Tue, Sep 4 2012, 2:59 PM
Freddie Mac has authorized its mortgage servicers to
extend all of the company's mortgage relief options to its borrowers along the
Gulf Coast affec...
Fri, Aug 31 2012, 11:36 AM
Fannie Mae reduced its Gross Mortgage
Portfolio by $5.86 billion during July to $667 billion and is reducing that
portfolio at a compound annualiz...
Fri, Aug 31 2012, 11:23 AM
Fannie Mae and Freddie Mac's guarantee
fees (g-fees) on single-family mortgages are about to go up by an average of 10
basis points. The increa...
Thu, Aug 30 2012, 11:50 AM
Mortgage bankers saw
their profits surge during the second quarter of 2012, increasing from $1,654 on
each loan originated in the first quarter of...
Thu, Aug 30 2012, 8:35 AM
Foreclosed and pre-foreclosed homes
maintained their position as the source of over a fifth of U.S. home sales in
the second quarter of 2012. Twe...
Thu, Aug 30 2012, 2:04 PM
Delinquency rates for commercial and
multi-family mortgages continued to rise in CMBS portfolios during the second
quarter of 2012 and now stand a...
Wed, Aug 29 2012, 10:47 AM
Pending home sales rose to the highest
level in over two years last month according to the Pending Home Sales Index
for July released by the Nationa...
Wed, Aug 29 2012, 10:35 AM
While applications for purchase mortgages rose
slightly during the week ended August 24 it wasn't enough to compensate for the
drop in refinancing a...
Wed, Aug 29 2012, 4:46 PM
First lien mortgage debt decreased
substantially during the second quarter of 2012, bringing overall household
indebtedness down by $53 billion co...
Wed, Aug 29 2012, 4:06 PM
Joseph A. Smith, Monitor of the National
Mortgage Servicing Settlement issued a progress report on Wednesday. Smith, former North Carolina Banking...
Tue, Aug 28 2012, 11:46 AM
While the gains were modest, all three
major S&P Case-Shiller Home Price Indices ended the second quarter of 2012
with positive annual growth ra...
Tue, Aug 28 2012, 11:21 AM
CoreLogic's July National
Foreclosure Report , released today, reported completed foreclosures
during the month totaled 58,000 compared to 62,0...
Fri, Aug 24 2012, 11:18 AM
Massachusetts Attorney General Martha
Coakley told Freddie Mac and Fannie Mae (the GSEs) on Thursday that they must conform
to a new state mor...
Fri, Aug 24 2012, 4:50 PM
Bank of America has committed to provide
1,000 homes over a three year period to local agencies and non-profit
organizations working with injured...
Thu, Aug 23 2012, 11:57 AM
New home sales rose in July to a
seasonally adjusted annual rate of 372,000 units. According to a joint release from the U.S.
Census Bureau and th...
Thu, Aug 23 2012, 3:08 PM
House prices increased 1.8 percent from
the first quarter of 2012 to the second the Federal Housing Finance Agency
( FHFA ) said today. The Agen...
Thu, Aug 23 2012, 2:53 PM
The Federal Reserve Bank of New York
today marked the end of its financial involvement with American International Group
( AIG ) which began in 20...
Thu, Aug 23 2012, 2:51 PM
Fannie Mae announced on Thursday that 22
of its servicers had produced results in its Servicer Total Achievement and
Rewards TM (STAR) Program for ...
Wed, Aug 22 2012, 12:09 PM
Sales
of existing homes increased nationally in July to a seasonally adjusted annual
rate of 4.47 million units . This is an
increase of 2.3 per...
Wed, Aug 22 2012, 10:44 AM
Toll Brothers, a home building company
active in 20 states, buoyed Wall Street on Wednesday with a quarterly report
that also gave the housing indus...
Wed, Aug 22 2012, 8:44 AM
Rising interest rates dragged
refinancing applications down 9 percent during the week ended August 17
according to the Mortgage Bankers Associat...
Tue, Aug 21 2012, 12:01 PM
Default rates for most types of consumer
loans continued to ease during July according to the S&P/Experian Consumer
Credit Default Indices released...
Tue, Aug 21 2012, 3:48 PM
The Federal Housing Finance Agency
( FHFA ) announced today that Freddie Mac and Fannie Mae (the GSEs) are revising
their short sale guidelines...
Fri, Aug 17 2012, 11:38 AM
In
a move that virtually ends any hope that Freddie Mac and Fannie Mae will return
to viability, the Department of the Treasury and the Federal ...
Fri, Aug 17 2012, 10:30 AM
The number of companies and mortgage
loan originators (MLOs) licensed through the National Mortgage Licensing System
(NMLS) increased by 6 percen...
Fri, Aug 17 2012, 10:09 AM
The Financial Crimes Enforcement Network ( FinCen )
issued an advisory aimed at helping residential mortgage loan originators
(RMLO) and non-bank ...
Fri, Aug 17 2012, 7:02 PM
New regulations were introduced today by
the Consumer Financial Protection Bureau
( CFPB ) intended to bring greater accountability to the mortgag...
Thu, Aug 16 2012, 10:39 AM
Overall, residential construction
continued to improve in July, although the component numbers on permits,
starts, and completions continue to more ...
Thu, Aug 16 2012, 1:20 PM
An agency set up by county officials in
San Bernardino County, California were scheduled to meet Thursday morning to
determine whether the county ...
Thu, Aug 16 2012, 1:13 PM
Permits for remodeling were down six
percent in June from one month earlier BuildFax said this morning. Remodels authorized by permit in the U.S.
...
Wed, Aug 15 2012, 12:30 PM
Fifty-eight
percent of mortgages that closed in July were loans for the purpose of
refinancing , up from 54 percent in June according to Ellie Mae'...
Wed, Aug 15 2012, 11:44 AM
Builder confidence as measured by the National
Association of Home Builders ( NAHB )/Wells Fargo Housing Market Index ( HMI )
increased for the fou...
Wed, Aug 15 2012, 10:20 AM
The volume of mortgage applications for
both purchasing and refinancing fell last week according to the Mortgage
Bankers Association's (MBA) Weekl...
Wed, Aug 15 2012, 2:23 PM
Six principal regulators of banks and credit unions have issued proposed rules
to establish a new appraisal requirement for "higher-risk mortgage lo...
Tue, Aug 14 2012, 12:54 PM
The Securities and Exchange Commission
(SEC) has just charged that during an eight month period in 2007 a subsidiary
of Wells Fargo and one of its...
Tue, Aug 14 2012, 12:48 PM
Housing affordability dipped slightly
during the second quarter according to the National Association of Home
Builders (NAHB)/Wells Fargo Housing O...
Tue, Aug 14 2012, 11:55 AM
HOPE NOW facilitated mortgage
modifications now total over 5.6 million since the program began in 2007
according to information released by the p...
Tue, Aug 14 2012, 11:33 AM
Ninety-five percent of homeowners who
refinanced through Freddie Mac in the second quarter of 2012 chose a fixed rate
mortgage (FRM) according t...
Tue, Aug 14 2012, 10:32 AM
Americans opened new credit card
accounts at an increased rate during the second quarter of 2012. The balances on those cards however remained near
...
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...
Mon, Aug 13 2012, 5:28 PM
Both Fitch Ratings and the Mortgage
Bankers Association have reacted to the Consumer Financial Protection Bureau's (CFPB)
proposed rules for mortga...
Fri, Aug 10 2012, 10:19 AM
The
Consumer Financial Protection Bureau (CFPB) is requesting comments on two sets
of proposed rules governing the operation of mortgage servicers ...
Fri, Aug 10 2012, 1:41 PM
Peer-to-peer lending is hardly a new
concept but it went high-tech in 2005 when Prosper.com opened a market place to
link people who had money with ...
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 ...
Thu, Aug 9 2012, 9:48 AM
Foreclosure activity appears to finally
be on a downward track, although the road is still a rough one in many states. The RealtyTrac U.S. Foreclo...
Thu, Aug 9 2012, 9:32 AM
Despite what it termed "decidedly good
news over the past quarter" regarding house prices, Frank Nothaft, Chief
Economist of Freddie Mac said today ...
Wed, Aug 8 2012, 12:23 PM
The second quarter saw the second
consecutive decline for serious (over 60 days) mortgage delinquencies which
stood at 5.49 percent at the end of ...
Wed, Aug 8 2012, 9:28 AM
The volume of mortgage applications both
for purchasing and refinancing declined slightly during the week ended August
3. The Mortgage Bankers ...
Wed, Aug 8 2012, 3:28 PM
The Federal Housing Finance Agency (FHFA)
will post a notice in the Federal
Register on Thursday announcing that it was open to input from any per...
Wed, Aug 8 2012, 3:25 PM
Fannie Mae joined Freddie Mac this
morning in declaring an increased second quarter profit and announcing it would
not request a draw from the ...
