Tue, Nov 23 2010, 9:56 AM
The Federal Housing Finance Agency, which oversees the Federal Home Loan Banks, has published a proposed rule for comment that would permit and regula...
Mon, Nov 22 2010, 9:10 AM
Limits for most government-involved loans have been set for the coming year. Despite substantial losses in home values nationwide, the loan limits ar...
Fri, Nov 19 2010, 9:44 AM
The MBA's quarterly delinquency survey noted improvements in many areas, with overall delinquency rates down for most loan types. Foreclosure starts,...
Fri, Nov 19 2010, 5:04 PM
Despite the anticipation for sluggish growth into the first part of 2011, Fannie Mae, in their November 10th Economic Outlook, sees GDP growth driven...
Fri, Nov 19 2010, 4:33 PM
The joint HUD, Treasury Housing Scorecard showed that the number of borrowers entering the HAMP program has slowed as has the rate of conversion from ...
Thu, Nov 18 2010, 12:02 PM
In prepared testimony for a House committee hearing, Acting Comptroller of the Currency John Walsh said that MERS and LPS will join eight servicers in...
Thu, Nov 18 2010, 11:59 AM
FHFA released its Performance and Accountability Report which indicated that it met only 12 out of the 25 performance measures outlined in support of ...
Wed, Nov 17 2010, 12:40 PM
Data on building permits, housing starts, and housing completions in October was released today by the U.S. Census Bureau and the Department of Housi...
Wed, Nov 17 2010, 10:53 AM
The weekly Mortgage Bankers Association report on mortgage application activity for the week shows mortgage rates up sharply with some upward adjustme...
Tue, Nov 16 2010, 10:54 AM
The National Association of Home Builders/Wells Fargo survey of building confidence rose a single point in November. The component of that survey mea...
Tue, Nov 16 2010, 9:21 AM
Federal Reserve Governor Daniel Tarullo addressed the issue of reforming minimum capital requirements and allowing the resumption or increase of bank ...
Mon, Nov 15 2010, 11:37 AM
New Federal Reserve Governor Sarah Bloom Raskin has called for a new business model for mortgage services that eliminates the incentives that potentia...
Mon, Nov 15 2010, 9:07 AM
The Federal Reserve Bank of NY reports that Americans are becoming more frugal, maintaining fewer open lines of credit and paying down dept. The ques...
Fri, Nov 12 2010, 12:22 PM
The Mortgage Bankers Association was quick to respond to a suggestion in draft proposal from the Cost-Cutting Commission that the tax code be revamped...
Thu, Nov 11 2010, 2:09 PM
Saying they are already overburdened, eight financial service sector trade groups on Wednesday sent a letter to three regulators asking for a delay in...
Thu, Nov 11 2010, 1:50 PM
"October marks the 20th consecutive month where over 300,000 U.S. homeowners received a foreclosure notice," said James J. Saccacio, chief executive o...
Wed, Nov 10 2010, 3:36 PM
FHA Commissioner David Stevens today released another letter to the industry. This communication focused on two topics. A new FHA loan product aimed a...
Wed, Nov 10 2010, 3:28 PM
The Mortgage Bankers Association has written to federal regulators urging them to be flexible and realistic in writing those regulations under the Dod...
Tue, Nov 9 2010, 2:45 PM
The Department of Housing and Urban Development and the National Association of Realtors have jointly produced three videos to assist potential home b...
Mon, Nov 8 2010, 3:59 PM
The National Association of Realtor, meeting in New Orleans, asked the lending industry to reevaluate credit policies now in place to improve the chan...
Mon, Nov 8 2010, 2:45 PM
The Federal Reserve has released the October 2010 Senior Loan Officer Opinion Survey on Bank Lending Practices. The Senior Loan Officer Survey addres...
Fri, Nov 5 2010, 1:08 PM
Pending home sales retreated after two monthly gains, signaling an uneven recovery entering 2011 with some near-term disruptions from the foreclosure ...
Fri, Nov 5 2010, 1:03 PM
Kansas City Fed president Thomas Hoenig said Friday that the government should rethink its housing policies and subsidies and opt for a new path of re...
Thu, Nov 4 2010, 4:08 PM
Witnesses testifying before the Congressional Oversight Panel on TARP generally gave servicers a low grade for their response to the foreclosure proce...
Tue, Nov 2 2010, 12:38 PM
The Census Bureau has released its survey of Residential Vacancies and Homeownership for the third quarter of 2010.
Fri, Oct 29 2010, 11:53 AM
The plain and simple version of this story is title insurers are nervous about covering foreclosed properties without some sort of guarantee that they...
Fri, Oct 29 2010, 2:56 PM
The recent news coverage has returned many mortgage and MBS-related issues, both real and illusory, to prominence. The initial headlines that stemmed...
Wed, Oct 27 2010, 11:30 AM
"Economic growth in 2010 has been subdued and this trend will likely continue for most of 2011. Households remain cautious given the weak job market. ...
Wed, Oct 27 2010, 3:35 PM
The U.S. Census Bureau and the Department of Housing and Urban Development have jointly released NEW RESIDENTIAL SALES for September 2010.
Wed, Oct 27 2010, 2:46 PM
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending October 22, 2010.
Tue, Oct 26 2010, 10:55 AM
Negativity and uncertainty are abundant and guess whose fault it is? OURS! At least that's the perspective of the outside world. It doesn't matter wha...
Tue, Oct 26 2010, 10:43 AM
FDIC Chairperson Sheila Bair pointed to the robo-signing controversy as just another indication of the need to improve institutional practices all alo...
Tue, Oct 26 2010, 3:32 PM
The administration's October Housing Scorecard released this morning shows that recovery in the housing market remains fragile, with continued foreclo...
Mon, Oct 25 2010, 12:45 PM
U.S. mortgage finance giants Fannie Mae and Freddie Mac are looking to more aggressively move loan workout duties to specialist firms as their frustra...
Mon, Oct 25 2010, 10:03 AM
RTRS-US SEPT EXISTING HOME SALES 4.53 MLN UNIT ANNUAL RATE (CONS 4.30 MLN) VS AUG 4.12 MLN (PRV 4.13 MLN). SEPT EXISTING HOME SALES +10.0 PCT (CONS +...
Mon, Oct 25 2010, 4:26 PM
Lawrence Yun, NAR chief economist, said the housing market is in the early stages of recovery. “A housing recovery is taking place but will be choppy ...
Mon, Oct 25 2010, 4:19 PM
Federal Reserve Chairman Ben Bernanke departed from the focus of a conference on foreclosures and mortgage financing today to report that the Fed is l...
Fri, Oct 22 2010, 9:50 AM
These include a new product option for FHA’s Home Equity Conversion Mortgage (HECM), changes to our Mortgage Insurance Premiums (MIPs), and new credit...
Fri, Oct 22 2010, 3:43 PM
Using three different scenarios, the FHFA released projections for the additional amounts of taxpayer money that may be required to keep Freddie Mac a...
Thu, Oct 21 2010, 11:12 AM
Two cabinet level departments have announced recipients of $68 million dollars in planning grants for local projects that integrate housing, employmen...
Thu, Oct 21 2010, 9:05 AM
In my experience, in most instances, buyback requests aren't ending favorably for the complaining party unless there was blatant fraud in the loan fil...
Wed, Oct 20 2010, 10:32 AM
Less than 34 months after its official launch, all 50 states have joined the Nationwide Mortgage Licensing System and Registry (NMLS, or the System). ...
Wed, Oct 20 2010, 3:52 PM
Bank of America and GMAC have announced they will be resuming foreclosures but the brief lived moratorium has created its own momentum. There are oth...
Tue, Oct 19 2010, 9:19 AM
Privately-owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 539,000. This is 5.6 percent (±...
Tue, Oct 19 2010, 7:09 PM
We're all waiting for the dust to settle, it just never seems to dissipate. Hopefully America doesn't turn into Gotham City.In the here and now, all R...
Mon, Oct 18 2010, 2:37 PM
The monthly NAHB/Wells Fargo survey of home builder perceptions improved for the first time in five months. Builders are seeing some increased buyer ...
Mon, Oct 18 2010, 1:09 PM
It's very clear that the Obama Administration doesn't support a 50 state foreclosure moratorium, but I haven't seen them offer up much in terms of a s...
Fri, Oct 15 2010, 3:08 PM
Federal regulators have expanded the list of Community Reinvestment Act approved activities to include educational loans to low-income students and jo...
Thu, Oct 14 2010, 11:02 AM
FDIC Chairperson Sheila Bair told a Washington audience on Tuesday that servicer incentives need to be reformed to encourage loan modifications rather...
Thu, Oct 14 2010, 10:47 AM
"Lenders foreclosed on a record number of properties in September and in the third quarter, taking a bite out of the backlog of distressed properties ...
