Thu, Apr 18 2013, 3:03 PM
The Consumer Finance Protection Agency
( CFPB ) has released a report highlighting problems with what it called " senior
designation " credentials. ...
Thu, Apr 18 2013, 2:33 PM
Gallup said today that more than half of
Americans expect average home prices in their local area to increase over the
next year. Fifty-one per...
Wed, Apr 17 2013, 12:28 PM
Bank of America (BOA)
reported net income in the first quarter of 2013 of $2.6 billion or $0.20 per
diluted share, up from net income of $653 millio...
Wed, Apr 17 2013, 11:21 AM
Wells Fargo Bank's
Economics Group has issued commentary on housing which updates
concerns it says it has raised over the past few month "that the ...
Wed, Apr 17 2013, 8:24 AM
Mortgage applications for both
purchasing a home and refinancing one increased during the week ended April
12. The Mortgage Bankers Association
...
Wed, Apr 17 2013, 5:29 PM
Freddie Mac's economists advise readers of its April Economic
and Housing Outlook to look at employment growth over the past few months
rather t...
Wed, Apr 17 2013, 1:05 PM
Real estate loans for multi-family
properties led all commercial and multi-family loan originations in 2012
according to the Mortgage Bankers Ass...
Tue, Apr 16 2013, 12:49 PM
The U.S. Census Bureau released two
housing market briefs on Tuesday, both the results of data collected from the
American Community Survey. Renta...
Tue, Apr 16 2013, 12:24 PM
The
Consumer Financial Protection Bureau (CFPB) has released a set of clarifying
and technical amendments to one of the several rules it released in...
Tue, Apr 16 2013, 10:32 AM
Building permits were issued in March at a seasonally
adjusted rate that was 3.9 percent lower than in February but 17.3 percent
higher than one y...
Tue, Apr 16 2013, 4:42 PM
The Equifax March National Consumer
Credit Trends Report presents more evidence that the home finance related
credit picture is improving rapidly....
Tue, Apr 16 2013, 4:40 PM
Most of the S&P/Experian Consumer
Credit Default Indices fell in March.
The national composite default index and both first and second mortgage
...
Mon, Apr 15 2013, 11:22 AM
Despite a revival of demand for new homes, builders are
facing constraints that are eroding their confidence in the market for new
single family h...
Mon, Apr 15 2013, 3:58 PM
A sudden surge in single family home
prices in California coupled with flat sales are both attributed by the
California Association of Realtors® (...
Fri, Apr 12 2013, 11:03 AM
The Federal Housing Finance Agency (FHFA) has announced that Fred
C. Graham will become Deputy Director of the Division of Federal Home Loan Bank
...
Fri, Apr 12 2013, 11:02 AM
Wells Fargo beat analysts' expectations
and brought in record high earnings for the first quarter of 2013 even though
its mortgage earnings decline...
Thu, Apr 11 2013, 9:28 AM
Mortgage
loan modifications completed through HOPE
NOW , the voluntary, private sector alliance of mortgage servicers, investors,
mortgage insurer...
Thu, Apr 11 2013, 9:12 AM
Legal filings related to foreclosure
declined both in March and in the entire first quarter compared to previous
periods RealtyTrac said today. T...
Thu, Apr 11 2013, 1:15 PM
The Home Affordable Refinance Program
(HARP) has been extended for two years beyond its scheduled expiration on
December 31. The Federal Housing F...
Wed, Apr 10 2013, 12:08 PM
The Lender Processing Service (LPS)
February Mortgage Monitor found that
loan prepayment rates, historically a good indicator of refinancing activ...
Wed, Apr 10 2013, 11:58 AM
In response to a recent remark by
Attorney General Eric H. Holder, Jr., Senator Bernie Sanders (I-VT) has
introduced Senate legislation aimed at ...
Wed, Apr 10 2013, 8:40 AM
Applications for government-backed
mortgages dropped significantly during the week ended April 5, but mortgage
activity in other sectors was stro...
Wed, Apr 10 2013, 5:31 PM
Donovan declined to speculate about
the likelihood FHA would need to draw on Treasury funds to correct the deficit
in its Mortgage Insurance Fund ...
Wed, Apr 10 2013, 2:49 PM
The House Financial Services
Subcommittee heard testimony today from housing industry leaders on
congressional efforts to reform the Federal Housin...
Tue, Apr 9 2013, 11:25 AM
Two consumer advocacy groups have outlined how state
lawmakers can bolster safeguards to prevent unnecessary foreclosures . The Center for Responsi...
Tue, Apr 9 2013, 10:00 AM
Federal Reserve Chairman Ben Bernanke , speaking
at a Federal Reserve Bank of Atlanta sponsored conference on Monday said that
the use by the Fed o...
Tue, Apr 9 2013, 5:31 PM
Freddie Mac and Fannie Mae (the GSEs) refinanced a total of 97,589 mortgages through the Home Affordable Refinance Program ( HARP ) in January compa...
Tue, Apr 9 2013, 3:07 PM
Fannie Mae's Servicer Total Achievement
and Rewards Program (STAR) hit a new milestone in 2012. For the first time since the award was initiated
in...
Tue, Apr 9 2013, 2:26 PM
Homeowner beneficiaries of the recent
settlement agreement made by the Comptroller of the Currency (OCC) and the Federal
Reserve Board with 13 mortg...
Mon, Apr 8 2013, 11:23 AM
Americans' attitudes toward most key
housing measures remained stable between February and March. The National Housing Survey conducted monthly
b...
Fri, Apr 5 2013, 3:18 PM
The March Housing Scorecard for March, jointly
produced by the Departments of Treasury and Housing and Urban Development,
focused on the large annua...
Thu, Apr 4 2013, 11:50 AM
While there have been numerous
studies of the effects of pre-purchase counseling , the NeighborWorks program
has never been independently evaluated...
Thu, Apr 4 2013, 11:36 AM
The number of metropolitan areas on the National Association
of Home Builders/First American Improving Markets Index (IMI) slipped by one in
April...
Thu, Apr 4 2013, 3:35 PM
A New York mortgage company has been sued by the U.S.
Department of Justice (DOJ) for alleged fraud against the Federal Housing
Administration (FHA...
Thu, Apr 4 2013, 1:40 PM
The four largest remaining private
mortgage insurance (PMI) companies have agreed to end what the Consumer
Financial Protection Bureau ( CFPB ) call...
Wed, Apr 3 2013, 10:29 AM
Rapidly rising home prices were confirmed by another
report this morning, this one from CoreLogic.
Its Home Price Index (HPI) jumped 10.2 percen...
Wed, Apr 3 2013, 9:36 AM
The pending increase in FHA guarantee
fees pushed applications for government-backed purchase mortgages up 7 percent butt
the overall volume of mo...
Wed, Apr 3 2013, 5:45 PM
Two state's attorneys general have
raised the public profile of their earlier requests that Edward DeMarco, acting
director of the Federal Housing F...
Tue, Apr 2 2013, 11:08 AM
Fannie Mae
reported today that the company had an annual net income of $17.2 billion for FY
2012 compared to a net loss of $16.9 billion in FY 20...
Tue, Apr 2 2013, 11:07 AM
The improving economy is leading to
mixed results for sales of non-owner occupied properties. The National Association of Realtors® (NAR)
reported ...
Tue, Apr 2 2013, 10:30 AM
Mortgage companies saw their average per-loan profits fall in the fourth quarter of 2012 as increasing costs outweighed higher revenues the Mortga...
Mon, Apr 1 2013, 11:05 AM
While a mortgage is a financial contract between a
borrower and a lender, when a foreclosure occurs there are repercussions that
impact parties ext...
Thu, Mar 28 2013, 9:57 AM
A new
report issued today by RealtyTrac says that the U.S. foreclosure inventory has
increased by about 12 percent since May 2012 when it hit a fi...
Thu, Mar 28 2013, 1:21 PM
In
addition to announcing the availability of a new consumer complaint database , Richard Cordray , Director of the Consumer Financial
Protection ...
Thu, Mar 28 2013, 1:18 PM
Starting today consumers will be
able to track complaints about products and services levied by other consumers
against some 450 financial services ...
Thu, Mar 28 2013, 1:14 PM
The
monthly housing commentary published by Fannie Mae's economists noted some
downsides to the market in early 2013.
Housing starts tumbled in ...
Wed, Mar 27 2013, 12:06 PM
Freddie Mac has announced a new Streamlined Modification Program that it says will "open a new gateway to mortgage relief for many of American's stu...
Wed, Mar 27 2013, 12:04 PM
The Federal Housing Finance Agency ( FHFA ) says that Freddie Mac and Fannie Mae (the GSEs) assisted 130,000 homeowners with one or more of their ...
Wed, Mar 27 2013, 10:15 AM
Demand is now pushing at the edges of the supply of available homes according to the National Association of Realtors® (NAR). Limited buyer choices...
Wed, Mar 27 2013, 9:58 AM
Applications for both purchasing and refinancing increased during the week ended March 22 according to information released this morning by the Mortga...
