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...
Thu, Jul 25 2013, 2:36 PM
Reuters is reporting that federal
regulators are considering revamping some of their rules related to
the retained risk provisions of the Dodd-Fra...
Wed, Jul 24 2013, 11:01 AM
New home sales in June rose to a
seasonally adjusted rate of 497,000 units an increase of 8.3 percent
compared to sales in May. The June figure w...
Wed, Jul 24 2013, 10:53 AM
While
foreclosure starts in California bumped up slightly in the second
quarter, the number of homeowners entering foreclosure in that state
was ...
Wed, Jul 24 2013, 8:54 AM
Applications
for refinancing continued to fall during the week ended July 19 and,
according to the Mortgage Bankers Association (MBA) are now at t...
Wed, Jul 24 2013, 3:54 PM
Investors have played a major role in
California real estate since the financial crisis began and are
continuing to fuel the housing recovery in tha...
Wed, Jul 24 2013, 2:00 PM
Among topics covered in a report from
the Special Inspector General for the Troubled Asset Relief Program
(SIGTARP) issued today was a critical sum...
Tue, Jul 23 2013, 10:27 AM
Home prices rose on a month-over-month
basis for the 16 th consecutive month in May the Federal
Housing Finance Agency (FHFA) said today Prices...
Tue, Jul 23 2013, 3:38 PM
A Utah-based mortgage
company is being accused of paying its employees for steering
customers into higher priced mortgages. The Consumer Financia...
Tue, Jul 23 2013, 2:11 PM
The considerably
larger volume of loans in the foreclosure process in the judicial
states appears to be impeding home price recovery in those stat...
Mon, Jul 22 2013, 10:57 AM
Existing home sales dipped slightly in
June and May sales were revised down from previously reported levels
the National Association of Realtors®
(...
Mon, Jul 22 2013, 5:25 PM
The Treasury Department called attention to trends in "redefaults" among loans modified under the Home Affordable Modification Program
(HAMP) in a ...
Mon, Jul 22 2013, 3:23 PM
Representative
John Campbell (R-CA) has reintroduced the Defending American
Taxpayers From Abusive Government Takings Act he originally
sponsored...
Mon, Jul 22 2013, 1:51 PM
After a less-than-favorable reception at a hearing last Thursday, The House Financial
Services Committee (FSC) continues to campaign for the Prote...
Mon, Jul 22 2013, 1:35 PM
Fannie Mae said today in its July Economic and Strategic Report
that the view expressed in these reports since the first of this year
has not ch...
Fri, Jul 19 2013, 11:49 AM
The
House Financial Services Committee held a hearing Thursday on what is
called "discussion legislation" titled
A
Legislative Proposal to Pro...
Thu, Jul 18 2013, 12:45 PM
Reuters is reporting that the Senate
Banking Committee has approved the nomination of Mel Watt to replace
Edward J. DeMarco as director of the Fed...
Thu, Jul 18 2013, 12:04 PM
BB&T announced better than expected
financial results on Thursday, with second quarter earnings coming in
at 0.77 per share, .03 higher than estimat...
Thu, Jul 18 2013, 2:59 PM
The
Office of Inspector General (OIG) of the Federal Housing Finance
Agency (FHFA) has expressed some skepticism about FHFA's plans to
gradually ...
Wed, Jul 17 2013, 10:31 AM
Building permits and housing starts
both declined in June according to data released this morning by the
U.S. Census Bureau and the Department of Ho...
Wed, Jul 17 2013, 9:21 AM
After
months of delay the Senate voted Tuesday evening to confirm Richard
Cordray as the first director of the Consumer Financial Protection
Bureau...
Wed, Jul 17 2013, 9:16 AM
Purchase
applications shored up application volume during the week ended July
12 after four straight weeks of decline. Refinancing activity
continu...
Tue, Jul 16 2013, 12:38 PM
Is the 116 basis
points (bps) rise in rates from 3.35 percent to 4.51 percent within
the May 3 to July 12 th
enough to stall the housing recovery...
Tue, Jul 16 2013, 12:31 PM
The Housing Market Index (HMI) shot up
six points in July, reflecting the highest level of builder
confidence in the market for new homes since Ja...
Tue, Jul 16 2013, 12:12 PM
"The death of cash is greatly
exaggerated ." CoreLogic concurs with that quote from Mark Twain in
an article analyzing the impact cash sales has h...
Tue, Jul 16 2013, 2:06 PM
A perennial frontrunner of housing market trends, California's data
speaks to recent assertions that rising rates will affect sales more
than valu...
Tue, Jul 16 2013, 1:38 PM
Freddie Mac calls "Taper Talk" is
the main topic of conversation in the financial world, that is,
speculation about the timing and speed that the Fe...
Mon, Jul 15 2013, 9:22 AM
It would be a Hansel and
Gretelian task to follow the back and forth between the American Enterprise
Institute (AEI) and the Department of Housing a...
Fri, Jul 12 2013, 10:56 AM
The bill, which is still in draft form,
is sponsored by Republican members of the House Financial Services
Committee led by its chairman Jeb Hensarl...
Fri, Jul 12 2013, 3:08 PM
Generation X Americans, those born
between 1965 and 1979, formed the largest single group of homebuyers
in a recent survey conducted by the Nation...
Fri, Jul 12 2013, 2:45 PM
Over two-thirds of the $3.4 billion in checks issued to borrowers
who were aggrieved by various foreclosure mistakes or inequities had
been cashed a...
Thu, Jul 11 2013, 9:37 AM
Regulators
are proposing to exempt three types of loans from some of the
appraisal requirements for so-called higher priced mortgages . The
r...
Thu, Jul 11 2013, 9:36 AM
Even
as foreclosure activity is slowing dramatically nationwide, it
appears that judicial foreclosure states are revving up to clear
backlogs w...
