Wed, Mar 27 2013, 5:34 PM
The Office of Comptroller of the Currency (OCC) is reporting that the quality of mortgage loans serviced by selected national and federal savings ba...
Wed, Mar 27 2013, 4:03 PM
Pace Harmon an outsourcing advisory services firm, has prepared a memorandum for its clients suggesting strategies to manage forced placed insurance ...
Tue, Mar 26 2013, 10:52 AM
New home sales dropped in February to a seasonally
adjusted annual rate of 411,000 units.
This was down 4.6 percent from the revised rate in Jan...
Tue, Mar 26 2013, 10:39 AM
Average home prices increased in all 20 of
the cities tracked by the S&P/Case-Shiller Home Price Indices over the 12
months ended in January. Each...
Tue, Mar 26 2013, 10:18 AM
The so-called shadow inventory continues
to shrink and is now down 28 percent from its high point in January 2010. According to the January 2013...
Tue, Mar 26 2013, 9:07 AM
Another report, the third in a week, has been issued by the Federal
Housing Finance Agency's (FHFA) Office of Inspector General (OIG). The latest re...
Mon, Mar 25 2013, 3:40 PM
Equity sales , that is sales of
non-distressed properties, now constitute two-thirds of all home sales in California
compared to less than one-hal...
Mon, Mar 25 2013, 1:05 PM
Were mid-level managers who essentially ran mortgage
securitization during the housing boom aware of the systemic risks occurring in
subprime po...
Thu, Mar 21 2013, 12:10 PM
Seventy-five percent of the metropolitan areas tracked by the National Association of Home Builders (NAHB) for the NAHB/First American Improving Mark...
Thu, Mar 21 2013, 12:00 PM
Sales of existing homes and their prices continued to rise in February affirming, according to the National Association of Realtors® (NAR) which rel...
Thu, Mar 21 2013, 11:14 AM
A survey by the National Association of
Home Builders (NAHB) has found that the size of a home preferred by home buyers
varies by age, race, and eth...
Thu, Mar 21 2013, 10:59 AM
The evaluation report released this
morning by the Federal Housing Finance Agency's (FHFA) Office of the Inspector
General (OIG) has triggered a ...
Thu, Mar 21 2013, 9:48 AM
Freddie Macs senior economists Frank E. Nothaft
and Leonard Kiefer said
in the company's March Outlook that "the continued strengthening of the econ...
Thu, Mar 21 2013, 9:36 AM
Freddie Mac owned or guaranteed 10.6 million mortgages
that were being serviced by third parties at the end of 2012. Servicer responsibilities incl...
Thu, Mar 21 2013, 3:57 PM
Residential home
builders are reporting that a lack of available labor is hampering new home
construction the National Association of Home Builder...
Thu, Mar 21 2013, 2:42 PM
The
Center for Responsible Lending (CRL) has issued a critique and analysis of the
February 21 interim report on the National Mortgage Settlement ....
Wed, Mar 20 2013, 12:14 PM
Ellie
Mae's Origination Insight Report for
February noted a distinct drop in the share of loans originated for refinancing
during the month. A...
Wed, Mar 20 2013, 10:16 AM
Freddie Mac has filed a complaint in
federal court in Alexandria, Virginia alleging that 15 banks , including Bank of
America, JP Morgan Chase, UBS...
Wed, Mar 20 2013, 9:22 AM
Applications for refinancing represented
75 percent of all mortgage activity last week compared to 76 percent the week
before according to the Wee...
Wed, Mar 20 2013, 3:27 PM
Representatives Gary Miller (R-CA) and
Carolyn McCarthy (D-NY) have introduced legislation to increase the access of homebuilders
to credit . HR 1...
Wed, Mar 20 2013, 3:16 PM
The Federal
Housing Finance Agency's Office of Inspector General ( FHFA OIG ) released a
report today examining the recent changes to the Preferred ...
Tue, Mar 19 2013, 11:39 AM
Rising home prices lifted 200,000 homes
into a positive equity position in the fourth quarter of 2012. A total of 1.7 million homes regained equit...
Tue, Mar 19 2013, 10:04 AM
Housing permits were issued in February at
a seasonally adjusted annual rate of 946,000, an increase of 4.6 percent from
January and 33.8 percent h...
Tue, Mar 19 2013, 2:56 PM
Default
rates for most types of consumer loans were down slightly in February compared
to January and in every case were substantially below levels...
Tue, Mar 19 2013, 2:54 PM
Edward J. DeMarco , Acting Director of the Federal Housing Finance Agency
(FHFA) told lawmakers on Tuesday that the role of housing finance reform sh...
Mon, Mar 18 2013, 11:41 AM
The National Association of Home Builders (NAHB)/Wells Fargo
Housing Market Index, a measure of home builder confidence , slipped again in
March,...
Mon, Mar 18 2013, 9:26 AM
Nine state attorneys general have sent a
letter to President Obama, Senate Majority Leader Harry Reid and Senate
Minority Leader Mitch McConnell d...
Fri, Mar 15 2013, 4:06 PM
California house prices have now risen
on an annual basis for a full year according to the California Association of
Realtors® ( C.A.R. ). The med...
Thu, Mar 14 2013, 11:20 AM
Foreclosure activity blipped up slightly
in February but continues to recede on a year over year basis. RealtyTrac, the Irvine California firm that...
Thu, Mar 14 2013, 11:19 AM
A bi-partisan group of Senators has
introduced legislation that would prohibit any increase in the guarantee fees
levied by Freddie Mac and Fannie...
Thu, Mar 14 2013, 1:53 PM
The Federal Housing Finance Agency
(FHFA) Office of Inspector General (OIG) has published an evaluation report
detailing Freddie Mac's involvement ...
Thu, Mar 14 2013, 1:24 PM
Representative Bill Huizenga, (R-MI) has introduced HR
1077, a bill To amend the Truth in Lending Act to improve upon the
definitions provided for ...
Wed, Mar 13 2013, 11:53 AM
The Home Affordable Mortgage Refinancing Program ( HARP )
outperformed expectations in 2012 after enhancements to the program in late
2011 increas...
Wed, Mar 13 2013, 9:51 AM
Applications for mortgages decreased as
mortgage interest rates rose to recent highs during the week ended March
8. The Mortgage Bankers Associati...
Wed, Mar 13 2013, 3:13 PM
A
new study has revealed some apparent differences in the success rate of female and
male mortgage applicants .
The Woodstock Institute, a non-...
Wed, Mar 13 2013, 2:58 PM
HOPE NOW reports that its members
completed 78,397 permanent loan modifications during the month of January and 29,244 short sales .
The volunt...
Tue, Mar 12 2013, 12:40 PM
The Federal Housing Finance Agency's (FHFA)
Office of the Inspector General (OIG) has issued a white paper detailing how
FHFA manages the interest ...
Tue, Mar 12 2013, 10:34 AM
VantageScore Solutions is releasing a new credit scoring
model which it says will enable lenders and others using the system to pull
scores on 27...
Tue, Mar 12 2013, 4:42 PM
Representative
Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee sent
a letter to Federal Reserve Board Chairman Ben Bern...
Mon, Mar 11 2013, 10:24 AM
Bank of America/Merrill
Lynch said the
initial headlines about the new entity aroused fears that there might be a near-term phase-out
of existing a...
Mon, Mar 11 2013, 1:29 PM
Risk profiling of mortgage license holders was one of the
focuses of 2012 activity by the Multi-State Mortgage Committee (MMC) of the Conference
...
Mon, Mar 11 2013, 1:09 PM
Federal Reserve Board Governor Elizabeth A. Duke strongly
endorsed the Board's current monetary policy in a speech to the Mortgage
Bankers Associa...
Fri, Mar 8 2013, 12:26 PM
The three major private mortgage
insurers participated in the modification of 5,791 mortgages through the Home
Affordable Modification Program (...
Fri, Mar 8 2013, 11:08 AM
According to the Wall Street Journal , Senator Ron Wyden (D-OR) has sent a letter to
the Department of Justice requesting an investigation of Len...
Fri, Mar 8 2013, 9:38 AM
The Federal Reserve has completed its
third round of stress tests of American banks.
The tests originated in 2009 in the midst of the financial c...
Fri, Mar 8 2013, 4:06 PM
The
U.S. Department of Housing and Urban Development (HUD) and the U.S. Department
of the Treasury today released the February edition of the Obama
...
Thu, Mar 7 2013, 11:55 AM
"Despite fiscal headwinds and political
uncertainty, consumer sentiment toward housing is robust and continues to
gather strength," said Doug Dun...
Thu, Mar 7 2013, 3:57 PM
The Lender Processing Services (LPS)
Mortgage Monitor for January which was released on Thursday takes a detailed
look at what it calls the "Time to...
Wed, Mar 6 2013, 10:31 AM
The growth of foreign-born households accounted for
a major share of the growth in homeownership in many states over the first
decade of the centu...
Wed, Mar 6 2013, 10:08 AM
Both mortgage applications and
interest rates moved sharply during the week ended March 1. The Mortgage Bankers Association (MBA)
reported th...
