Tue, Feb 26 2013, 2:53 PM
Federal Deposit Insurance Corporation
(FDIC) insured commercial banks and savings institutions posted an aggregate
net income of $34.7 billion in th...
Tue, Feb 26 2013, 2:34 PM
Richard Cordray , Director of the Consumer
Financial Protection (CFPB) told the National Association of Attorneys General
that, since he last spoke ...
Mon, Feb 25 2013, 11:46 AM
NMLS has reported that 120,142
individuals are now licensed by the states as mortgage loan originators (MLOs)
as are 16,688 companies. NMLS's F...
Mon, Feb 25 2013, 3:01 PM
A bi-partisan group of former senators,
Cabinet secretaries, and other housing and economic experts have released what
is termed a new proposal for...
Thu, Feb 21 2013, 11:09 AM
Fannie Mae's economists said on Thursday that, despite the feeble note on which 2012 ended, the economy has the building blocks, including housing, f...
Thu, Feb 21 2013, 10:22 AM
Calling the current residential
appraisal system " impaired ," the National Association of Homebuilders
( NAHB ) has issued a white paper recommendi...
Thu, Feb 21 2013, 4:31 PM
The five mortgage servicers involved in
last year's $25 billion settlement over servicer errors and abuses have now
distributed an average of $82,...
Thu, Feb 21 2013, 4:11 PM
Mortgage delinquency rates fell in the fourth quarter of 2012 to their
lowest rates since 2008. According to
data from the National Delinquency Su...
Thu, Feb 21 2013, 2:16 PM
The National Association of Realtors®
(NAR) said today that a sellers' market is developing in real estate as home sales
edge up and home prices c...
Wed, Feb 20 2013, 11:59 AM
The share of refinancing relative to all mortgage originations increased
sharply in January, rising from 69 percent the previous month to 73 percen...
Wed, Feb 20 2013, 11:41 AM
The Department of Housing and Urban
Development (HUD) and the Census Bureau said this morning that permits for
residential construction were issue...
Wed, Feb 20 2013, 8:27 AM
Mortgage application volume dropped
again during the week ended February 15.
The Mortgage Bankers Association reported this morning that its Mar...
Tue, Feb 19 2013, 11:05 AM
According to the National
Association of Home Builders (NAHB), its NAHB/Wells Fargo Housing Market Index
(HMI) for February was virtually unchange...
Tue, Feb 19 2013, 10:58 AM
Three researchers have looked at private label residential mortgage-backed securities sold to investors in 2007 and concluded there was substantial...
Tue, Feb 19 2013, 3:16 PM
Just a little over a year after the Home
Affordable Refinance Program (HARP) was substantially revised into HARP 2.0 it
has reached nearly as many h...
Fri, Feb 15 2013, 10:04 AM
Three
of the senators who helped frame parts of the Dodd-Frank Wall Street
Reform and Consumer Protection Act in 2010 have again written to financia...
Thu, Feb 14 2013, 11:04 AM
Foreclosure
activity in much of the nation now appears to be accelerating downward,
dropping 7 percent in a single month according to RealtyTrac....
Thu, Feb 14 2013, 4:30 PM
Even with the
unexpected decline in the Gross Domestic Product (GDP) in the fourth quarter of
2012, Freddie Mac's chief economist Frank
E. Notha...
Wed, Feb 13 2013, 8:37 AM
As rates rose the volume of mortgage
applications fell during the week ended February 8 according to the Mortgage
Bankers Association's (MBA) Week...
Wed, Feb 13 2013, 4:05 PM
NAHB
Chairman Rick Judson said the
nation's home builders were very pleased to hear President Obama acknowledge the
extremely tight mortgage credi...
Wed, Feb 13 2013, 3:43 PM
On Wednesday the
House Financial Services Committee held a second in a scheduled series of hearings to look
into the financial condition of the Fed...
Wed, Feb 13 2013, 3:18 PM
The
Consumer Financial Protection Bureau ( CFPB ) today announced five steps it will
take to assist the mortgage industry to comply with new consu...
Wed, Feb 13 2013, 2:43 PM
A consortium of consumer advocates is criticizing a recent decision by the
Federal Housing Finance Agency (FHFA) regarding Fannie Mae's attempt to ...
Tue, Feb 12 2013, 10:22 AM
TransUnion said today that the serious mortgage
delinquency rate is heading downhill at a quickening pace, however long term
delinquencies and the...
Tue, Feb 12 2013, 5:37 PM
Freddie Mac borrowers who refinanced
in the fourth quarter of 2012 overwhelmingly picked a fixed rate mortgage (FRM)
and 27 percent of them chose ...
Tue, Feb 12 2013, 3:29 PM
The
credit reporting industry's trade group, the Consumer Data Industry Association
(CDIA) is vigorously disputing much of a CBS 60 Minutes (w...
Mon, Feb 11 2013, 12:12 PM
Citing the overhang of distressed homes as a major stumbling block to recovery, a Nevada official is proposing a new program for reducing it. Accor...
Mon, Feb 11 2013, 11:42 AM
HOPE NOW , the voluntary, private
sector alliance of mortgage servicers, investors, mortgage insurers and non-profit
counselors, has now helped over...
Mon, Feb 11 2013, 11:04 AM
Home
prices in the fourth quarter of 2012 showed a rate of annual appreciation
greater than in any quarter since the end of 2005 the National Ass...
Mon, Feb 11 2013, 10:56 AM
This is the second of two installments ( part 1 )
summarizing a seminar given by Ballard Spahr, a national law firm, to explain
the possible ramific...
Mon, Feb 11 2013, 2:23 PM
A recent
spate of large loan servicing transfers has prompted the Consumer Financial
Protection Bureau ( CFPB ) to issue a bulletin advising servi...
Fri, Feb 8 2013, 12:28 PM
Ballard Spahr , a national law firm conducted
a web seminar this week to explain the possible ramifications of a recent Appeals
Court ruling inv...
Fri, Feb 8 2013, 4:11 PM
The
U.S. Department of Housing and Urban Development (HUD) and the U.S. Department
of the Treasury today released the January edition of the Obama
...
Thu, Feb 7 2013, 12:52 PM
Forty-five Democratic members of the
House of Representatives have sent a letter to President Obama urging him to
appoint a permanent director to ...
Thu, Feb 7 2013, 11:11 AM
"The housing market continues to firm, with
consumer home price expectations for both rental and ownership properties near
the strongest levels that...
Thu, Feb 7 2013, 10:37 AM
On
Wednesday the House Financial Services Committee held the first of a scheduled series
of hearings on the financial condition of the Federal Hous...
Thu, Feb 7 2013, 7:16 PM
Two U.S. Senators have reintroduced
legislation to help homeowners refinance into lower interest mortgages . The bill,
T he Responsible Homeowne...
Thu, Feb 7 2013, 1:34 PM
The Consumer Financial Protection Bureau
(CFPB) has teamed up with the City of Newark to provide an immediate and
accessible conduit for consumer co...
Thu, Feb 7 2013, 1:30 PM
More than one-third of the houses purchased in
California in 2012 were all-cash sales , a record for such transactions. DataQuick said today that...
Wed, Feb 6 2013, 12:00 PM
"The fact that all 50 states now
have at least one metro on the improving list shows that the housing recovery
has substantial momentum and contin...
Wed, Feb 6 2013, 8:17 AM
After decreasing during the holiday
shortened week ended January 25 the pace of mortgage applications returned last
week to the upward track it ha...
Wed, Feb 6 2013, 5:06 PM
PNC
Mortgage has settled a suit brought by the Department of Housing and Urban
Development ( HUD ) for alleged discrimination.
The suit charges...
Tue, Feb 5 2013, 12:03 PM
The Department of Justice (DOJ) has
released details of the suit it has filed against Standard and Poor's (S&P)
Ratings Services and its parent ...
Tue, Feb 5 2013, 10:58 AM
Home prices in December posted the largest annual increase in
nearly seven years according to CoreLogic's Home Price Index (HPI) report. December...
Tue, Feb 5 2013, 10:10 AM
The U.S. Department of Justice (DOJ) filed
suit yesterday against Standard & Poor's and its parent McGraw-Hill
Companies over alleged illegal behavi...
Tue, Feb 5 2013, 9:59 AM
Senate Republicans have fired the first
two shots in a renewed battle over the Consumer Financial Protection Bureau
( CFPB ). President Barack Obam...
Tue, Feb 5 2013, 3:42 PM
Two members of the Senate Banking Committee have introduced legislation which, if enacted, would severely restrict activities of the Federal Reserve ...
Mon, Feb 4 2013, 9:26 AM
Wells Fargo ranks as the largest
servicer, by dollar volume, of commercial and multifamily mortgages according
to a new report from the Mortgage ...
Mon, Feb 4 2013, 5:39 PM
Small numbers of domestic banks responded to the Federal
Reserve's January survey of senior loan officers with
indications that they have eased th...
Fri, Feb 1 2013, 11:53 AM
CoreLogic presented more evidence today
that the foreclosure epidemic in the U.S., while still a serious concern, is
rapidly improving . There wer...
