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...
Fri, Feb 1 2013, 8:24 AM
Fannie Mae said
on Thursday that its Book of Business declined at a compound annual rate of 4.8
percent in December to a value of $3.19 trillion c...
Thu, Jan 31 2013, 11:13 AM
The December Mortgage Monitor
report released by Lender Processing Services and covering performance data for
the full 2012 calendar year , found t...
Thu, Jan 31 2013, 9:55 AM
Lender
Processing Services will pay an aggregated sum of $127 million to
resolve suits with 46 states and the District of Columbia arising out of...
Thu, Jan 31 2013, 9:50 AM
RealtyTrac, the Irvine, California firm that tracks
foreclosure activity nationwide, reports that foreclosure activity increased
last year in 57 ...
Thu, Jan 31 2013, 3:21 PM
Homeowners
whose homes were damaged by the late October super-storm Sandy are getting an
extension of the mortgage relief extended immediately a...
Wed, Jan 30 2013, 9:46 AM
After a strong showing in the first few
weeks of the New Year, mortgage applications dropped sharply during the week
ended January 25. The Mortga...
Wed, Jan 30 2013, 3:15 PM
Federal Housing Administration
Commissioner Carol Galante has just announced several significant changes to
FHA requirements, processes, and fees ...
Tue, Jan 29 2013, 10:43 AM
The S&P/Case Shiller Home Price Indices posted
another set of strong and broad-based annual increases in November 2012. Data released today shows ...
Tue, Jan 29 2013, 9:15 AM
Freddie Mac and Fannie Mae have written a new escape
clause into servicing regulations for homeowners who are both underwater and
struggling to meet...
Mon, Jan 28 2013, 10:49 AM
Even though contract signings declined
in December it was the 20 th straight month where pending home sales increased
on an annual basis. The Na...
Mon, Jan 28 2013, 3:02 PM
The managing director of the mortgage-backed securities (MBS) desk at
Jefferies and Co. has been charged with fraud for allegedly lying about the...
Fri, Jan 25 2013, 11:02 AM
Sales of new
homes fell in December, down 7.3 percent from November to a seasonally adjusted
annual rate of 369,000. This is 8.8
percent higher...
Fri, Jan 25 2013, 9:34 AM
Eminent Domain
is no longer under consideration as a mortgage modification tool in San
Bernardino County California . The County
and two of its ...
Fri, Jan 25 2013, 1:50 PM
The U.S. Court of Appeals for the District of
Columbia just ruled that three recess appointments made by President Barack
Obama last year are con...
Thu, Jan 24 2013, 12:31 PM
The Joint Center for Housing Studies at Harvard University released this week a major report on the home remodeling industry . The U.S. Housing St...
Thu, Jan 24 2013, 11:28 AM
The economists
at Fannie Mae released their first economic forecast of 2013 and introduced their
theme for the New Year, " Transition to Normal ...
Thu, Jan 24 2013, 2:26 PM
President Obama
has named Mary Jo White to head the Securities and Exchange Commission (SEC) and
reappointed Richard Cordray as Director of the Co...
Thu, Jan 24 2013, 2:06 PM
It appears that one of the nation's largest and most
troubled housing markets is getting back to normal. According to data released by DataQuick, No...
Wed, Jan 23 2013, 10:29 AM
House prices
increased nationally by 0.6 percent from October to November on a seasonally
adjusted basis according to the Federal Housing Finance A...
Wed, Jan 23 2013, 10:02 AM
Three economists
told attendees at the International Builders Show that the housing market
should continue to improve on an accelerating basis in 2...
Wed, Jan 23 2013, 9:44 AM
Lender
Processing Services has provided advanced highlights of data being prepared for
its Monthly Monitor for December. The Monitor ,
which wi...
Wed, Jan 23 2013, 9:20 AM
The Mortgage
Composite Index, a measure of mortgage loan application volume , was up
significantly during the week ended January 18, its second str...
Wed, Jan 23 2013, 1:35 PM
In this third installment summarizing a Getting on the Right Track: Improving Low-Income and Minority Access to Mortgage Credit after the Housing Bust...
Tue, Jan 22 2013, 11:28 AM
Existing homes sold
in December at a seasonally adjusted annual rate of 4.94 million homes according
to the National Association of Realtors®.
Th...
Tue, Jan 22 2013, 9:46 AM
In a recent paper entitled, Getting
on the Right Track: Improving Low-Income and Minority Access to Mortgage Credit
after the Housing Bust the H...
Tue, Jan 22 2013, 3:50 PM
A senator has
asked federal banking regulators to simplify and align underwriting standards
for so-called Qualified Residential Mortgages (QRM) ...
Tue, Jan 22 2013, 1:20 PM
The Harvard Joint Center of Housing Studies recently released a study on the impact of the housing crisis on low-income and minority communities a...
Fri, Jan 18 2013, 4:01 PM
The fourth and last of the final regulations
coming from the Consumer Financial Protection Bureau under the Dodd-Frank Wall
Street Reform and Financ...
Fri, Jan 18 2013, 1:09 PM
Eighteen months after the Dodd-Frank Wall Street Reform
and Consumer Protection Act was passed, the rules shaping its implementation
have begun to r...
Thu, Jan 17 2013, 12:16 PM
Permits for construction of privately owned housing units increased
slightly in December while housing starts had a stronger showing according to
d...
Thu, Jan 17 2013, 11:32 AM
In remarks to a Mortgage Servicing Field Hearing this morning, Richard Cordray, Director of the Consumer Financial
Protection Bureau (CFPB), announc...
Thu, Jan 17 2013, 10:32 AM
There
were a total of 2,304,941 foreclosure filings in the United States in 2012
affecting 1,836,634 properties or one in every 72 residential u...
