Thu, May 16 2013, 9:03 AM
The median price of homes in California
topped $400,000 in April for the first time in five years. The California Association of Realtors®
(C.A.R...
Thu, May 16 2013, 8:59 AM
"Nationwide and in most markets it
appears builders are planning to ramp up activity that will help offset a drop
in foreclosure starts , but the...
Thu, May 16 2013, 1:15 PM
CoreLogic said today that home prices are projected to increase 3.9 percent on an annualized basis between the fourth quarter of 2012 and the same q...
Wed, May 15 2013, 12:49 PM
Builder confidence has perked up
again. After dropping three points in
April to 41, the National Association of Home Builders (NAHB)/Wells Fargo
...
Wed, May 15 2013, 11:09 AM
Lender Processing Services (LPS) has release a new
tool for mortgage servicers that the company says will allow them to "provide
consistent, real-ti...
Wed, May 15 2013, 9:50 AM
Realtors meeting at the National Association of Realtors® Midyear Legislative Meetings and Trade Expo heard two presentations about the roles the fed...
Wed, May 15 2013, 9:15 AM
Is it possible that the sluggishness of
the foreclosure pipeline is actually camouflaging low mortgage delinquency
rates ? TransUnion raised the...
Wed, May 15 2013, 8:13 AM
Applications for both purchasing and refinancing homes
dropped during the week ended May 10 as interest rates reversed the downward
trend of the ...
Wed, May 15 2013, 3:58 PM
Nearly a quarter million homeowners received mortgage loan modifications through HOPE NOW during the first quarter of 2013. The voluntary private...
Wed, May 15 2013, 3:44 PM
Nearly half of members responding to a National
Association of Federal Credit Unions survey say they are already planning to drop
loans from thei...
Wed, May 15 2013, 3:37 PM
The Federal Housing Finance Agency ( FHFA ) published an interim final rule in the Federal Register on Tuesday which may mean that the long drawn-ou...
Wed, May 15 2013, 3:07 PM
Under Dodd-Frank, the Consumer Finance Protection Bureau
( CFPB ) was required to issue several mortgage rules , ostensibly intended to 'protect
co...
Wed, May 15 2013, 1:14 PM
Several speakers representing lenders, servicers, and appraisers spoke to Realtors
attending their Midyear Legislative Meetings in Washington on Wedn...
Wed, May 15 2013, 1:05 PM
The percentage of loans originated for purchasing homes increased again in April , the third consecutive month they have done so. According Ellie Ma...
Tue, May 14 2013, 10:17 AM
Freddie Mac has opened applications for its new Streamlined Modification program , making it available to all eligible borrowers immediately, six we...
Tue, May 14 2013, 3:34 PM
American households have resumed what is now nearly a five year effort to decrease their debt. The Household Debt and Credit Report for the first qu...
Tue, May 14 2013, 3:20 PM
Home sales in Southern California hit a seven year high in April spurred by pent up consumer demand and high levels of investor activity . Prices ...
Tue, May 14 2013, 3:14 PM
The spring market may be bringing a little of the hoped for increase in available homes for sale. April data from Realtor.com indicated the inventory...
Tue, May 14 2013, 2:17 PM
Housing affordability declined slightly in the first quarter of this year, but remains near historic highs according to the National Association of H...
Tue, May 14 2013, 1:52 PM
CoreLogic's May MarketPulse report, released today, looks at the housing recovery and concludes that it is not occurring evenly across the U.S , bu...
Mon, May 13 2013, 12:46 PM
Realtors saw an increase in their income in 2012 for the second year in a row after nine straight years of losing ground The National Association of...
Mon, May 13 2013, 11:08 AM
The report points out, "It is hard to imagine a sustainable housing recovery taking place with fewer homeowners ."
This point, it says, "appears to...
Fri, May 10 2013, 10:09 AM
"The strong year over year increase
in confidence reported by builders for the 55+ market is consistent with year
over year increases in other seg...
Fri, May 10 2013, 9:30 PM
The Obama Administration's Monthly
Housing Scorecard for April was released this afternoon by the Departments of
Treasury and Housing and Urban De...
Fri, May 10 2013, 4:37 PM
The Office of Comptroller of the Currency ( OCC ) said today the more than 2.2 million people have cashed or deposited the checks they have received...
Fri, May 10 2013, 3:53 PM
One of the biggest challenges for retired borrowers is their ability to meet lenders’ income requirements. With 'stated-income' and 'no doc' loans ...
Fri, May 10 2013, 3:19 PM
Federal Reserve Governor Elizabeth A. Duke, told an audience at the Housing Policy Executive Council on Thursday that despite the sustained recovery...
Fri, May 10 2013, 2:28 PM
The California Association of Realtors® (C.A.R.) said today that rising home prices in the state are putting a dent in housing affordability . Fif...
Thu, May 9 2013, 11:30 AM
The Consumer Financial Protection Bureau (CFPB) is proposing to delay implementation of part of the Loan Originator Compensation Requirements it i...
Thu, May 9 2013, 3:49 PM
Despite rising home prices in U.S. metropolitan areas in the first quarter, the National Association of Realtors® (NAR) said today that home affordab...
Thu, May 9 2013, 2:27 PM
A former
senior official at Wilmington Trust Company, Wilmington, Delaware has pleaded
guilty to one count of conspiracy to commit bank fraud acco...
Thu, May 9 2013, 1:33 PM
Fannie Mae reported today that it had pre-tax income of $8.1 billion in the first quarter of 2013, the largest quarterly results in the company's hist...
Wed, May 8 2013, 12:46 PM
Freddie Mac is reporting that it earned net income of $4.6 billion in the first quarter of 2013, the second largest amount in the company's history ,...
Wed, May 8 2013, 10:22 AM
The decline in mortgage delinquencies appears to be picking up speed according to TransUnion's quarterly delinquency report . The national rate of l...
Wed, May 8 2013, 9:04 AM
While refinancing drove mortgage originations, a small uptick was enough to send purchase applications to a three year high according to data from...
Wed, May 8 2013, 2:25 PM
In a relatively scathing op-ed published today in the New York Daily News, New York State Attorney General Eric T. Schneiderman again called on P...
Tue, May 7 2013, 11:57 AM
The April edition of Fannie Mae's National Housing Survey revealed increasing optimism in American attitudes toward both housing and the overall eco...
Tue, May 7 2013, 9:28 AM
Home prices measured by CoreLogic increased by 10.5 percent on an annual basis in March, the largest year-over-year increase since March 2006 . The ...
Tue, May 7 2013, 4:15 PM
Fannie Mae
spotlighted the availability of its Servicing Management Default Underwriter TM
(SMDU TM ) today while alerting servicers that use of th...
Tue, May 7 2013, 1:23 PM
Refinancing volume remained high in February with more than 463,000 transactions completed through Freddie Mac and Fannie Mae (the GSEs) during the ...
Mon, May 6 2013, 12:29 PM
Freddie Mac and Fannie Mae , as directed by the Federal Housing Finance Agency ( FHFA ), took the first steps in implementation of the new " Qualifi...
Mon, May 6 2013, 11:36 AM
In
prepared remarks for a speech before the Mortgage Bankers Associations 2013
Secondary Market Conference on Monday MBA CEO David H. Stevens call...
Mon, May 6 2013, 2:09 PM
New York Attorney General Eric Schneiderman announced at a press conference this afternoon that his office will be suing Bank of America Corp (BOA) ...
Mon, May 6 2013, 1:43 PM
In yet another indication that the housing market is stabilizing, Lender Processing Services (LPS) said today that new problem loan rates have falle...
Mon, May 6 2013, 1:24 PM
The list of improving markets compiled by the National Association of Homebuilders (NAHB) and First American Title appears to have hit an inevitab...
Fri, May 3 2013, 10:58 AM
The Consumer Financial Protection Bureau (CFPB) has just published three compliance guides to help both lenders and consumers understand some of t...
Fri, May 3 2013, 1:43 PM
Each of the government sponsored enterprises ( GSEs ) has released a report analyzing the viability of their multifamily operations under a scenario...
Fri, May 3 2013, 1:02 PM
Approximately 20,000 severely delinquent FHA-guaranteed mortgage loans will be offered to investors through two Department of Housing and Urban De...
Thu, May 2 2013, 12:48 PM
Congressman Elijah E. Cummings recently introduced a bill that would create an independent monitor to oversee the distribution of funds paid by mor...
Thu, May 2 2013, 2:16 PM
The Center for Housing Policy today released a report on housing affordability among working households in the US. The report concludes an ongoi...
