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...
Wed, May 1 2013, 9:04 AM
Applications for refinancing increased
during the week ended April 26 driving the Mortgage Bankers Association's (MBA)
Market Composite Index up 1.8...
Wed, May 1 2013, 8:46 AM
President Obama has picked a replacement for acting Federal Housing Finance Agency (FHFA) director Edward J. DeMarco according to multiple news ou...
Wed, May 1 2013, 4:45 PM
Confirming earlier speculation, President Barack Obama this afternoon
nominated Congressman Mel Watt (D-NC) to be the director of the Federal Hous...
Tue, Apr 30 2013, 12:16 PM
Despite another month-over-month uptick, foreclosures continue to decline on an annual basis and, according to a report from CoreLogic today, are no...
Tue, Apr 30 2013, 10:52 AM
Every city in the S&P Case-Shiller 20-City Composite Index has now posted annual increases for at least two consecutive months. The February 2013 i...
Tue, Apr 30 2013, 4:05 PM
The Federal Housing Finance Agency (FHFA) has released a progress report on the common securitization infrastructure (CSI) being constructed as a ...
Tue, Apr 30 2013, 3:24 PM
Freddie Mac will be phasing in a new tool over the next few months which is designed to help lenders identify credit, data, and purchase eligibility ...
Tue, Apr 30 2013, 2:31 PM
The U.S. vacancy rate and the rate of homeownership both declined in the first quarter of 2013 with the homeownership rate hitting the lowest level...
Mon, Apr 29 2013, 10:59 AM
A key to improving the efficiency, accuracy, and
transparency of the housing finance system is standardization according to Stephen
Clinton , Fredd...
Mon, Apr 29 2013, 10:28 AM
Home purchase contract signings slowed in March
although they remained slightly above February levels and well above contract
signings one year ea...
Mon, Apr 29 2013, 4:46 PM
Lender Processing Services, Inc. (LPS) said Monday that its Home Price Index (HPI) for February was up 1.0 percent to $210 from the end-of-January I...
Fri, Apr 26 2013, 10:59 AM
Fort Worth based homebuilder D. R. Horton reported financial results for its second quarter that dwarfed results from a year earlier. The company's...
Fri, Apr 26 2013, 10:53 AM
Flipping over to the non-agency sector, uh oh: is the demand for "private label," nongovernment-backed residential mortgage securities dropping, or ...
Thu, Apr 25 2013, 11:12 AM
Freddie Mac reported this morning that its Total Mortgage Portfolio increased by 4.0 percent in March to an ending balance of $1.95 trillion . The...
Thu, Apr 25 2013, 9:48 AM
Zillow® said today there are signs that the rapid appreciation of home values that has been evident for some months is moderating . The company's ...
Thu, Apr 25 2013, 4:15 PM
The House Ways and Means Committee heard a wide variety of opinions today at a hearing on housing tax incentives . Representatives of the housing, b...
Thu, Apr 25 2013, 2:13 PM
CoreLogic, an Irvine, California based provider of property information, analytics and services, announced today that it had acquired Case-Shiller f...
Wed, Apr 24 2013, 12:28 PM
In its Quarterly Report submitted to Congress on Wednesday, the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP...
Wed, Apr 24 2013, 11:02 AM
Was the dramatic deleveraging of American households during the financial crisis solely the result of charge offs and defaults or were there other f...
Wed, Apr 24 2013, 8:19 AM
Mortgage applications for both home purchases and refinancing increased slightly in what was essentially a lackadaisical week that ended April 19. ...
Wed, Apr 24 2013, 2:20 PM
A new survey conducted by United States Appraisals found a majority of appraisers are at least somewhat bullish on the current housing market. Over 5...
Wed, Apr 24 2013, 1:23 PM
In an attempt to increase public knowledge about the availability of the Home Affordable Refinance Program (HARP) which has just been extended for an...
Tue, Apr 23 2013, 11:37 AM
All of the housing metrics released today by Lender Processing Services (LPS) showed movement in a positive direction . LPS generally provides a "f...
Tue, Apr 23 2013, 11:08 AM
New home sales increased to 417,000 units on a seasonally adjusted annual basis in March. This was a 1.5 percent increase from the revised estimate...
Tue, Apr 23 2013, 9:50 AM
U.S. house prices rose 0.7
percent from January to February according to data released this morning by the
Federal Housing Finance Agency (FHFA).
...
Tue, Apr 23 2013, 9:40 AM
Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee announced yesterday that the committee would not be accepting testimony fr...
Mon, Apr 22 2013, 11:09 AM
Despite the beginning of the traditionally busy spring market, existing home sales declined slightly in March , owing primarily to continuing tight i...
Mon, Apr 22 2013, 4:02 PM
After what it called years of tenuous signals indicating that the housing recovery was underway Standard & Poor's (S&P) Ratings Service say this ti...
Mon, Apr 22 2013, 1:34 PM
Last week the Consumer Financial Protection Bureau (CFPB) issued proposed clarifications to one of its 2013 Finals Rules , the one applying to servic...
Fri, Apr 19 2013, 1:13 PM
The median price of a home in California
shot up in March to $313,000 from 289,000 in February, a one-month increase of
8.3 percent . The spike ...
Thu, Apr 18 2013, 12:55 PM
Edward J. DeMarco, Acting Director of
the Federal Housing Finance Agency (FHFA) appeared before the Senate Banking
Committee today. According to hi...
Thu, Apr 18 2013, 3:58 PM
Fannie Mae's economists note that
economic growth was very choppy during the second half of 2012 because of
inventory swings and the same is expecte...
