Wed, Apr 10 2013, 2:49 PM
The House Financial Services
Subcommittee heard testimony today from housing industry leaders on
congressional efforts to reform the Federal Housin...
Thu, Apr 4 2013, 3:35 PM
A New York mortgage company has been sued by the U.S.
Department of Justice (DOJ) for alleged fraud against the Federal Housing
Administration (FHA...
Wed, Apr 3 2013, 9:36 AM
The pending increase in FHA guarantee
fees pushed applications for government-backed purchase mortgages up 7 percent butt
the overall volume of mo...
Tue, Apr 2 2013, 5:04 PM
In 1981 Jimmy Carter handed the reins to Ronald Reagan. The prime rate hit 20.5% , and yes, people still bought houses. (It has been at 3.25% for the...
Thu, Feb 28 2013, 3:45 PM
I continue to see concerns in the market about the fate of "affiliate relationships" in a QM world, especially in regard to builder/lenders. (Remem...
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® ...
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 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...
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, Jan 31 2013, 3:32 PM
Detroit...near bankruptcy ? But many areas are doing well. As housing in established urban neighborhoods becomes ever rarer and more expensive, buyer...
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 ...
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...
Mon, Dec 31 2012, 9:56 AM
The Senate
has confirmed Carol Galante as head of the Federal Housing Administration (FHA). The confirmation will remove the term "acting"
from h...
Thu, Dec 20 2012, 10:36 AM
Well, here is some interesting news for taxpayers, as if we don't have
enough: Fannie & Freddie may have lost $3 billion due to LIBOR fixing by
ba...
Wed, Dec 19 2012, 2:15 PM
The authors of a study just released by the University of
North Carolina's Center for Community Capital suggest that the current condition
of the Fe...
Tue, Dec 18 2012, 5:10 PM
Apparently fearful of another bail out,
six Republican members of the House Financial Services Committee sent a letter
to the Obama Administration...
Fri, Dec 14 2012, 2:36 PM
According
to the American Enterprise Institute, the Federal Housing Administration (FHA
is engaging in practices that are resulting in a high propor...
Wed, Nov 28 2012, 10:19 AM
In ancient days, when mortgage rates were different for various areas
around the country and people relied on carbon paper and Fannie gold book
am...
Mon, Nov 19 2012, 10:41 AM
"Be good to your neighbor - they know where you live!" The Pilgrims did
not have many neighbors, but in the in the fall of 1621 they held a three-day...
Fri, Nov 16 2012, 10:24 AM
Why fit in when you're born to stand out? I remember when every computer
had McAfee anti-virus software - it stood out. This has nothing to do with
...
Fri, Nov 16 2012, 1:33 PM
The U.S. Department of Housing and
Urban Development (HUD) said today that the capital reserve ratio of the Federal
Housing Administration's (FHA) M...
Thu, Nov 15 2012, 9:44 AM
The median age of a Realtor is 56 - as in "fifty six."
I...
Thu, Nov 1 2012, 8:39 AM
The Federal
Reserve's Senior Loan Officer Opinion Survey on Bank Lending Practices asked lending officers from 64 institutions for
information on ...
Sat, Oct 27 2012, 8:22 AM
I confess that I own three type writers: the first helped my Mom at
Stanford in the 1940's, the second I used to teach myself how to type while in
h...
Tue, Sep 25 2012, 9:50 AM
Here is a story that attracts some notice: "Toys R Us said it will hire
45,000 seasonal employees across the United States to cope with the upcoming
...
Mon, Sep 24 2012, 11:31 AM
Welcome to the first business day since the autumn equinox. This is the
day when the tilt of the earth's rotational axis is perfectly perpendicular t...
Thu, Sep 20 2012, 1:19 PM
Misuse of the FHA Preforeclosure Sale
Program may have cost the Department of Housing and Urban Development (HUD)
over a billion dollars for ...
Tue, Sep 11 2012, 3:40 PM
The House passed the Federal Housing
Administration Fiscal Solvency Act Tuesday by a vote of 407 to 7. The act, as introduced by Representative Ju...
Tue, Aug 14 2012, 10:27 AM
A new face-to-face counseling
requirement for seniors seeking a reverse mortgage loan is no longer operative in
Massachusetts after surviving on...
Thu, Aug 9 2012, 12:48 PM
The one-to-four family residential
delinquency rate shot up 18 basis points during the second quarter to a seasonally
adjusted rate of 7.58 percent ...
Fri, Aug 3 2012, 12:09 PM
FHA lenders in Massachusetts have a new
set of rules governing the writing of reverse mortgages. As of right now, however, there is no clear
inform...
Wed, Jul 18 2012, 1:19 PM
The application process will begin today
for bidders to purchase approximately 9,000 loans that are in process to become
FHA owned real estate (RE...
Thu, Jul 5 2012, 10:32 AM
This is 70 seconds of "head shaking, jaw dropping," why one
should never bet on cards .
Many of us enjoyed a little BBQ grub yesterday. For the...
Tue, Jun 26 2012, 10:28 AM
A Florida loan officer has been
sentenced to four-and-a-half years in prison and ordered to pay $9.2 million in
restitution to the Department of...
Tue, Jun 26 2012, 8:54 AM
President Obama just played his 100th round of golf since being elected
President. In 4 years he has gone through more white tees than the cast of Je...
Mon, Jun 25 2012, 2:17 PM
The American Enterprise Institute's
(AEI) FHA Watch , a monthly on-line
publication tracking operations of the housing agency, just released its si...
Thu, Jun 21 2012, 10:39 AM
Mortgage rates are low.
But volume is a problem.
Raise our margins now!
(See Miss Hickox? Your 7th grade haiku section really paid off!) ...
Wed, Jun 20 2012, 10:16 AM
Mortgage application volume
during the week ended June 15 fell back only slightly from the 18 percent gain
it scored a week earlier. The Mortgage Ba...
Tue, Jun 19 2012, 10:29 AM
Do we really need Congress writing or approving the industry's disclosure
forms? Can't it pick on the rental car agreement forms that no one reads,...
Mon, Jun 18 2012, 10:03 AM
Don't do the crime if you can't do the time. Another ex-exec (the CFO) at
Taylor Bean Whittaker is now going to prison for five years.
Rates ar...
Sat, Jun 16 2012, 1:30 PM
The lender/investor/M&A/vendor/training/conference updates
keep coming. As always, it is best to read the actual bulletin, but these
recent notes ...
Thu, Jun 14 2012, 9:58 AM
Regardless of size, regardless of defense, regardless of current QC
measures, buybacks are an issue at every level. PNC , #17 lender by
volume in t...
Fri, Jun 8 2012, 5:27 PM
Acting
Federal Housing Finance Agency (FHA) Commissioner Carol Galante and Housing and
Urban Development (HUD) Secretary Shawn Donovan announced lat...
Fri, Jun 8 2012, 3:33 PM
The Federal Housing Finance Agency (FHA)
is expected to announce before the close of business today a new bulk sale
program to liquidate some of t...
Fri, Jun 1 2012, 10:03 AM
The performance of FHA loans dominates the April Mortgage Monitor report released Thursday by Lender Processing Services (LPS). While GSE and private...
Tue, May 22 2012, 9:35 AM
Pick an
overwhelming percentage, like 80 or 90%. Remember when residential loan
production wasn't "that" percent agency? Non-agency loans are still ...
Wed, Apr 11 2012, 10:15 AM
Multi-family mortgages led commercial loan originations in 2011, accounting for $77.4 billion of the $184.3 billion closed commercial and multi-famil...
Fri, Mar 30 2012, 9:41 AM
What is
more fun to talk about, the latest CFPB power grab, an investor changing its
appraisal review process, or the 42-state Mega Millions lottery...
Thu, Mar 29 2012, 9:11 AM
In a posting on the Department of Housing and Urban Development's official blog The HUDdle, Acting FHA Commissioner Carol Galante responded to discu...
Wed, Mar 21 2012, 10:39 AM
Yesterday
the commentary discussed rotary phones and mobile phone banking . And last week
the Federal Reserve Board launched its Twitter channel, @...
