Tue, Oct 1 2013, 1:07 PM
Freddie Mac wants its customers and business
partners to know they are open for business and largely unaffected by the
government shutdown. Despite...
Mon, Sep 30 2013, 12:48 PM
Another definition of Qualified Mortgage
(QM) was rolled out for comment today.
This one, proposed by the Department of Housing and Urban Develop...
Mon, Sep 30 2013, 12:38 PM
While the real estate market has
been bubbling, Robert J. Shiller doesn't think we are in a real estate bubble. At least not yet . Shiller who, al...
Fri, Sep 27 2013, 2:03 PM
Commercial and multi-family mortgage
debt increased by $24.5 billion in the second quarter of 2013, with $10.9
billion of that being debt in the m...
Fri, Sep 27 2013, 1:26 PM
The Federal Housing Administration
(FHA) notified Congress this morning that, as had been rumored earlier in the
week, it will need to draw on its b...
Thu, Sep 26 2013, 11:02 AM
As the National Association of Realtors®
(NAR) said it had anticipated, pending home sales eased in August falling what
may have been accelerated ac...
Thu, Sep 26 2013, 10:49 AM
The pre-foreclosure or "shadow inventory," that is
homes that are in the process of foreclosure, has fallen by over a third since
August of 2012 t...
Thu, Sep 26 2013, 10:22 AM
Reuters and the Wall Street Journal are both reporting that the Department of
Housing and Urban Development (HUD) and its Federal Housing Administr...
Thu, Sep 26 2013, 5:39 PM
Foreclosure starts in the
second quarter of 2013 were down to half the level of a year earlier the Office
of Comptroller of the Currency (OCC) said ...
Thu, Sep 26 2013, 5:21 PM
Freddie Mac's total mortgage portfolio
ended August with a principal balance of $1.93 trillion. This represented a 5.0 percent reduction from
the...
Thu, Sep 26 2013, 1:04 AM
Distressed homes accounted for 25
percent of residential home sales in August, up 2 percentage points from
July. RealtyTrac, in its August U.S. ...
Wed, Sep 25 2013, 11:28 AM
New home sales turned upward in August after an especially
poor showing in July, though remain well off levels from the first half of the year. Th...
Wed, Sep 25 2013, 10:45 AM
Incidents of mortgage
application fraud identified in the second quarter were less likely to be
property related and more likely to be tied to in...
Wed, Sep 25 2013, 9:19 AM
Applications for both refinancing and
home purchase increased last week as mortgage interest rates retreated. The Mortgage Bankers Association (MB...
Tue, Sep 24 2013, 11:03 AM
Indices released
by two of the leading sources of home price information this morning confirm
the continued growth of home values in the U.S., at...
Tue, Sep 24 2013, 2:29 PM
There
are " Four Ds " that plague consumers, the Director of the Consumer Financial
Protection Bureau told an audience of Bankers on Tuesday; decep...
Mon, Sep 23 2013, 12:23 PM
Feeling
that they may have reached only about half of the families who could benefit
from the program, the Federal Housing Finance Agency (FHFA) ...
Mon, Sep 23 2013, 5:03 PM
Like
closed sales which were reported last week, pending real estate sales in
California dropped in August while distressed home sales were down...
Mon, Sep 23 2013, 4:17 PM
A national law firm which frequently
analyzes actions either coming from or having an impact on the Consumer
Financial Protection Agency raised ques...
Mon, Sep 23 2013, 2:15 PM
Lender Processing Services (LPS) Home
Price Index (HPI) rose 0.6 percent in July compared to June. The index has increased 7.5 percent since the
...
Fri, Sep 20 2013, 1:59 PM
The
National Association of Realtors ® (NAR) sent a strongly worded letter to Edward J. DeMarco , Acting
Director of the Federal Housing Finance A...
Fri, Sep 20 2013, 1:55 PM
On Thursday the Federal Housing Finance
Agency (FHFA) released the first Quarterly
Performance Report of the Housing GSEs. The
report summarizes...
Fri, Sep 20 2013, 1:37 PM
The number of companies licensed through
the National Mortgage Licensing System (NMLS) declined by 2.1 percent from the
second quarter of 2012 to ...
Thu, Sep 19 2013, 12:22 PM
Existing home sales reached a six-and-a
half year peak in August, increasing 1.7 percent to a seasonally adjusted
annual rate of 5.48 million unit...
Thu, Sep 19 2013, 3:36 PM
There was sharp disagreement among participants in at least
one panel at a forum on the future of housing sponsored by the National
Association of...
Thu, Sep 19 2013, 2:01 PM
The Consumer Financial Protection Bureau
( CFPB ) announced new tools yesterday that will help consumers further explore the Home
Mortgage Disclosu...
Wed, Sep 18 2013, 12:53 PM
Information collected in 2012 through
the Home Mortgage Disclosure Act (HMDA) was released today by the Federal
Financial Institutions Examination C...
Wed, Sep 18 2013, 12:48 PM
Ellie Mae reported today that the refinancing share
of loans has dropped 15 percentage points since rates first began to escalate
in May. The com...
Wed, Sep 18 2013, 10:57 AM
Building permits for the construction of
new privately owned residential units fell 3.8 percent in August to a
seasonally adjusted annual rate of 9...
Wed, Sep 18 2013, 8:44 AM
Mortgage applications rallied
last week from the week ended September 6 in which applications were down 13.5
percent and refinancing applications f...
Tue, Sep 17 2013, 12:56 PM
As it did following the devastation of Hurricane
Sandy, Freddie Mac has made the full menu of its mortgage relief policies available
to borrowers ...
Tue, Sep 17 2013, 12:54 PM
Fannie Mae's senior economists said
today that anticipated declines in refinance
originations suggest that mortgage industry employment, which has...
Tue, Sep 17 2013, 12:19 PM
Builder confidence in the market for newly built
single family homes held steady in September after four consecutive months of
improvements the Na...
Tue, Sep 17 2013, 10:41 AM
Late Monday Freddie Mac issued a bulletin for its
Single-Family Servicer Guide ( Bulletin
2013-17) which covers changes to the Home Affordable Modi...
Tue, Sep 17 2013, 2:44 PM
Home remodeling appears to be growing even more
steadily that other sectors of the residential construction industry. Building permits for improveme...
Mon, Sep 16 2013, 9:34 AM
Between a slight decrease this month and a massive negative revision
to the previous month, the California real estate market turned on a
dime acc...
Mon, Sep 16 2013, 2:45 PM
Monthly sales figures from the California
Association of Realtors® (C.A.R.) confirm indications from DataQuick data
posted earlier today that the re...
Fri, Sep 13 2013, 12:59 PM
The Treasury Department has released a graphics-filled Power Point presentation
titled The Financial Crisis Five Years
Later , Response, Reform, a...
Fri, Sep 13 2013, 12:14 PM
Darrin Benhart, Deputy
Comptroller for Credit
and Market Risk, Office of Comptroller of the Currency (OCC) said in
a speech on Wednesday that the...
Fri, Sep 13 2013, 10:56 AM
Japan's Nikkei newspaper is
quoting unnamed sources saying that former Clinton Administration Treasury Secretary
Lawrence Summers will be the next...
Fri, Sep 13 2013, 3:42 PM
A second
set of amendments and clarifications to the Consumer Financial Protection
Bureau's (CFPB) January 2013 mortgage rules will be released this...
Fri, Sep 13 2013, 1:34 PM
The panel of
four witnesses that appeared before the Senate Banking Committee hearing on the
Essential Elements of Housing Finance Reform were large...
Thu, Sep 12 2013, 10:25 AM
The Dodd-Frank Wall Street Reform
and Consumer Protection Act and the Consumer Financial Protection Bureau (CFPB)
which it created appear to be a lo...
Thu, Sep 12 2013, 9:55 AM
Falling foreclosure starts pulled overall foreclosure activity down 2
percent in August compared to July and 34 percent lower than one year earlier. ...
Thu, Sep 12 2013, 2:46 PM
The Director of the Consumer Financial
Protection Bureau (CFPB) finally got to present the Bureau's third Semi-Annual
Report to the House Financial...
Thu, Sep 12 2013, 2:38 PM
The Mortgage Bankers
Association (MBA) said that applications for mortgages to purchase new homes
dropped 14 percent in August to a seasonally adj...
Wed, Sep 11 2013, 9:05 AM
The rally in
refinancing reported last week by the Mortgage Bankers Association (MBA) was
short lived. Rates rose again during the
week ended Sept...
Wed, Sep 11 2013, 5:21 PM
The credit crunch, the financial
collapse, and the ensuing deep recession will likely stand as the most
significant financial events of our generati...
Wed, Sep 11 2013, 2:16 PM
Despite a lawsuit and threats from the
securities industry and the federal government to cut off its credit, the City
Council in Richmond, Californi...
Tue, Sep 10 2013, 10:34 AM
Several fair housing and civil rights
groups have come to the side of the City of Richmond, California as it attempts
to use its power of eminent do...
