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...
Mon, Feb 6 2012, 4:17 PM
The Mortgage Bankers Association
(MBA) reports that commercial and multifamily loan originations were down 7
percent in the fourth quarter of 2011 c...
Mon, Feb 6 2012, 1:26 PM
The list of Improving Housing Markets (IHM) maintained by
the National Association of Home Builders (NAHB) took another big jump in
February, rising...
Fri, Feb 3 2012, 3:44 PM
Three major banks and Virginia-based
MERSCORP, Inc. and its subsidiary Mortgage Electronic Registrations Systems
( MERS ) were sued Friday by the st...
Fri, Feb 3 2012, 2:45 PM
Treasury Secretary Timothy Geithner told
the Financial Stability Oversight Council that the financial system is getting
stronger and safer and tha...
Fri, Feb 3 2012, 2:40 PM
HOPE NOW, the voluntary private
sector alliance of mortgage industry stakeholders, recently concluded a two day
conference in Washington which focus...
Thu, Feb 2 2012, 9:01 AM
Four
former investment bankers and traders from the Credit Suisse Group were charged
by the Securities and Exchange Commission (SEC) Wednesday vio...
Thu, Feb 2 2012, 5:22 PM
CoreLogic and Lender Processing Services
(LPS) have each released their most recent Home Price Indices . CoreLogic's HPI covers December; LPS's cov...
Thu, Feb 2 2012, 4:14 PM
Homeowners who refinanced their homes during the fourth
quarter of 2011 either refinanced for about the same amount or actually brought
cash to th...
Wed, Feb 1 2012, 11:06 AM
Watch the speect live - click read more link below.
In his State of the Union address, President Obama laid out a Blueprint for an America Built t...
Wed, Feb 1 2012, 10:34 AM
The Federal Housing Finance Agency ( FHFA ) announced
today the first step in a new initiative to convent foreclosed properties (REO)
in the hardest...
Wed, Feb 1 2012, 8:50 AM
The
Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey
reported that mortgage applications as measured by its Market Composi...
Wed, Feb 1 2012, 4:22 PM
Saying that the housing crisis struck right at the
heart of what it means to be middle class, President Barack Obama has begun to
flesh out the h...
Wed, Feb 1 2012, 3:53 PM
The Mortgage Bankers Association ( MBA ) provided its annual
assessment of The State of the Mortgage Industry in a press conference Wednesday
afte...
Wed, Feb 1 2012, 2:17 PM
The Attorney General of Oregon announced
today that he will join in the so-called 50-state Attorneys General settlement
with five major financial ...
Tue, Jan 31 2012, 9:44 AM
The
Federal Housing Finance Agency ( FHFA ) issued a statement late Monday refuting a
story from ProPublic and NPR
that a complicated investm...
Tue, Jan 31 2012, 2:58 PM
Home prices continued to fall in November according to the
S&P/Case-Shiller Home Price Indices released this morning. Both the 10-City and the 20-Ci...
Mon, Jan 30 2012, 1:19 PM
The Federal Housing Finance Agency announced on Friday that it was extending
the Home Affordable Modification Program ( HAMP ) for another year - thr...
Fri, Jan 27 2012, 11:15 AM
The Lender Processing Services (LPS) Mortgage Monitor Report for December show
improvement in a number of the metrics it tracks. Many measures of d...
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...
