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...
Tue, Mar 5 2013, 11:55 AM
Today, Fannie Mae announced Servicer Total Achievement and Rewards TM (STAR TM )
Program's Scorecard results for 2012. The program measures servic...
Tue, Mar 5 2013, 11:46 AM
Commercial and multi-family delinquency rates
of 60+ days decreased in the fourth quarter for all five major investor groups that
hold the loans, bu...
Tue, Mar 5 2013, 11:38 AM
"The HPI showed strong growth during the typically slow winter
season," said Mark Fleming, chief economist for CoreLogic. "With these gains,
the hou...
Tue, Mar 5 2013, 10:58 AM
The QM, which was
issued by CFPB on January 10, sets the standard for fully documented and
soundly underwritten mortgage products.
The QRM will de...
Tue, Mar 5 2013, 9:48 AM
Edward J. DeMarco announced that the Federal Housing Finance
Agency plans to establish a new entity, independent of Fannie Mae and Freddie
Mac (GSE...
Tue, Mar 5 2013, 3:24 PM
The Mortgage Bankers Association (MBA) has
reacted harshly to an announcement made yesterday by Edward J. DeMarco, Acting
Director of the Federa...
Fri, Mar 1 2013, 11:06 AM
Freddie Mac's net income increased by 55 percent in the
fourth quarter of 2012 primarily due to a decrease in newly delinquent loans
and an improve...
Fri, Mar 1 2013, 10:05 AM
Reuters is reporting that Bank of
America (BOA) is the subject of yet another investigation. New York State Attorney General Eric
Schneiderman is...
Thu, Feb 28 2013, 10:03 AM
Nearly one million properties that were
either bank-owned (REO) or in some stage of foreclosure sold to new owners in
2012 according to RealtyTrac'...
Thu, Feb 28 2013, 3:27 PM
James McAndrews, Executive Vice
President and Director of Research at the Federal Reserve Bank of New York told
a Household Debt and Credit Press ...
Thu, Feb 28 2013, 2:33 PM
David H. Stevens ,
President & CEO of the Mortgage Bankers Association (MBA), and Gary Thomas ,
President of the National Association of Realtors® ...
Thu, Feb 28 2013, 1:03 PM
Over four million homeowners may be
eligible for compensation for mortgage servicer-related problems under
agreements announced today. The
agreeme...
Wed, Feb 27 2013, 10:39 AM
Pending home sales rose on both a
monthly and an annual basis in January.
The National Association of Realtors® (NAR) which compiled the data said...
Wed, Feb 27 2013, 9:23 AM
The volume of mortgage applications decreased 3.8
percent on a seasonally adjusted basis during the week ended February 22
according to the Mort...
Wed, Feb 27 2013, 3:07 PM
The Hamilton Project, an economic
policy initiative at the Brookings Institution, invited 15 economists of
different philosophies to submit proposal...
Tue, Feb 26 2013, 12:26 PM
New home sales in January jumped to a
seasonally adjusted annual rate of 437,000, a 15.6 percent increase over the
December number of 378,000 and...
Tue, Feb 26 2013, 11:18 AM
U.S. home prices were up 1.4 percent in
the fourth quarter of 2012 compared to the third quarter the Federal Housing
Finance Agency (FHFA) sai...
Tue, Feb 26 2013, 10:27 AM
David M. Blitzer , Chairman of the Index
Committee at S&P Dow Jones said "Home prices ended 2012 with solid
gains . Housing and residential
const...
