Mon, Jun 21 2010, 8:56 AM
There are indications that players in Washington and elsewhere are beginning to look at housing and housing policy in a more holistic way that has bee...
Mon, Jun 21 2010, 8:49 AM
“Although the federal homebuyer tax credit expired at the end of April, contracts do not need to be closed until the end of June,” noted economists at...
Mon, Jun 21 2010, 4:53 PM
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today introduced a monthly scorecard on the nation'...
Mon, Jun 21 2010, 3:04 PM
HUD annual report to Congress on the incidence of homelessness found a slight decrease in the numbers of unsheltered homeless but an increase in the n...
Fri, Jun 18 2010, 1:02 PM
Four federal banking regulators have announced a proposed change to Community Redevelopment Act definitions which would allow local banks and thrifts ...
Thu, Jun 17 2010, 8:25 AM
The Consumer Price Index should be less impacted by oil prices than the producer price index, but the direction is expected to be the same. Initial Jo...
Thu, Jun 17 2010, 1:08 PM
The FBI has released the 2009 Mortgage Fraud Report. This report addresses current mortgage fraud projections, issues, and the identification of mort...
Wed, Jun 16 2010, 12:49 PM
The SEC has charged another former mortgage executive with fraud in a scheme intended to scam at least $1.5 billion from private investors and the U.S...
Wed, Jun 16 2010, 11:32 AM
Under orders from their conservator, Freddie Mac and Fannie Mae will begin the necessary process of delisting their common and preferred stocks from t...
Wed, Jun 16 2010, 9:49 AM
Mortgage applications for home purchases increased last week, the first increase in over a month. Refinance applications also picked up significantly...
Wed, Jun 16 2010, 8:21 AM
After a steady rally pushed the stock market up more than 2% yesterday, investors are nervous about extending those gains today. Concerns from Europe ...
Wed, Jun 16 2010, 4:57 PM
News wires are buzzing with reports that the Senate just approved an extension of the homebuyer tax credit June 30 closing deadline. THESE HEADLINES A...
Wed, Jun 16 2010, 3:44 PM
Fannie Mae today announced that servicers may immediately suspend or reduce mortgage payments for borrowers whose properties or income are negatively ...
Wed, Jun 16 2010, 1:47 PM
Following the expiration of the homebuyer tax credit, building permits are at a one-year low and single-family Housing Starts saw their largest month ...
Tue, Jun 15 2010, 11:08 AM
After recording month over month improvements in April and May, home builder confidence declined in June. Builders still remain very cautious and are ...
Tue, Jun 15 2010, 8:28 AM
Equity futures are once again indicated higher this morning. The question is whether stocks will maintain momentum throughout the day, or fizzle out j...
Tue, Jun 15 2010, 3:30 PM
HUD today released MORTGAGEE LETTER 2010-20. This Mortgagee Letter provides an overview of key provisions of HUD’s recently issued final rule referenc...
Mon, Jun 14 2010, 8:26 AM
Housing Starts ― or new construction of single-family homes ― are anticipated to fall in May after building permits contracted 11.5%. In April, the an...
Mon, Jun 14 2010, 2:07 PM
There are four housing indexes that the country looks to for information on the state of the market. According to a report from Standard & Poors (S&P...
Fri, Jun 11 2010, 11:33 AM
In a joint statement last week, Veterans Administration (VA) Secretary Eric K. Shinseki and Housing and Urban Development (HUD) Secretary Shaun Donova...
Fri, Jun 11 2010, 8:24 AM
Ahead of what should be a busy day in the markets, equity futures are looking to build upon the broad-based surge on Thursday. Ninety minutes before t...
Thu, Jun 10 2010, 12:39 PM
The good news is it seems like the worst is behind us in terms of new defaults. Plus the modest decline in newly scheduled auctions helps out housing ...
Thu, Jun 10 2010, 8:30 AM
Stocks are likely to open sharply higher this morning as a strong global session, China excluded, leads the way into positive territory. Ninety minute...
Thu, Jun 10 2010, 6:22 PM
The House of Representatives has just approved by a 406-4 vote the Federal Housing Administration Reform Act, a law designed to shore up the finances ...
Wed, Jun 9 2010, 11:39 AM
Purchase and refinance applications dropped this week, even after an adjustment for the Memorial Day holiday. Purchase applications are now 35 percen...
Wed, Jun 9 2010, 11:29 AM
FDIC Chairperson Sheila Barr told a group of non-profit housing developers Monday that the government needs to temper its focus on home ownership to a...
Wed, Jun 9 2010, 8:16 AM
Global markets were mixed overnight but domestic stock futures are higher as investors wait for the latest economic assessment from Federal Reserve ch...
Wed, Jun 9 2010, 3:47 PM
The Beige Book is a compilation of anecdotal information and data on current economic conditions across the country. The findings are NOT THE VIEWS OF...
Tue, Jun 8 2010, 12:06 PM
Fitch Ratings Performance Metrics for May show continued declines in delinquency rates for both subprime and Alt-A RMBS, but a slight increase in the ...
Tue, Jun 8 2010, 8:26 AM
No U.S. data will hit the markets this morning. Some of the positive sentiment stems from comments from Federal Reserve chairman Ben Bernanke, who las...
Mon, Jun 7 2010, 8:34 AM
Markets are Friday sold off on a weak employment report. Prices worsened throughout the day on fears that Hungary ― which announced a larger-than-expe...
Fri, Jun 4 2010, 8:10 AM
Investors are timid ahead of the U.S. employment report for May. The numbers are supposed to be broadly positive, but an hour before the report, equit...
Fri, Jun 4 2010, 1:09 PM
FHA Commissioner David Stevens has restated some of the recent changes the agency has made to condominium approvals, net worth requirements for FHA le...
Thu, Jun 3 2010, 8:08 AM
Stock futures this morning look to continue the broad rally which pushed the Dow up by 225 points yesterday.
More than two hours before the openin...
Wed, Jun 2 2010, 10:30 AM
April data is fine and dandy but it was expected that housing demand would improve as homebuyers rushed to take advantage of the tax credit before it ...
Wed, Jun 2 2010, 8:19 AM
Ninety minutes before the opening bell, Dow futures are up 47 points to 10,066 and S&P 500 futures are up 5.25 points to 1,074.75. The 2-year Treasury...
Wed, Jun 2 2010, 3:14 PM
With another week of historically low mortgage rates, the trend from the prior three weeks continued, as refinance applications increased while purcha...
Wed, Jun 2 2010, 3:06 PM
A Federal Reserve economist told an audience recently that housing finance reform, driven by the necessity of resolving the Freddie/Fannie situation, ...
Wed, Jun 2 2010, 1:13 PM
The Federal Reserve, The Federal Deposit Insurance Corporation, The Office of Thrift Supervision, and The Office of Comptroller of the Currency have r...
Tue, Jun 1 2010, 11:23 AM
Total construction spending rose for the second straight month in April and recorded the best monthly improvement seen since August 2000, according to...
Tue, Jun 1 2010, 8:10 AM
The Week Ahead: ISM Manufacturing Index, Construction Spending, Pending Home Sales Index, ADP Employment Report, Initial Jobless Claims, Productivity ...
Tue, Jun 1 2010, 5:14 PM
Data provided in a report by Lender Processing Services shows that delinquency rates overall are improving but those loans termed seriously delinquent...
Thu, May 27 2010, 12:54 PM
HUD Secretary Shaun Donovan presented the details of a new rental assistance program to members of Congress on Tuesday. The program is part of the Pr...
Thu, May 27 2010, 8:10 AM
Equity markets dropped at the final hour yesterday when news reports indicated that China was reluctant to buy European debt. This morning the reverse...
Thu, May 27 2010, 3:27 PM
The Federal Home Finance Agency is opening a 45 day public comment period on new rules to establish a framework for setting Federal Home Bank Loan hou...
Wed, May 26 2010, 11:55 AM
Bank foreclosure activity is putting more distressed inventory on the market and making it harder for appraisers to justify their choice of comps. It'...
Wed, May 26 2010, 8:29 AM
With the OECD upgrading its global outlook for 2010 and 2011 growth, investor confidence is back on track this morning. Equities are trading much high...
Wed, May 26 2010, 2:33 PM
FHFA Director Ed DeMarco said that the study found that Fannie Mae and Freddie Mac remain "critical supervisory concerns." While the two government s...
Tue, May 25 2010, 10:28 AM
The Federal Home Loan Finance Agency has announced plans for new data standards and an electronic portal for uniform collection and submission of appr...
Tue, May 25 2010, 7:39 AM
U.S. equities are indicated lower and the flight to safety is back in style after stock markets sold off around the world in the overnight session. Co...
