Thu, Aug 15 2013, 11:14 AM
"While
foreclosures are continuing to boil over in a select group of markets
where state legislation and court rulings kept a lid on foreclosure
a...
Thu, Aug 15 2013, 4:16 PM
The Consumer Financial Protection
Bureau (CFPB) has released a set of exam procedures to assist
financial institutions and mortgage companies plan...
Thu, Aug 15 2013, 3:31 PM
CoreLogic's monthly Market Pulse
Molly Boesel looks at the influence interest rates, which have risen
by a little over 100 basis points from May t...
Thu, Aug 15 2013, 1:28 PM
In its August Economic and Housing
Market Outlook Freddie Mac celebrates, sort of, a birthday. It was
four years, at the end of June, since the rec...
Wed, Aug 14 2013, 8:53 AM
Despite
lower interest rates the volume of loan applications decreased during
the week ended August 9 The Mortgage Bankers Association (MBA) said
...
Wed, Aug 14 2013, 3:17 PM
In spite of a huge surge in auto loans,
Americans reduced their overall household debt by $78 billion during
the second quarter the Federal Reserve ...
Wed, Aug 14 2013, 2:51 PM
Even
as foreclosure activity wanes, homeowners continue to seek and obtain
loan modifications through HOPE NOW. The program announced today
that i...
Wed, Aug 14 2013, 1:53 PM
Four investor classes, foreign
investors, the Federal Reserve, fixed income funds, and banks, have
dominated the U.S. Treasury (UST) market in recen...
Tue, Aug 13 2013, 12:21 PM
Until the beginning
of the housing bust, distressed sales were only a small part of the
market and were discounted only in a modest and relatively s...
Tue, Aug 13 2013, 1:22 PM
Yesterday the California Association of
Realtors® (C.A.R.)
reported that home affordability in the state was falling rapidly.
Today the National...
Mon, Aug 12 2013, 2:35 PM
The affordability of California homes
is dropping rapidly as prices continue to soar and now higher
interest rates are compounding the problem. T...
Mon, Aug 12 2013, 2:15 PM
The Federal Reserve Bank of New York
has taken on a laudable and possibly herculean task - trying to
make its policies and operations understandable...
Fri, Aug 9 2013, 10:52 AM
Approximately
43,000 newly constructed homes were purchased in July, the Mortgage
Bankers Association (MBA) said today. MBA based its estimate on
...
Fri, Aug 9 2013, 3:09 PM
The
Office of Inspector General (OIG) of the Federal Housing Finance
Agency (FHFA) has published an assessment of the Home Affordable
Refinance Pr...
Fri, Aug 9 2013, 1:00 PM
When
municipalities like San Bernardino County, California, Chicago,
Brockton, Massachusetts, and Richmond California first proposed using
their po...
Thu, Aug 8 2013, 10:46 AM
Republican members of the House Financial Services Committee
claimed leadership in the area of housing finance reform in the wake
of President Oba...
Thu, Aug 8 2013, 10:42 AM
Fannie
Mae reported this morning that it posted its sixth consecutive
quarterly profit in the second quarter of 2013 and will pay taxpayers
a $10....
Thu, Aug 8 2013, 5:58 PM
The 9 th District U.S. Court
of Appeals in San Francisco may have opened the door for a rash of
lawsuits by homeowners who were not offered the p...
Thu, Aug 8 2013, 1:32 PM
Distressed
loans fell to the lowest level in five years during the second
quarter the Mortgage Bankers Association (MBA) said today. Both
delinq...
Wed, Aug 7 2013, 12:04 PM
Freddie
Mac has again reported strong quarterly financial results with net
income in the second quarter of 2013 coming in at $5.0 billion, $0.6
bi...
Wed, Aug 7 2013, 11:31 AM
Consumers appear to take for granted
that mortgage interest rates are going to rise. Only 5 percent of
respondents to the July National Housing ...
Wed, Aug 7 2013, 10:54 AM
President
Barack Obama, speaking to an audience in Phoenix yesterday, tied his
proposal reforming the U.S. housing system to both his on-going theme...
Wed, Aug 7 2013, 8:49 AM
The
summer doldrums prevailed during the week ended August 6 with
mortgage activity barely stirring compared to the previous week and
interest rate...
Wed, Aug 7 2013, 4:20 PM
Freddie Mac fired a warning shot in the
direction of the City of Richmond California today, threatening to
sue if the city moves forward with its ...
Tue, Aug 6 2013, 9:33 AM
President Barack Obama will spotlight
his vision for the future of the U.S. Housing system in a speech this
afternoon in Phoenix. While few detai...
Tue, Aug 6 2013, 4:34 PM
Bank of American (BOA) was charged
along with two of its subsidiaries on Tuesday with defrauding
investors who bought residential mortgage-backed s...
Tue, Aug 6 2013, 2:18 PM
Mortgage delinquency data released by
TransUnion today show that mortgage delinquencies are plummeting nationally. The rate of borrowers 60
days ...
Tue, Aug 6 2013, 2:09 PM
The list of 'Improving Markets"
compiled by the National Association of Home Builders (NAHB) and
First American Title declined by eight in August t...
Tue, Aug 6 2013, 1:38 PM
Housing prices increased by what the
Chief Economist for CoreLogic called " a remarkable 10 percent "
in the first six months of 2013, the company...
Mon, Aug 5 2013, 11:02 AM
The
headline news from the Lender Processing Services (LPS) Mortgage
Monitor Report for June, that
early mortgage delinquencies had surged 10 pe...
Mon, Aug 5 2013, 3:11 PM
Is the recent change in long-term
Treasury yields the result of investors optimism about higher
short-term rates down the road, or are they demandin...
Mon, Aug 5 2013, 2:49 PM
The
Mortgage Bankers Association's new Mortgage Credit Availability Index
(MCAI) increased in June to 112.3 from 108.9 in May, an increase of
2...
Fri, Aug 2 2013, 5:35 PM
The
number of companies holding licenses to lend, originate, or service
mortgage loans declined slightly in the first quarter of 2013 from
one ye...
Thu, Aug 1 2013, 10:57 AM
Home prices increased during the first
quarter of 2013 by 10.2 percent, the first double-digit quarterly
increase since the "bubble" peaked seven ye...
Thu, Aug 1 2013, 4:23 PM
The chairs of the House Financial
Services (FSC) and the Oversight and Government Reform Committees are
focusing on business relationships four fo...
Wed, Jul 31 2013, 10:22 AM
Months after other cities quietly
dropped similar plans the city of Richmond, California yesterday
quietly moved to buy 624 residential mortgages...
Wed, Jul 31 2013, 9:00 AM
" Mortgage rates were little changed
last week, but remain roughly one percentage point higher than they
were three months ago," said Mike Fratanto...
Wed, Jul 31 2013, 1:20 PM
Senate Bill 1376, A bill to improve
the Federal Housing Administration and to ensure the solvency of the
Mutual Mortgage Insurance Fund, has been...
Tue, Jul 30 2013, 10:52 AM
S&P/Dow Jones Indices said this
morning that its Case-Shiller 10-City and 20-City Composite Indices continued
to rise in May, up 2.5 percent and 2.4...
Tue, Jul 30 2013, 9:57 AM
There were 55,000 completed foreclosures in the U.S.
in June CoreLogic reported this morning.
This is a 2.5 increase from May when there were a r...
Tue, Jul 30 2013, 4:09 PM
Fannie Mae and Freddie Mac told their
lenders today that they will soon provide a common industry data set for the Consumer
Financial Protection B...
Tue, Jul 30 2013, 4:03 PM
Commercial and multifamily mortgage
originations jumped 36 percent in the second quarter of 2013 compared to the
first quarter and were up 7 perce...
Mon, Jul 29 2013, 12:15 PM
May home price rose 1.3 percent nationally on Lender
Processing Services (LPS) Home Price Index (HPI) the company said today. The
index is now at ...
Mon, Jul 29 2013, 10:32 AM
Rising interest rates and home prices
are blamed for a slight dip in the number of pending sales in June the National
Association of Realtors® (NAR)...
Mon, Jul 29 2013, 4:42 PM
In the same vein as Wells Fargo and Chase, Everbank today announced it would no longer be offering a wholesale lending
channel. While nowhere n...
Fri, Jul 26 2013, 10:52 AM
The cost, efficacy and fairness of the
mortgage interest deduction ( MID ) are part of nearly every discussion
in Washington about the tax code, h...
Fri, Jul 26 2013, 2:10 PM
Last week the Office of Inspector
General (OIG) of the Federal Housing Finance Agency (FHFA) issued a
report on FHFA's initiative to use guarantee f...
Thu, Jul 25 2013, 10:40 AM
About
50 broadly diversified investors are participating in a $500 million
offering by Freddie Mac of Structured Agency
Credit Risk (STACR SM ) D...
Thu, Jul 25 2013, 10:21 AM
Lender Processing Services (LPD) will
be reporting a huge spike in the U.S. Loan delinquency rate when it
releases its Mortgage Monitor
for Jun...
Thu, Jul 25 2013, 2:43 PM
Freddie Mac reported today that its
total mortgage portfolio increased at an annualized rate of 0.5
percent in June. The portfolio balance at t...
