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...
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 ...
