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...
Thu, Jan 17 2013, 1:29 PM
Negative and near-equity numbers in the
U.S. are diminishing steadily according to data released today by CoreLogic but
still affects more than a...
Wed, Jan 16 2013, 12:34 PM
Freddie Mac said today that initial
rates on adjustable rate mortgages (ARMs) are at the lowest recorded levels in
the 29 year history of its AR...
Wed, Jan 16 2013, 11:07 AM
Following eight consecutive months of
increases the National Association of Home Builders (NAHB)/Wells Fargo Housing
Market Index (HMI) held ste...
Wed, Jan 16 2013, 9:22 AM
Applications for mortgages increased
substantially during the week ended January 11 as purchase applications soared
to their highest levels in ne...
Wed, Jan 16 2013, 5:05 PM
David H. Stevens , President and
CEO of the Mortgage Bankers Association (MBA) , told member of the Exchequer Club on Wednesday
that in the 12 mon...
Tue, Jan 15 2013, 10:29 AM
Home prices increased on a year-over-year basis for the
ninth consecutive month according to the CoreLogic Home Price Index (HPI)
released today....
Tue, Jan 15 2013, 10:02 AM
Seven bankers have been indicted by a
federal grand jury of conspiring to defraud their Georgia bank. The thirty-five count indictment named the f...
Tue, Jan 15 2013, 4:47 PM
Freddie
Mac's monthly economic outlook commentary for January looks principally
at consumer attitudes which it says have remained "fairly resilient...
Tue, Jan 15 2013, 2:32 PM
Increased
mortgage defaults pushed the overall consumer default rate up in December for
the third consecutive month. The
national S&P Experian C...
Mon, Jan 14 2013, 2:21 PM
Another city hard hit by the housing
crisis has proposed exercising its power of eminent domain on behalf of its
underwater homeowners. The City ...
Fri, Jan 11 2013, 12:36 PM
Wells
Fargo reported today that its fourth quarter and full 2012 net income set new
record highs . Fiscal Year 2012 earnings
were $18.9 billion;...
Fri, Jan 11 2013, 4:36 PM
The
U.S. Department of Housing and Urban Development (HUD) and the U.S. Department
of the Treasury today released the December edition of the Obama
...
Thu, Jan 10 2013, 10:09 AM
Despite the concern over the last few
years about the number of homeowners who owe more on their mortgages than their
homes are worth, it turns out ...
Thu, Jan 10 2013, 7:51 AM
The final rule to implement those parts of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act relating to consumers ability to repay h...
Thu, Jan 10 2013, 2:09 PM
Many industry groups have commented this morning on the final Qualified
Mortgage/Ability to Repay rule issued today by the Consumer Financial
Pr...
Wed, Jan 9 2013, 12:05 PM
Even though home prices have been
rising, the National Association of Realtors® (NAR) said today that 2012 appears primed to set a
record for h...
Wed, Jan 9 2013, 9:47 AM
Despite the shorter holiday week,
mortgage applications rose 11.7 percent on a seasonally adjusted basis during
the week ended January 4 and 49 pe...
Tue, Jan 8 2013, 10:46 AM
Home-shopping
consumers are not only exponentially increasing their reliance on the Internet
but are also developing distinct patterns for using i...
