Tue, Oct 22 2013, 4:05 PM
In a move some borrowers and
originators might consider "too little, too late" both Fannie Mae and Freddie
Mac announced today they are expanding t...
Tue, Oct 22 2013, 3:28 PM
Pending homes sales in California dipped
by 1.8 percent on the California Association of Realtors® (C.A.R)
Pending Home Sales Index, falling to 106...
Tue, Oct 22 2013, 2:07 PM
The 'Value of Construction Put in
Place' survey for August was published on Tuesday, three weeks after its
scheduled release. The Census Bureau
re...
Tue, Oct 22 2013, 1:10 PM
In its October Outlook Freddie Mac says that the resurgent housing
market supported economic growth in the second quarter but the recovery appears...
Mon, Oct 21 2013, 11:02 AM
Even though sales of existing homes
drifted off the record levels established in the previous two months, September
sales were higher by double digi...
Mon, Oct 21 2013, 10:18 AM
It is being billed as the largest
single-institution settlement arising from the financial crisis. JPMorgan Chase (JPM) has agreed to pay $13
billi...
Mon, Oct 21 2013, 1:04 PM
Residential remodeling eased off in
August, dropping by 13 percent from the July seasonally adjusted annual rate of
3.434 million to 2.987 million...
Fri, Oct 18 2013, 5:11 PM
Despite declining FHA loan
originations (from 120,917 in April 2013 to 105,995 in July), HUD issued
Mortgagee Letter 2013-24 on August 15, tighteni...
Thu, Oct 17 2013, 6:25 PM
Home sales in California were down over
5 percent in September as buyers, according to the California Association of
Realtors® (C.A.R.) reacted to...
Thu, Oct 17 2013, 1:27 PM
LIRA, a forward looking indicator of
remodeling activity, continues to project a double digit annual increase in
home improvement spending through t...
Thu, Oct 17 2013, 1:20 PM
Some of the gist of Fannie Mae's October Economic
Forecast, released Thursday but written late last week, was made obsolete when
the government shut...
Wed, Oct 16 2013, 10:59 AM
Fannie Mae appears to be moving quickly
to meet the goal of risk sharing set for it by its conservator the Federal
Housing Finance Agency (FHFA). ...
Wed, Oct 16 2013, 9:58 AM
Refinancing extended its comeback during
the week ended October 11, rising to a 66 percent share of all mortgage applications
reported by the Mo...
Wed, Oct 16 2013, 3:39 PM
Like other housing indicators covering
the summer's end, the one released today by DataQuick showed a gradually
slowing market. The San Diego bas...
Wed, Oct 16 2013, 2:39 PM
HOPE NOW
member servicers completed 67,000 loan modifications in August . There were
63,000 modifications completed in July so the August figures r...
Wed, Oct 16 2013, 2:13 PM
With the Census Bureau, like the rest of
the government, shut down and unable to release its usual economic data the
National Association of Home Bu...
Wed, Oct 16 2013, 1:59 PM
With the FNC Residential Price Index TM (RPI) levels for August home prices have climbed back
to December 2009 levels. But the index,
while it r...
Tue, Oct 15 2013, 4:14 PM
The Consumer Financial Protection
Bureau (CFPB) released a bulletin today in response to requests for further
clarification on three servicing ...
Tue, Oct 15 2013, 3:08 PM
There may be life in those old GSE bones yet. At least that is one
conclusion that can be drawn from an article in Bloomberg on Tuesday.
Writers...
Tue, Oct 15 2013, 1:26 PM
Periods of high risk and uncertainty greatly decrease the tendency to
"overdo" the typical reaction. During these times, bond market yields
alrea...
Fri, Oct 11 2013, 5:10 PM
On November 16, Fannie Mae will implement scheduled changes to its
automated underwriting system (DU or "Desktop Underwriter"). DU is used
by len...
Fri, Oct 11 2013, 4:12 PM
Wells Fargo Bank reported record net income for the third quarter of $5.6
billion, a 13 percent increase from the same quarter in 2012 even though ...
Fri, Oct 11 2013, 2:25 PM
The life or death of the mortgage interest deduction (MID) is a perennial
Washington, DC soap opera. The prospect
of eliminating it is always on ...
Thu, Oct 10 2013, 11:17 AM
Foreclosure activity in September was up
2 percent from August, RealtyTrac said today, but the third quarter saw the
lowest level of foreclosure...
Thu, Oct 10 2013, 10:51 AM
While applications for mortgages to
finance newly constructed homes fell slightly in September they continued to
increase in three large Sunbelt sta...
Thu, Oct 10 2013, 1:52 PM
Lending for multifamily housing in
buildings with five or more units increased by 33 percent in 2012 according to
the Mortgage Bankers Association...
Thu, Oct 10 2013, 1:47 PM
Fannie Mae checked off another box on
the Federal Housing Finance Agencies 2013 Conservatorship Scorecard by recently
signing an agreement for cred...
Wed, Oct 9 2013, 8:49 AM
The revival in refinancing applications
continued again last week as mortgage interest rates retreated again. The
Mortgage Bankers Association (...
Wed, Oct 9 2013, 4:14 PM
Pressure appears to be building on the
Federal Housing Finance Agency's (FHFA) acting director to back down or at
least delay an intended reduction ...
Wed, Oct 9 2013, 3:08 PM
A new system
should incorporate several structural recommendations including a wholly-owned
government corporation functioning as a catastrophic gua...
Wed, Oct 9 2013, 1:00 PM
The White House has confirmed that President Obama
will announce his nomination of Janet Yellen to succeed Ben Bernanke as Chairperson
of the Federa...
Tue, Oct 8 2013, 11:27 AM
Freddie Mac has issued guidance to its
lenders and servicers in an effort to keep the mortgage market flowing during
the lengthening government shu...
Tue, Oct 8 2013, 9:46 AM
The Mortgage Bankers Association's (MBA)
Mortgage Credit Availability Index (MCAI) indicates that lending standards tightened
slightly for the sec...
Tue, Oct 8 2013, 9:40 AM
The new securitization platform envisioned in the Federal
Housing Finance Agency's (FHFA) Strategic
Plan for Freddie Mac and Fannie Mae has taken ...
Tue, Oct 8 2013, 9:38 AM
Freddie Mac and Fannie Mae have together completed nearly
3 million foreclosure prevention actions since being placed in conservatorship
in 2008 t...
Tue, Oct 8 2013, 5:46 PM
Home ownership is expected to be key to the California real estate market
over the next year. The 2014 California Housing
Market Forecast" released...
Tue, Oct 8 2013, 1:26 PM
CoreLogic
said today that the shadow inventory or pending supply of homes at the end of
July consisted of 1.9 million homes with an approximate ma...
Mon, Oct 7 2013, 12:21 PM
The National Association of Home Builders (NAHB) and First
American Title Insurance Company today unveiled a new measure of housing market
health ,...
Mon, Oct 7 2013, 3:25 PM
Three areas drew the focus of the Lender Processing Services
(LPS) August Mortgage Monitor released today: prepayment activity and
refinance ...
Mon, Oct 7 2013, 2:22 PM
Fannie Mae said today that consumer
responses to its monthly National Housing Survey may have been tempered in
September by growing concern about ...
Fri, Oct 4 2013, 9:53 AM
The federal payroll report, eagerly
awaited on the first Friday of each month, will not be available today or for
the foreseeable future. The Bureau...
Fri, Oct 4 2013, 4:14 PM
Lenders have had three days to
digest Tuesday's partial Federal government shutdown, and while loan processing
has been affected, the impact has no...
Thu, Oct 3 2013, 12:20 PM
While he anticipates that the current
government shutdown will be short-lived, Moody Analytics Chief Economist Mark
Zandi said yesterday that "If ...
Thu, Oct 3 2013, 10:34 AM
Vampire REOs and Zombie Foreclosures
star in a brief report issues by RealtyTrac this morning. These " Monsters of the Housing Market ," the
compan...
Thu, Oct 3 2013, 3:50 PM
The following is an economic "case" made by Treasury for the dangers
associated with the debt ceiling brinksmanship. While they do admit
that the...
Thu, Oct 3 2013, 1:52 PM
With the government shutdown now in its third day
and the debt ceiling deadline looming there are increasing signs that some financial
players are g...
Wed, Oct 2 2013, 10:18 AM
Freddie Mac has tentatively settled
three more claims with financial institutions over representations and
warranties related to single family loa...
Wed, Oct 2 2013, 9:20 AM
Even though mortgage interest rates decreased again,
the Mortgage Bankers Association's (MBA's) Market Composite Index continued to
see-saw, falling...
Tue, Oct 1 2013, 11:30 AM
Home prices continued to increase in August, but the breakneck
pace of earlier months moderated a bit CoreLogic said today. Its Home Price Index (H...
Tue, Oct 1 2013, 1:59 PM
Fannie Mae's Total Book of Business
finished the month of August with a balance of $3.167 trillion and a compound
annual growth rate of (0.8) percen...
