Fri, Dec 13 2013, 4:57 PM
The four federal agencies most
involved in supervision of financial institutions as they work to comply with
new Dodd-Frank Act regulations said tod...
Thu, Dec 12 2013, 11:06 AM
The Mortgage Bankers
Association (MBA) said today that applications for the purchase of newly
constructed homes declined in November by about 18 p...
Thu, Dec 12 2013, 11:00 AM
While mortgage delinquency rates are
expected to continue their decline to more normal levels next year, multiple
factors will slow that drop from...
Thu, Dec 12 2013, 10:26 AM
The
bitcoin movement just became a little more complicated: JPMorgan Chase is going
after the bitcoin biz by patenting a similar system. But these...
Thu, Dec 12 2013, 9:51 AM
Foreclosure
starts reached a 95 month low in November.
RealtyTrac, in its November U.S. Foreclosure Market Report, said that a
total of 52,826 pr...
Thu, Dec 12 2013, 4:10 PM
Both very small mortgages and
some "streamlined" refinancings will exempted from certain of the
appraisal requirements for higher-priced mortgag...
Wed, Dec 11 2013, 11:06 AM
After first delaying action on his
nomination for months and then rejecting it in October the Senate finally
confirmed Mel Watt as the new director...
Wed, Dec 11 2013, 9:26 AM
The slight rise in mortgage application
volume during the week ended December 6 was the first increase in six weeks . The
Mortgage Bankers Associat...
Wed, Dec 11 2013, 3:08 PM
The
Department of Housing and Urban Development (HUD) has issued its final rule
defining a "Qualified Mortgage" (QM) as required by the Dodd-Frank...
Tue, Dec 10 2013, 11:43 AM
Wanda
DeLeo, Deputy Director of the Conservatorship Division of the Federal Housing
Finance Agency (FHFA) told a Senate Banking Committee hearing th...
Tue, Dec 10 2013, 10:35 AM
Mortgage credit was slightly less available in
November than it was in October the Mortgage Bankers Association said
today. MBA's new Mortgage Cr...
Mon, Dec 9 2013, 12:14 PM
Lender Processing Services (LPS) Mortgage Monitor for October reports that
48 percent of outstanding second lien home equity lines of credit (HEL...
Mon, Dec 9 2013, 11:10 AM
Completed
foreclosures dropped dramatically in October CoreLogic said today, falling to
48,000 for the month compared to 64,000 in September and 6...
Mon, Dec 9 2013, 9:43 AM
The Department of Housing and Urban
Development (HUD) announced late Friday that the maximum loan eligible for a Federal
Housing Administration (FHA...
Mon, Dec 9 2013, 7:56 PM
As part of the Strategic Plan for the conservatorships, FHFA
announced another installment of increased Guarantee fees ("G-Fee") for
Fannie Mae an...
Mon, Dec 9 2013, 4:58 PM
The Departments of Housing and Urban Development and
Treasury issued their joint Housing Scorecard on Monday. The Scorecard summarizes information...
Mon, Dec 9 2013, 1:40 PM
Responses
to the most recent National Housing Survey conducted by Fannie Mae show
Americans continue to be cautious in their appraisals of the housi...
Fri, Dec 6 2013, 3:40 PM
Too Big to Fail Banks and the
financial consolidation that created them are hot topics. A famous chart from Mother Jones shows that the big four b...
Thu, Dec 5 2013, 2:13 PM
Smaller metropolitan areas appear to be
leading the country in a return to normal levels of economic and housing
activity the National Association ...
Thu, Dec 5 2013, 1:42 PM
David H. Stevens, president
& CEO of the Mortgage Bankers Association (MBA), said today that independently
owned and operated mortgage bankers are t...
Wed, Dec 4 2013, 12:49 PM
Several of the banks involved in the February 2012 $25 billion settlement with
state and federal government agencies " still have additional work to ...
Wed, Dec 4 2013, 12:37 PM
While the numbers are small - less than
200 homes - the incidence of foreclosure among ultra-high end homes has skyrocketed
recently, even as the ...
Wed, Dec 4 2013, 10:59 AM
The U.S. Census Bureau and the
Department of Housing and Urban Development released their joint report on new
home sales in September and October...
Wed, Dec 4 2013, 10:12 AM
It was a short week and one in which most
Americans focused on food and families so the plunging number of mortgage
applications filed during the ...
Wed, Dec 4 2013, 1:19 PM
Mortgage profits took a big hit in the third quarter
of 2013, dropping by more than half of that reported in the second
quarter. The Mortgage Ban...
Tue, Dec 3 2013, 10:59 AM
CoreLogic said today that month-over-month
increases in home prices slowed to fractional numbers in October even as
year-over-year increases continu...
Mon, Dec 2 2013, 12:42 PM
Fannie Mae and Freddie Mac have
completed a major overhaul of their master policy requirements for private
mortgage insurance the Federal Housin...
Mon, Dec 2 2013, 12:00 PM
The Census Bureau released a combined
report on the Value of Construction Put in Place for both September and October
on Monday. A full September r...
Mon, Dec 2 2013, 9:41 AM
Bank of America has settled another
claim for loans it either originated during the housing boom or acquired
through its purchase of another lender....
Fri, Nov 29 2013, 12:15 PM
The Federal Housing Finance Agency (FHFA) recently released its 2013 Conservatorship Scorecard detailing
the progress made by the government sponso...
Fri, Nov 29 2013, 12:10 PM
RealtyTrac reports that the nature of distressed property
sales is evolving. In its most recent
report on market and distressed sales, the company ...
Fri, Nov 29 2013, 10:01 AM
We
have 28 business days until QM is the law of the land, and even after
this commentary discussed the CFPB’s policy there still seems to be a sm...
Wed, Nov 27 2013, 9:26 AM
Applications for mortgages moved in two
directions during the week ending November 22, depending on whether the figures
were presented "as is" or ...
Tue, Nov 26 2013, 11:47 AM
The Federal Housing Finance Agency
(FHFA) reported that home prices rose 2.0 percent in the third quarter compared
to the second quarter and 8.4 p...
Tue, Nov 26 2013, 10:45 AM
Home
prices continue to increase nationally, and the S&P Case-Shiller's U.S.
National Home Price Index which is issued quarterly showed a strong thi...
Tue, Nov 26 2013, 10:07 AM
The Census Bureau and the Department of Housing and
Urban Development are still playing catch-up from the government shutdown that
squashed data r...
Tue, Nov 26 2013, 1:23 PM
Whether because of the uproar from some members
of Congress, the Mortgage Bankers Association, National Association of
Realtors, and other industry ...
Mon, Nov 25 2013, 11:59 AM
Home prices rose again nationally in
September Lender Processing Services (LPS) said today, but in many areas,
notably a lot of the older mill towns...
Mon, Nov 25 2013, 10:44 AM
Pending
home sales fell in October to the lowest level in nearly a year. The Pending Home Sales Index (PHSI) released
this morning by the Nationa...
Mon, Nov 25 2013, 3:18 PM
Contracts for home purchases in the
Golden State increased in October, the first such increase in three months the
California Association of Realt...
Mon, Nov 25 2013, 1:45 PM
The Office of Inspector General
(OIG) of the Federal Housing Finance Agency (FHFA) has
released its sixth Semiannual Report to the Congress. The re...
Fri, Nov 22 2013, 10:57 AM
Property taxes
are collected by virtually all local governments; levied on land, commercial
properties, and residential homes. Taxes
are generally...
Fri, Nov 22 2013, 4:08 PM
FICO credit scores will soon be available to some consumers for free but
only if their lenders authorize it. The
company announced recently it ...
Fri, Nov 22 2013, 4:07 PM
Lender Processing Services (LPS) said today that the
national foreclosure pre-sale inventory is at its lowest level since 2008 . The inventory, the...
Thu, Nov 21 2013, 2:58 PM
Fannie Mae's Economic and Strategic
Research Group calls the temporary government shutdown and debt ceiling
negotiations in October a blow to consu...
Thu, Nov 21 2013, 2:51 PM
In the November edition of CoreLogic's e-magazine
MarketPulse, Kathryn Dobbyn looks at
the potential impact of lower conforming loan limits on t...
Thu, Nov 21 2013, 2:42 PM
In prepared
remarks to present to the Senate Banking Committee on Thursday, Alfred M.
Pollard, General Counsel of the Federal Housing Finance Agency...
Wed, Nov 20 2013, 10:57 AM
Low inventories continue to drive home
prices up from year-ago levels, but existing home sales appear to have at least
temporarily cooled the Nation...
Wed, Nov 20 2013, 10:54 AM
As expected the Consumer Financial
Protection Bureau (CFPB) has released the "easier-to-use" mortgage disclosure
forms that were mandated by the Dod...
Wed, Nov 20 2013, 9:51 AM
The coming year should bring an
emergence of the first purchase-dominated market the U.S. has seen since 2000
Freddie Mac has predicted. The
s...
