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...
Tue, Dec 31 2013, 10:32 AM
The S&P/Case Shiller Home Price
Index scored its greatest year over year gain in over seven years in October
the company said today. Both the 10-Ci...
Tue, Dec 31 2013, 1:30 PM
In its monthly e-magazine
Foreclosure Report RealtyTrac takes a
look at the current and potential impact of legislation designed to rescue the
na...
Mon, Dec 30 2013, 11:46 AM
Lender Processing Services (LPS) said today that its Home Price Index (HPI) was up a slight 0.1 percent in October. The index for the month was $23...
Mon, Dec 30 2013, 10:22 AM
Pending home sales technically rose slightly in November, but only after a negative downward revision to October's Pending Home Sales Index (PHSI) ...
Mon, Dec 30 2013, 2:03 PM
In the most recent issue of CoreLogic's MarketPulse on-line magazine Sam Khater
suggests that low-end home prices can be useful in predicting the...
Tue, Dec 24 2013, 12:51 PM
The Federal Housing Finance Agency
(FHFA) is celebrating the completion of more than 3 million foreclosure
prevention actions by Freddie Mac and F...
Tue, Dec 24 2013, 12:49 PM
While competition has moderated, Redfin reports that there is still
plenty of data, real and anecdotal, to show homebuyers are still highly
motivat...
Tue, Dec 24 2013, 12:42 PM
The
mortgage interest deduction (MID) is never left alone for very long . In
Unmasking the Mortgage Interest Deduction: Who Benefits and by How...
Tue, Dec 24 2013, 12:36 PM
Since
the housing market collapse the focus of policy makers has shifted from putting
borrowers into owner occupied housing to keeping them there....
Tue, Dec 24 2013, 10:20 AM
New Single Family Home Sales stood at a seasonally adjust annual rate of 464,000 in November
according to estimates released today by The U.S. Cens...
Tue, Dec 24 2013, 9:57 AM
After falling to it's lowest level in more than 12 years last week,
the Mortgage
Bankers Association's (MBA) Market Composite Index fell another 6....
Mon, Dec 23 2013, 1:43 PM
Pending home sales in California experienced
the first double digit drop in over a year in November, falling 13.6 percent
from October to a Pendin...
Fri, Dec 20 2013, 2:30 PM
Freddie Mac's December U.S. Economic & Housing Market Outlook looks at what the company's chief economist
Frank Nothaft and deputy chief Leonard K...
Fri, Dec 20 2013, 2:06 PM
One settlement and one enforcement
action have been announced in the last 24 hours and they are going to cost two
financial institutions a lot of m...
