Fri, Sep 17 2010, 1:14 PM
Fannie Mae is working with the Federal Housing Finance Agency (FHFA) to develop and adopt appraiser independence requirements that will replace the Ho...
Thu, Sep 16 2010, 12:32 PM
Testifying before a House subcommittee, representatives of HUD and Treasury each laid out similar goals and expectations for the future of the governm...
Thu, Sep 16 2010, 5:04 PM
While the credit quality of mortgages held by the FHLBanks is much above the industry average, they have pulled back from mortgage purchase activity.
Thu, Sep 16 2010, 3:49 PM
Foreclosure filings increased again in August according to RealtyTrac. The increase was driven by auction notices and completed foreclosures as, the ...
Tue, Sep 14 2010, 2:59 PM
The Obama Administration is encouraging high school educators to start off the school year by enrolling in the second annual National Financial Capabi...
Tue, Sep 14 2010, 2:10 PM
Independent mortgage bankers and bank subsidiaries saw their production volume and production income rise significantly during the second quarter of 2...
Fri, Sep 10 2010, 12:37 PM
The Treasury Inspector General for Tax Administration (TIGTA) has completed a study of IRS management of the evolving series of tax credits that were...
Thu, Sep 9 2010, 2:40 PM
The Mortgage Bankers Association has sent a letter to the Federal Home Finance Agency expressing several concerns about the framework the agency has p...
Wed, Sep 8 2010, 11:14 AM
Purchase applications increased last week, reaching the highest level since the end of May. However, purchase activity remains well below levels seen...
Wed, Sep 8 2010, 4:23 PM
Rural Development's interim systems enhancements will complete on September 8, 2010, at which time the Agency will begin obligating Section 502 Single...
Wed, Sep 8 2010, 3:24 PM
Reports from the twelve Federal Reserve Districts suggested continued growth in national economic activity during the reporting period of mid-July thr...
Tue, Sep 7 2010, 2:58 PM
Eric Rosengren, president of the Federal Reserve Bank of Boston, told attendees at a Federal Reserve sponsored conference on REO and Vacant Property S...
Fri, Sep 3 2010, 10:44 AM
FHFA has released final housing goals for Freddie Mac and Fannie Mae for 2010-2011. The goals establish benchmarks for the Enterprise to purchase mor...
Thu, Sep 2 2010, 4:25 PM
There has been talk circulating that the Administration is considering the re-authorization of the expired homebuyer tax credit. While I believe this ...
Thu, Sep 2 2010, 2:07 PM
The Federal Reserve is hosting a two day summit on neighborhood stabilization the focuses on the problem of foreclosures and owned real estate and the...
Wed, Sep 1 2010, 12:35 PM
"Refinancing activity picked up again last week, reaching new 15-month highs, as borrowers took advantage of even lower mortgage rates. The drop in m...
Wed, Sep 1 2010, 2:31 PM
Residential construction spending includes remodeling, additions, and major replacements to owner occupied properties subsequent to completion of orig...
Tue, Aug 31 2010, 3:52 PM
Standard & Poor's Case-Shiller Indices continue to show improvement in home prices, but the rate of increase has slowed and its publisher points to ot...
Mon, Aug 30 2010, 11:43 AM
The Conservator of Fannie Mae and Freddie Mac has issued its first report on Fannie Mae and Freddie Mac. The data indicates that problems began when...
Mon, Aug 30 2010, 2:11 PM
In a Sunday news show appearance, HUD Secretary Shaun Donovan said that it was too early to discuss a revival of the homebuyers tax credit even though...
Fri, Aug 27 2010, 1:12 PM
While delinquency rates overall showed improvement, the MBA National Delinquency Survey showed a troubling increase in the number of home mortgages th...
Thu, Aug 26 2010, 10:23 AM
The President of the Chicago Federal Reserve told an audience on Tuesday that financial literacy played a role in the mortgage meltdown, but suggested...
Wed, Aug 25 2010, 10:19 AM
Three months after the home buyer tax credit expired, housing is stagnant. This should come as no surprise to folks working in the industry. Most pros...
Wed, Aug 25 2010, 4:29 PM
Single Family Housing Guaranteed Loan Program Funding Notice
Wed, Aug 25 2010, 2:43 PM
"The volume of refi applications last week was up 26% over their level four weeks ago. Mortgage rates dropped to their lowest level in the survey, go...
Tue, Aug 24 2010, 10:40 AM
Existing-home sales were sharply lower in July following expiration of the home buyer tax credit but home prices continued to gain, according to the N...
Mon, Aug 23 2010, 4:11 PM
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury have released the August edition of the Obama Admin...
Fri, Aug 20 2010, 2:58 PM
The Federal Home Finance Agency is proposing to restrict the GSEs and the FHLBanks from investing in or accepting as collateral mortgages on propertie...
Thu, Aug 19 2010, 12:54 PM
Consumer indebtedness as well as consumer delinquencies improved during the second quarter of the year according to a Federal Reserve Bank Survey. Wh...
Wed, Aug 18 2010, 10:33 AM
Interesting...the MBA says mortgage rates actually rose last week. I have to disagree with that, mortgage rates did improve last week, but I understan...
Wed, Aug 18 2010, 10:16 AM
Respondents to the Federal Reserves Senior Loan Officer Survey for July indicated that banks are slightly easily credit standards, terms, and conditio...
Tue, Aug 17 2010, 8:56 AM
The U.S. Census Bureau and the Department of Housing and Urban Development have released New Residential Construction statistics for July 2010. Both p...
Tue, Aug 17 2010, 4:35 PM
Three weeks have passed, the Congress did their job and appropriated unlimited funding for the USDA Rural Housing Program, yet all loans under Section...
Mon, Aug 16 2010, 11:38 AM
Today the Federal Reserve Board announced the final rule on loan originator compensation practices. The new rules apply to mortgage brokers and the c...
Mon, Aug 16 2010, 10:40 AM
Builder confidence in the market for newly built, single-family homes edged down for a third consecutive month in August.
Fri, Aug 13 2010, 10:32 AM
The monthly U.S. Foreclosure Market Report issued by RealtyTrac reveals that one in every 397 housing units received some type of foreclosure filing i...
Fri, Aug 13 2010, 2:26 PM
Freddie Mac will ask the Treasury Department for another 1.8 billion to shore up its finances after a loss of $6 billion during the second quarter of ...
Thu, Aug 12 2010, 12:22 PM
The Administration is increasing its commitment to fund unemployment/foreclosure prevention programs in the states hardest hit by both problems. Fund...
Wed, Aug 11 2010, 8:50 AM
The seasonally adjusted Purchase Index increased 0.3 percent from one week earlier. The Refinance Index increased 0.6 percent from the previous week. ...
Tue, Aug 10 2010, 1:00 PM
Two Federal Reserve Economists suggest that the answers to arguments over the efficacy of new stripdown provisions for bankruptcy judges actually lie ...
Mon, Aug 9 2010, 4:05 PM
The Federal Housing Administration (FHA) published a new mortgagee letter on Friday laying out the details of enhancements to its Making Home Affordab...
Mon, Aug 9 2010, 1:10 PM
Fannie Mae has released their Q2 earnings report. The government sponsored enterprise (GSE) announced a shortfall of $1.2 billion, in the second quar...
Fri, Aug 6 2010, 10:23 AM
FHA Commissioner David Stevens wrote to the industry yesterday to provide a time line on the implementation of new annual and upfront mortgage insuran...
Fri, Aug 6 2010, 9:15 AM
The Bureau of Labor Statistics has released the July Employment Situation Report. The results were disappointing.From the release:Total nonfarm payrol...
Thu, Aug 5 2010, 1:15 PM
The Department of the Treasury has announced the second round of awards under its 4HM or Help for the Hardest-Hit Housing Market Fund established by P...
Wed, Aug 4 2010, 2:31 PM
Refinance demand continues to bolster the mortgage market as purchases account for only 22% of new loan apps. Home buyers are utilizing the FHA for lo...
Wed, Aug 4 2010, 2:09 PM
A new Fannie Mae website for borrowers provides anonymous and non-judgmental assistance for borrowers who are in difficulty with their mortgages. The...
Tue, Aug 3 2010, 2:57 PM
Two months after the tax credit expired, the national housing market is stagnate near record low levels of activity. Jobs were the issue before the ta...
Mon, Aug 2 2010, 4:53 PM
Residential construction spending includes remodeling, additions, and major replacements to owner occupied properties subsequent to completion of orig...
Mon, Aug 2 2010, 3:44 PM
Governments are cutting education funding, emergency budgets, police overtime, parks and recreation allocations, fire fighter training, etc, etc, etc....
