Wed, Jan 19 2011, 11:29 AM
FDIC Chairman Sheila Barr addressed a summit on mortgage servicing and called for strengthening the oversight of servicers and changes to their incent...
Wed, Jan 19 2011, 11:12 AM
The Federal Reserve is alerting consumers about new forms lenders may be required to provide that explain credit scoring and how it impacted their loa...
Wed, Jan 19 2011, 10:30 AM
"Mortgage rates have moved somewhat lower since the beginning of the year, as mixed data on the job market continue to cloud the outlook for the econo...
Tue, Jan 18 2011, 12:49 PM
"As we emerge from the traditionally slow holiday season, builders continue to look for signs of improvement in the economy, home buyer demand and bui...
Tue, Jan 18 2011, 9:20 AM
The Association of Mortgage Investors, in a White Paper published Wednesday, is asking the 50 state Attorneys General to take a look at loan servicing...
Tue, Jan 18 2011, 2:36 PM
The Federal Housing Finance Agency (FHFA) announced Tuesday that it has instructed Fannie Mae and Freddie Mac to study possible alternatives to the cu...
Fri, Jan 14 2011, 12:34 PM
Researchers have found that policies which encourage the availability of affordable housing, either through building or rehabbing units or through ass...
Thu, Jan 13 2011, 9:21 AM
A record number of properties, close to 3 million, were the subject of foreclosure filings in 2010 according to figures released on Thursday by Realty...
Wed, Jan 12 2011, 12:59 PM
The Mortgage Bankers Association has filed suit against the Department of Labor seeking a reversal of an administrative ruling that mortgage loan offi...
Wed, Jan 12 2011, 11:22 AM
Today Mark Greene, the CEO of FICO and creator of the model address a few misconceptions about his model....
Wed, Jan 12 2011, 9:37 AM
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 7, 2011. The MBA's loan app...
Tue, Jan 11 2011, 2:43 PM
While there is not evidence that major U.S. cities will fade into oblivion because of the economic downturn, a new MBA study looks as the possibility ...
Mon, Jan 10 2011, 12:24 PM
Few factors affect the mortgage lending process as much as a borrower's credit score.
Fri, Jan 7 2011, 3:55 PM
At issue are rules dictating which loans should be exempt from the law's so-called risk-retention requirement, which says issuers of mortgage-backed s...
Thu, Jan 6 2011, 9:58 AM
While I cannot argue with big bank haters who point toward underlying "greed" as the prime motivation for sloppy lending decisions, I must ask, were t...
Thu, Jan 6 2011, 1:54 PM
Today we must act again to transform our cities. Distressed properties are a drag on our communities and the economy and threaten to topple even more ...
Wed, Jan 5 2011, 3:53 PM
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the weeks ending December 24, 2010 and December 31, ...
Tue, Jan 4 2011, 3:41 PM
Of course news that Bank of America had settled GSE repurchase claims on loans written by Countrywide (for pennies on the dollar) brought out a chorus...
Mon, Jan 3 2011, 4:18 PM
Residential construction spending includes remodeling, additions, and major replacements to owner occupied properties subsequent to completion of orig...
Mon, Jan 3 2011, 3:16 PM
The Federal Housing Finance Agency (FHFA) has approved agreements reached by Freddie Mac and Fannie Mae (the Enterprises) with Ally and Bank of Americ...
Thu, Dec 30 2010, 11:13 AM
A lot of IF's need to play out just to see a GRADUAL housing recovery. Oh well. We gotta start somewhere.
Wed, Dec 29 2010, 11:38 AM
HUD has announced the award of $73 million in funds for housing counseling. This is a 22 percent increase over the funds that were available last ye...
Tue, Dec 28 2010, 9:18 AM
David Blitzer summed up the October data with this statement, “The double-dip is almost here, as six cities set new lows for the period since the 2006...
Tue, Dec 28 2010, 2:41 PM
FHFA is proposing revisions to the membership provisions to "reinforce the connection between membership and support for residential housing finance" ...
Mon, Dec 27 2010, 11:21 AM
The Federal Home Finance Agency FHFA) has issued the final rules for the three financial entities it oversees and an advance notice of proposed rulema...
Thu, Dec 23 2010, 11:34 AM
New Home Sales rose to an annualized rate of 290,000. This is better than the previous month (275,000) but a bit short of the consensus of 300,000. ...
Thu, Dec 23 2010, 11:22 AM
The Federal Reserve has posted changes to its September Interim Rule making changes to Regulation Z and the Truth in Lending Act. The newest modifica...
Wed, Dec 22 2010, 12:06 PM
Existing-home sales got back on an upward path in November, resuming a growth trend since bottoming in July, according to the National Association of ...
Wed, Dec 22 2010, 12:01 PM
Fannie Mae's economists expect matters to improve only slightly in 2011. Sales of homes are projected to increase 4.9 percent over the year but price...
Wed, Dec 22 2010, 10:25 AM
"Refinance application volume dropped sharply this week as mortgage rates held near six month highs," said Michael Fratantoni, MBA's Vice President of...
Wed, Dec 22 2010, 5:34 PM
FHFA reports Freddie Mac and Fannie Mae's foreclosure prevention activity is decreasing overall. The backlog of trial modifications under HAMP is cle...
Mon, Dec 20 2010, 1:28 PM
The National Association would like FICO to change the way they score credit utilization in light of recent unilateral reductions in credit lines by m...
Fri, Dec 17 2010, 11:48 AM
Aaron and Beth Stiner are renters, but not by choice and not because they can't afford to buy a house. They had a move-up home in Phoenix selected and...
Fri, Dec 17 2010, 9:29 AM
The MBA agrees with us, the mortgage industry is no where near ready to implement new originator compensation regs...
Thu, Dec 16 2010, 11:40 AM
Activity in all three stages of the foreclosure process declined in November, both from the previous month and the numbers one year earlier. Some of ...
Thu, Dec 16 2010, 10:06 AM
Four federal banking regulators have issued a final rule allowing consideration of Neighborhood Stabilization Program projects a fulfilling Community ...
Thu, Dec 16 2010, 3:44 PM
The U.S. Census Bureau and the Department of Housing and Urban Development have released New Residential Construction statistics for November 2010.
Wed, Dec 15 2010, 11:34 AM
Not surprisingly, with rates up more than half a percentage point over the past month, refinance activity has declined sharply. Home purchase applica...
Wed, Dec 15 2010, 3:59 PM
The Mortgage Bankers Association reports that independent mortgage banks saw higher profits in the third quarter due primarily to increased secondary ...
Wed, Dec 15 2010, 1:31 PM
The National Association of Home Builders (NAHB) today released it's Builder Confidence Index for December. The composite portion of the HMI remaine...
Tue, Dec 14 2010, 12:13 PM
HAMP will certainly not reach the goals Treasury established for it according to a report from the Congressional Oversight Panel, and in fact may spen...
Tue, Dec 14 2010, 11:01 AM
In a paper developed for the Federal Reserve, an economist looks at the literature to determine the impact of retained risk on the performance and pri...
Mon, Dec 13 2010, 1:50 PM
CoreLogic released a report Monday showing a decrease in negative equity nationwide. The improvement, it said, was due more to the foreclosure of pro...
Fri, Dec 10 2010, 3:10 PM
The National Association of Realtors® recently called on Fair Isaac Corp., developer of the FICO score model, to revise some of its computations to ta...
Thu, Dec 9 2010, 8:48 AM
Plain and Simple: if you weren't already aware, the CFPB is looking to combine TIL and RESPA disclosures into one document. Home loan disclosures are ...
Wed, Dec 8 2010, 10:40 AM
The Mortgage Bankers Association today released its Weekly Mortgage Applications Survey for the week ending December 3rd, 2010. The Market Composite ...
Tue, Dec 7 2010, 12:21 PM
Enterprise risk can be understood to have an impact on all parties and policies of your organization. From the recruiting and hiring practices for the...
Tue, Dec 7 2010, 2:44 PM
Few Americans expect the housing market to recover before 2012 according to an online survey of foreclosure attitudes conducted by RealtyTrac, Trulia,...
Tue, Dec 7 2010, 2:27 PM
The Mortgage Banks Association has formalized its objections to proposed new regulations forlenders in a letter sent to FHA Commissioner David Stevens...
Mon, Dec 6 2010, 11:48 AM
I guess it all boils down to HOW MUCH originators will be paid though.
That seems dependent on the competitiveness of the primary mortgage
market ...
