Mon, Dec 6 2010, 11:31 AM
There is a reasonable chance that the incoming Congress will finally attempt to tackle the contentious issue of GSE reform. However, radical changes t...
Mon, Dec 6 2010, 10:14 AM
Federal Home Finance Agency (FHFA) Acting Director Edward J. DeMarco told the House Judiciary Committee Thursday that regulators, lawmakers, investors...
Mon, Dec 6 2010, 1:29 PM
Federal financial regulatory agencies have issued final regulations governing appraisals and evaluations used for real estate-related transactions in ...
Thu, Dec 2 2010, 12:27 PM
Instead of complaining about tight underwriting guidelines and expensive LLPAs at the only game in town (GSEs, FHA, VA), the NAR should be calling out...
Thu, Dec 2 2010, 10:41 AM
Properties affected by foreclosure continue to account to one-quarter of all U.S. home sales according to a report released Thursday by RealtyTrac. T...
Wed, Dec 1 2010, 12:13 PM
If rolling 30 day lates have evolved into a Notice of Default and you are counting down the days until you are "served" with a request to vacate the p...
Wed, Dec 1 2010, 10:59 AM
Opinions on the role the mandated housing goals established for Freddie Mac and Fannie Mae contributed to the housing collapse varied among presenters...
Wed, Dec 1 2010, 10:12 AM
The Market Composite Index, a measure of mortgage loan application volume, decreased 16.5 percent on a seasonally adjusted basis from one week earlier...
Wed, Dec 1 2010, 5:32 PM
The second day of Senate hearings on the industry response to foreclosures and recent title and foreclosure problems featured charges of conflict of i...
Wed, Dec 1 2010, 3:43 PM
In Part One of a Senate Banking Committee hearing held in November, panelists both assailed and defended the mortgage servicing industry for its perfo...
Wed, Dec 1 2010, 2:32 PM
The U.S. Census Bureau of the Department of Commerce announced today that construction spending during October 2010 was estimated at a seasonally adju...
Tue, Nov 30 2010, 9:22 AM
In September, the 10-City and 20-City Composites recorded annual returns of +1.6% and +0.6%, respectively. These two indices are reported at a monthly...
Tue, Nov 30 2010, 2:22 PM
A Federal Reserve official expressed concern on Monday that the new Consumer Financial Protection Bureau, soon to be operating as an independent agenc...
Fri, Nov 26 2010, 12:39 PM
The FDIC reported today that its insured depository institutions increased profitability to over $14 billion in the third quarter, a seven-fold increa...
Fri, Nov 26 2010, 1:36 PM
Americans are still waiting for the housing market to hit bottom according to survey data released this week from the Third Quarter Fannie Mae Nationa...
Wed, Nov 24 2010, 11:37 AM
The increase in purchase applications last week aligns with other incoming data suggesting that consumers are feeling somewhat more confident with the...
Wed, Nov 24 2010, 2:09 PM
The U.S. Census Bureau and the Department of Housing and Urban Development have jointly released NEW RESIDENTIAL SALES for October 2010.
Tue, Nov 23 2010, 11:36 AM
Following two months of gains, Existing Home Sales Decline in October, casting doubt on the notion that the previous two months of gains constituted t...
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...
