Wed, Mar 16 2011, 4:55 PM
A day
after the Mortgage Bankers Association (MBA) announced the resignation of CEO John Courson and the appointment of David Stevens to replace ...
Wed, Mar 16 2011, 4:18 PM
The U.S. Census Bureau and the Department of Housing and Urban Development have released New Residential Construction statistics for February 2011...
Tue, Mar 15 2011, 12:53 PM
Mortgage News Daily has learned that John Courson, President and CEO
of the Mortgage Bankers Association, will announce his resignation later
toda...
Tue, Mar 15 2011, 11:50 AM
The following commentary was written by Tim Massad, Acting Assistant
Secretary of the Treasury for Financial Stability, in defense of HAMP...
...
Tue, Mar 15 2011, 3:28 PM
Over the past three months the mortgage industry has struggled
greatly to interpret and implement loan originator compensation reform
and new ...
Tue, Mar 15 2011, 2:09 PM
For the
first time in four months builders showed increased confidence in their
responses to the monthly National Association of Home Builders (NAHB...
Mon, Mar 14 2011, 12:32 PM
Five federal
agencies representing a myriad of policy interests are planning a summer forum to
address a variety of health and safety problems arisi...
Mon, Mar 14 2011, 11:16 AM
The Home
Affordable Refinance Program (HARP) has been extended for another year
according to information released on Friday from the Federal Hou...
Fri, Mar 11 2011, 11:42 AM
Three Federal
Reserve economists are out to debunk the theory that reducing principal
balances on mortgage loans is a no-cost cure for the housing c...
Thu, Mar 10 2011, 11:05 AM
The Acting Director of the Federal Housing Finance Agency (FHFA)
said this week that risk management is not the only relevant consideration in reform...
Thu, Mar 10 2011, 2:56 PM
Foreclosure
filings of all types continued to decline during February, with 225,101 filings of
all types recorded on U.S. properties during the mont...
Wed, Mar 9 2011, 10:17 AM
The MBA's loan application survey covers over
50% of all U.S. residential mortgage loan applications taken by mortgage
bankers, commercial banks, an...
Wed, Mar 9 2011, 9:57 AM
The Department
of Housing and Urban Development was sued this week by
the American Association of Retired Persons (AARP) Foundation Litigation o...
Wed, Mar 9 2011, 9:32 AM
The 27-page document that was sent to major banks last week
by the 50-state group of attorney generals is now publicly available.
The
lette...
Tue, Mar 8 2011, 12:01 PM
Last week the House Financial Services Subcommittee on Insurance, Housing
and Community Opportunity voted to eliminate two programs designed to mitig...
Tue, Mar 8 2011, 11:45 AM
Last
month the U.S. Department of Agriculture (USDA) issued an Administrative Notice
(AN) shifting a portion of the upfront fee it charges for the S...
Mon, Mar 7 2011, 12:41 PM
According to the Wall Street Journal , the 50-state alliance of attorney generals who
are working with federal agencies to investigate and reform ...
Mon, Mar 7 2011, 12:13 PM
Even as the Department of Housing and Urban Development was
publishing an announcement of the program's regulations in the Federal
Register , the...
Mon, Mar 7 2011, 12:04 PM
The Congressional Oversight Panel assessing the impact of
the Troubled Asset Relief Program (TARP) on financial stability is currently holding its
l...
Fri, Mar 4 2011, 11:46 AM
Last
week Fannie Mae announced the Servicer Total Achievement and Rewards Program or
"STAR" which is intended to measure and evaluate the perfor...
Thu, Mar 3 2011, 10:12 AM
The
Departments of Housing and Urban Development (HUD) and Treasury released their Monthly
Housing Scorecard for February on Wednesday afternoon...
Wed, Mar 2 2011, 10:40 AM
The Mortgage Bankers Association (MBA) today
released its Weekly Mortgage Applications Survey for the week
ending February 25, 2011. The results...
Wed, Mar 2 2011, 10:03 AM
In his prepared remarks on the Dapartment of Housing and Urban Development's fiscal year 2012 budget, HUD Secretary Shaun Donovan
yesterday tol...
Wed, Mar 2 2011, 2:47 PM
The
Department of Housing and Urban Development has announced $50 million in
capacity building grants to three national groups that support
affor...
Tue, Mar 1 2011, 12:49 PM
The Census Bureau and Commerce Department have released Construction Spending data for January 2011.
Residential construction spending in...
Tue, Mar 1 2011, 1:41 PM
Treasury Secretary Timothy F. Geithner told the
House Committee on Financial Services today that Congress must tackle reforming
Freddie Mac and ...
Mon, Feb 28 2011, 8:57 AM
The joint Treasury/HUD report to Congress released this month was a
major disappointment to market participants looking for a timely
resolution to...
Mon, Feb 28 2011, 3:08 PM
The National Association of Realtors today released the Pending Home Sales Index for January. The Pending Home Sales
index measures housing...
Mon, Feb 28 2011, 1:17 PM
Fannie Mae's latest National Housing Survey shows that
Americans have markedly changed their perception of homeownership.
The most recent su...
Fri, Feb 25 2011, 11:07 AM
Both
applications for FHA-guaranteed mortgages and FHA endorsements were lower in
January than in the previous month or in January 2010. Lower dema...
Thu, Feb 24 2011, 12:36 PM
Sales
of new single-family houses in January 2011 were at a seasonally
adjusted annual rate of 284,000, according to estimates released jointly
...
Thu, Feb 24 2011, 2:30 PM
Fannie
Mae has announced a new program to measure and evaluate the performance of its
servicers' actions toward helping homeowners avoid foreclo...
Thu, Feb 24 2011, 2:01 PM
Despite
a sizeable drop in the fourth quarter, sales of foreclosed properties again
accounted for over a quarter of all single-family home sales in ...
Wed, Feb 23 2011, 12:10 PM
The Federal Deposit Insurance Corporation (FDIC) has reminded the country that February 20-27th is "America Saves Week".
Savings enable consumers...
Wed, Feb 23 2011, 9:36 AM
The Mortgage Bankers Association (MBA) today
released its Weekly Mortgage Applications Survey for the week
ending February 11th, 2011.
"Ongo...
Wed, Feb 23 2011, 3:31 PM
The uptrend in existing-home sales continues, with January sales rising
for the third consecutive month with a pace that is now above year-ago
lev...
Wed, Feb 23 2011, 2:16 PM
Despite the current political focus on reforming the housing
finance market, the Acting Director of the Federal Housing Finance Agency
(FHFA) told...
Tue, Feb 22 2011, 12:36 PM
Last week the FHA announced
it would increase annual mortgage insurance premiums by 0.25% to
"bolster capital reserves", effective for case nu...
Tue, Feb 22 2011, 12:26 PM
The S&P/Case Shiller Home Price Indices, which track home prices
throughout the U.S. on a two-month lag, declined 3.9 percent during the fourth quar...
Fri, Feb 18 2011, 12:48 PM
Americans
are increasingly turning away from variable rate mortgage products when
refinancing according to the Quarterly Product Transition Report...
Fri, Feb 18 2011, 11:01 AM
The
Department of Housing and Urban Development (HUD) has premiered a quarterly publication
that will highlight policy-relevant research for policy ...
Thu, Feb 17 2011, 11:38 AM
The
House Financial Services Committee conducted hearings on Wednesday on
Government Barriers to the Housing Market Recovery, hearing from speakers
...
Thu, Feb 17 2011, 1:44 PM
There was a lot of good news in the Fourth Quarter National
Delinquency Study released by the Mortgage Bankers Association (MBA)
Thursday. First, t...
Wed, Feb 16 2011, 10:27 AM
The Market Composite Index, a measure of
mortgage loan application volume, decreased 9.5 percent on a seasonally
adjusted basis from one week earlie...
Wed, Feb 16 2011, 9:00 AM
The U.S. Census Bureau and the Department of Housing and Urban Development have released New Residential Construction statistics for January 2010....
Tue, Feb 15 2011, 12:17 PM
The
nation's homebuilders are still seeing a lot of dark tunnel ahead judging by their
responses in the most recent survey of attitudes about the ho...
Tue, Feb 15 2011, 10:14 AM
U.S. Department of Housing and Urban Development (HUD) Secretary Shaun
Donovan has released HUD's 2012 Fiscal Year budget request.
The late...
Mon, Feb 14 2011, 11:37 AM
Federal
Reserve Governor Sarah Bloom Raskin called out housing finance players in a
speech on Friday, reminding them of the "low road" they traveled...
Mon, Feb 14 2011, 10:42 AM
The Departments of Housing and Urban Development (HUD) and
Veterans Affairs (VA) have cooperated on another initiative toward their mutual
interest ...
Mon, Feb 14 2011, 3:00 PM
WASHINGTON – As part of ongoing efforts to strengthen the Federal Housing Administration’s (FHA) capital reserves, FHA
Commissioner David H. Stevens...
