Fri, Jan 24 2014, 12:46 PM
In a speech given recently to a housing industry group Michael
Stegman assistant Treasury Secretary for Housing Finance Policy made a
plea for ren...
Fri, Jan 24 2014, 12:18 PM
Pending home sales in California
plummeted in December, falling 25.2 percent because of what the California
Association of Realtors® (C.A.R.) called...
Thu, Jan 23 2014, 11:51 AM
December existing home sales edged up 1.0 percent to a
seasonally adjusted annual rate of 4.87 million from 4.82 million in
November and
were 0.6 ...
Thu, Jan 23 2014, 9:59 AM
Sales of distressed properties made up a
larger share of home sales in 2013 than in 2012 RealtyTrac said today. Short sales and sales of bank-owne...
Wed, Jan 22 2014, 12:44 PM
The Redfin realty firm said that
competition for houses as measured by bidding wars or multiple offers on
properties was mixed across the country be...
Wed, Jan 22 2014, 12:02 PM
The American Institute of Architects
(ABI) says that its leading indicator of construction activity , the
Architecture Billings Index (ABI) contrac...
Wed, Jan 22 2014, 8:54 AM
The volume of mortgage applications
increased again during the week ended January 17 according to information
released this morning by the Mortgag...
Wed, Jan 22 2014, 5:21 PM
A Treasury Department official said
today that despite arguments that Fannie Mae and Freddie Mac (the GSEs) are
financially flush and that, with the...
Tue, Jan 21 2014, 11:59 AM
Sales in 2013 were 5.9 percent below
sales in 2012 the California Association of Realtors® (C.A.R.) has announced,
and December sales also were do...
Tue, Jan 21 2014, 10:49 AM
It is almost a given that the mortgage
market will be smaller this year than last so discussions have turned to the
availability of mortgage credit...
Tue, Jan 21 2014, 4:04 PM
Foreclosure starts in California during
the fourth quarter dipped to an eight year low , returning to levels last seen before
the beginning of the ...
Fri, Jan 17 2014, 12:35 PM
Data presented by CoreLogic in its new
edition of MarketPulse raises an
interesting question about employment in the construction sector . Is th...
Fri, Jan 17 2014, 10:26 AM
All three Census Bureau/Department of Housing
and Urban Development (HUD) measures of residential construction activity,
housing permits, starts, an...
Thu, Jan 16 2014, 12:44 PM
The strong growth in the home remodeling
market which began in the second quarter of 2013 will continue through the
first half of 2014 according t...
Thu, Jan 16 2014, 10:47 AM
Applications for the purchase of newly
construction homes were down again in December, declining 11 percent from
November's levels. November sale...
Thu, Jan 16 2014, 9:47 AM
Sales of new and existing homes in California rose
slightly in December. DataQuick reports
that there were a total of 39,949 homes sold statewide...
Thu, Jan 16 2014, 9:23 AM
Is it finally over?
With foreclosure filings throughout 2013 reported by RealtyTrac to be at
the lowest annual level since 2007 , one might begin ...
Thu, Jan 16 2014, 3:14 PM
The housing market turned the corner in 2012 Freddie
Mac's economists said today, and the recovery was fully underway in 2013. But despite the posit...
Thu, Jan 16 2014, 1:35 PM
Perhaps at
least part of what may have been driving the hot California housing market is
seller optimism. The results of the California
Associatio...
Wed, Jan 15 2014, 9:13 AM
Mortgage applications bounced back in
the first full week after the holiday season, increasing 11.9 percent on a
seasonally adjusted basis durin...
Wed, Jan 15 2014, 1:44 PM
The Office of Inspector General (OIG) of the Federal
Housing Finance Agency (FHFA) released two reports today recommending better FHFA
oversight of ...
Tue, Jan 14 2014, 10:39 AM
The Federal Bureau of Investigation
(FBI) is looking into a sophisticated scheme using " unsophisticated tradecraft "
to front run interest rate swa...
Tue, Jan 14 2014, 4:35 PM
The House Financial Services Committee heard
testimony from five persons, almost all representing mortgage lenders , at a
hearing today entitled ...
Tue, Jan 14 2014, 4:04 PM
Wells Fargo Bank (WFB) is reporting
record fourth quarter as well as fiscal year financial results while
scandal-plagued JP Morgan Chase (Chase) r...
Mon, Jan 13 2014, 10:58 AM
Rising
home prices are continuing to drive down the number of homeowners who are
underwater according to the December Housing
Scorecard published...
Mon, Jan 13 2014, 1:43 PM
Thanks
to key changes in the program, completing a short sale through Freddie Mac is
taking less time than ever before. The
company's Senior Vic...
Fri, Jan 10 2014, 10:50 AM
All
of the usual measures of mortgage distress continue to retreat CoreLogic
said
in its National Foreclosure Report for November. (The report co...
Fri, Jan 10 2014, 1:05 PM
A recent article for Fannie Mae's Housing Industry Forum makes the point
that when it comes to the new servicing rules which go into effect today,
...
Thu, Jan 9 2014, 10:15 AM
Rising home prices are returning more and more homes
to a positive equity position and RealtyTrac said today that about 31 percent
of the homes curr...
Thu, Jan 9 2014, 3:04 PM
Three staff member of the Federal
Reserve Bank of San Francisco have published, on the Bank's website, results of
a study about what drives the mor...
Wed, Jan 8 2014, 12:41 PM
Two days after being sworn in as the first Senate-confirmed Director of the Federal Housing Finance Agency (FHFA), Mel Watt made good
on his Decem...
Wed, Jan 8 2014, 9:16 AM
The Mortgage Bankers Association (MBA)
released data on mortgage application volume for the week ending January 3,
2014 which included summary infor...
Wed, Jan 8 2014, 1:56 PM
With new rules defining Qualified Mortgages (QM) slated
to kick in on Friday at least two lenders have indicated they will make room
for loans that ...
Wed, Jan 8 2014, 1:51 PM
With the January 10 effective date
closing in the Consumer Financial Protection Bureau (CFPB) is reminding
consumers and lenders of the numerous mat...
Tue, Jan 7 2014, 12:52 PM
Fannie Mae said today that results of
its December National Housing Survey show that the housing recovery is on firm
footing and consumer housing se...
Tue, Jan 7 2014, 12:25 PM
CoreLogic's Home Price Index (HPI)
posted its 21 st consecutive annual gain in November. The company said U.S. home prices, including
distressed s...
Tue, Jan 7 2014, 11:01 AM
Standard and Poor's Ratings Direct
Service has made some projections for the coming year. In addition to numerical forecasts for the
economy as a w...
Tue, Jan 7 2014, 10:37 AM
The availability of mortgage credit
bounced back a bit in December the Mortgage Bankers Association (MBA) said
today. Its Mortgage Credit Availab...
Tue, Jan 7 2014, 1:55 PM
Smaller markets and those with a strong
energy sector are recovering faster than the nation as a whole the National
Association of Home Builders (NA...
Mon, Jan 6 2014, 2:38 PM
The New York
Times is reporting that, weather permitting, the Senate may vote Monday
night on the nomination of Janet L. Yellen to lead the Federa...
Mon, Jan 6 2014, 1:59 PM
After a long and contentious delay Melvin L. Watt
was sworn in today to a five year term as Director of the Federal Housing Finance
Agency (FHFA)....
Mon, Jan 6 2014, 1:31 PM
Mel Watt has now officially
taken the reins of the Federal Housing Finance Agency (FHFA),
replacing Acting Director Edward J. DeMarco. He was sworn...
Fri, Jan 3 2014, 12:12 PM
As the next step in its "Know Before You Owe"
initiative the Consumer Financial Protection Bureau (CFPB) plans to look at
what goes on at the home p...
Fri, Jan 3 2014, 3:54 PM
As Fannie Mae and Freddie Mac eliminated their 100% and 97% purchase loans
following the housing meltdown, FHA financing once again became a
pre...
Fri, Jan 3 2014, 3:13 PM
The days when people grew up, got married, got a job they would stay with
for life, had 2.5 children and bought a house are gone according to Mortgag...
Thu, Jan 2 2014, 12:39 PM
A recent study by Fannie Mae found some distinct differences in the ways
higher income earners look for a mortgage compared to lower income
earne...
Thu, Jan 2 2014, 12:29 PM
In 2011, The Federal Housing Finance Agency (FHFA) announced lawsuits
against 18 financial institutions for securities violations and/or
fraud rel...
Thu, Jan 2 2014, 11:07 AM
Spending on residential construction increased by
1.7 percent on a seasonally adjusted basis from October to November
while
overall construction...
Thu, Jan 2 2014, 2:48 PM
While investors placing their money and
hopes on single family houses is not a new phenomenon, CoreLogic in its current
issue of MarketPulse , says...
Tue, Dec 31 2013, 11:04 AM
One of the government sponsored
enterprises (GSEs) has reached what it says will be the last settlement of a repurchase
request related to loans i...
