by the ...
Thu, Jan 26 2012, 10:12 AM
Sales of distressed homes, those in some
stage of foreclosure or bank owned (REO), accounted to 20 percent of all U.S.
home sales during the third ...
Thu, Jan 26 2012, 9:24 AM
Housing featured prominently in
President Obama's State of the Union speech on Tuesday night. The President made two specific proposals,
one to dea...
Thu, Jan 26 2012, 3:17 PM
Like their home-building counterparts, remodelers
who are members of the National Association of Home Builders (NAHB) are
displaying more confiden...
Wed, Jan 25 2012, 12:11 PM
The Federal Housing Finance Agency's (FHFA)
Home Price Index (HPI) rose 1.0 percent from October to November reflecting an
increase in U.S. housing ...
Wed, Jan 25 2012, 11:16 AM
Pending home sales fell off of the
19-month high reached in November according to figures released on Wednesday by
the National Association of Real...
Wed, Jan 25 2012, 9:28 AM
Mortgage applications were down during
the week ended January 20 according to the Weekly Mortgage Applications Survey
conducted by the Mortgage Ban...
Tue, Jan 24 2012, 2:50 PM
Mortgage Electronic Registration
Systems, Inc. better known as MERS won a significant victory in court on
Tuesday as the U.S. Court of Appeals f...
Tue, Jan 24 2012, 1:42 PM
Rumors have been circulating for some
time that the Obama Administration is pressuring the 50 state attorneys general,
the Justice Department and th...
Mon, Jan 23 2012, 10:28 AM
Cash buyers, principally investors, may
be putting downward pressure on home prices according to the Campbell/Inside
Mortgage Finance Housing Puls...
Mon, Jan 23 2012, 5:12 PM
Acting Federal Housing Finance Agency (FHFA)
Director Edward J. DeMarco responded Friday to a request from 16 House
Democrats to explain the statuto...
Fri, Jan 20 2012, 11:56 AM
Existing
home sales edged higher for the third consecutive month according to data
released this morning by the National Association of Realtors® ...
Fri, Jan 20 2012, 9:43 AM
The proposed down payment standards
for new mortgages might push 60 percent of potential borrowers into high-cost
loans or out of the housing mark...
Fri, Jan 20 2012, 1:24 PM
Spending
on home improvements and remodeling have shown signs of a rebound and the
Remodeling Futures Program at the Harvard Joint Center for Hous...
Thu, Jan 19 2012, 11:21 AM
Adjustable rate mortgages have lost
much of the popularity they enjoyed in the mid-2000s and Freddie Mac's 28 th
Annual Adjustable-Rate Mortgage S...
Thu, Jan 19 2012, 10:58 AM
Building permits and housing starts in
December were both below levels reported in November 'according to data
released this morning by the Departme...
Wed, Jan 18 2012, 11:29 AM
Home builder confidence rose in January
for the fourth consecutive month as builders saw more buyer traffic and
anticipated higher sales. The Nati...
Wed, Jan 18 2012, 10:19 AM
Mortgage applications jumped 23.1
percent on a seasonally adjusted basis during the week ended January 13,
2012. The increase in the Market
Compo...
Wed, Jan 18 2012, 1:57 PM
"Perspectives on the housing market
depend on where you sit ," according to Freddie Mac's U.S.
Economic and Housing Market Outlook
for January. ...
Tue, Jan 17 2012, 10:16 AM
Bank cards were the only type of
consumer debt to see a decline in defaults during December according to data
released today by S&P Indices and Expe...
Tue, Jan 17 2012, 2:24 PM
The
Appraisal Institute has apparently had enough and has decided to fight back
against what it perceives as unwarranted blame for depressed home...
Tue, Jan 17 2012, 2:15 PM
The Federal Deposit Insurance
Corporation ( FDIC ) has issued a notice of proposed rulemaking (NPR) for
comment. The NPR would require the
lar...
Fri, Jan 13 2012, 12:06 PM
The Chicago Board Options Exchange
(CBOE) will soon permit futures trading in housing through a derivative based
on the Radar Logic Composite Pric...
Fri, Jan 13 2012, 10:35 AM
New York Fed President William Dudley
recently called for broad-based refinancing of performing home mortgages . It wasn't a statement that elicite...
Thu, Jan 12 2012, 10:49 AM
Foreclosure activity hit its lowest level in four years in 2011, decreasing by a third from the previous year according to data released today by Rea...
Wed, Jan 11 2012, 11:14 AM
The Office of Inspector
General ( OIG ) for the Federal Housing Finance Agency ( FHFA ) has released an
assessment of the FHFA's oversight of troub...
Wed, Jan 11 2012, 9:14 AM
There was a slight increase in mortgage
applications during the first week of 2012 according to data released this
morning by the Mortgage Bankers...
Tue, Jan 10 2012, 11:53 AM
HOPE Now, the industry group that
modifies privately held mortgages is on track to complete one million
modifications in 2011 . The alliance of
m...
Tue, Jan 10 2012, 10:34 AM
Two reports on U.S. home prices were released on
Monday. The two, the CoreLogic Home
Price Index (HPI) and the Clear Capital Home Data Index (HDI)...
Tue, Jan 10 2012, 10:05 AM
The Consumer Financial Protection Bureau
(CFPB) is now accepting mortgage complaints from consumers who have experienced
problems across the spectru...
Tue, Jan 10 2012, 5:47 PM
The President and Chief Executive Officer of Fannie Mae, Michael J. Williams has announced his intention to resign. Williams, who has held the dual...
Mon, Jan 9 2012, 11:40 AM
The list of housing markets demonstrating
improvement on a trio of housing-related measures took a big jump in January,
rising to 76 cities from 4...
Mon, Jan 9 2012, 11:30 AM
Federal Reserve Board Governor Sarah
Bloom Raskin told a law school group on Friday that the judicial morass arising
out of the mortgage crisis , ...
Mon, Jan 9 2012, 9:36 AM
Freddie Mac gave unemployed homeowners who
are struggling to pay mortgages owned or guaranteed by the company a break on
Friday when it eased its t...
Mon, Jan 9 2012, 3:32 PM
The Departments of Treasury and Housing
and Urban Development have released their joint December 2011 Housing
Scorecard . The report is essentiall...
Mon, Jan 9 2012, 1:32 PM
Americans are feeling better about the economy
according to results from Fannie Mae's December Housing Survey released by the
company this morning...
Fri, Jan 6 2012, 8:51 AM
The Mortgage Bankers Association
released a response late Thursday to a
white paper submitted to Congress the previous day by the Federal Reserve....
Fri, Jan 6 2012, 5:58 PM
The latest Mortgage Monitor report released by Lender Processing Services, Inc.
(LPS) presents the kind of mixed message that is now commonplace amon...
Fri, Jan 6 2012, 1:37 PM
In remarks prepared for delivery to the
New Jersey Bankers Association Economic Forum on Friday, Federal Reserve Bank
of New York President and Chi...
Thu, Jan 5 2012, 4:06 PM
Holes are being filled in the story of the controversial appointment of Rich Cordray as director of the new Consumer Financial Protection Bureau (CFPB...
Wed, Jan 4 2012, 11:09 AM
The Office of Comptroller of the
Currency (OCC) is rolling out its first public service announcements to alert
consumers about the Independent Fore...
Wed, Jan 4 2012, 10:27 AM
As part of the temporary resolution to the recent battle over the Tax Cut Extension that took place in the last weeks of December, Congress decided ...
Wed, Jan 4 2012, 9:48 AM
The Mortgage Bankers Association
released an abbreviated report Wednesday on mortgage activity over the two week
Christmas and New Year's holiday ...
Wed, Jan 4 2012, 5:41 PM
In a letter to the chairs and ranking members of the
Senate Banking and House Financial Services Committees on Wednesday, Federal Reserve
Chairman B...
Tue, Jan 3 2012, 11:58 AM
The
major private mortgage insurers wrote 25,074 new policies in November against
27,970 applications received for coverage.
According to the mont...
Thu, Dec 29 2011, 4:23 PM
The National Association of Realtors® (NAR)
announced on Thursday that pending home sales in November reached the highest
levels seen in 19 months. ...
Tue, Dec 27 2011, 1:11 PM
While home prices continued to decline in October, the
S&P/Case-Shiller Home Price Indices released on Tuesday indicate that the
downward trend ma...
Fri, Dec 23 2011, 10:14 AM
New homes sales in November rose to a seasonally adjusted annual rate of 315,000 according to data released today by the Census Bureau and the Depart...
Thu, Dec 22 2011, 11:34 AM
The value of U.S. residential units
continued to decline in October and is now down almost 20 percent from the
levels reached at the peak of the hou...
