Tue, Aug 7 2012, 12:25 PM
MetLife, Inc. has agreed to pay $3.2
million to the Federal Reserve as a monetary sanction for failing to adequately
oversee operations of its sub...
Tue, Aug 7 2012, 11:41 AM
CoreLogic reported this morning that
June home prices nationwide were up 2.5 percent compared to those one year
earlier. The company's Home Pric...
Tue, Aug 7 2012, 11:01 AM
Freddie Mac announced this morning that it will not require
any infusion of cash from the U.S. Treasury following its profitable second
quarter op...
Tue, Aug 7 2012, 4:18 PM
Refinancing through the revised Home Affordable Refinancing
Program (HARP 2.0) grew to a 33 percent share of all Fannie Mae and Freddie Mac
refinanc...
Tue, Aug 7 2012, 3:16 PM
Results
of the Federal Reserve's July Senior
Loan Officer Opinion Survey on Bank Lending Practices were released on
Tuesday. The survey, in whic...
Mon, Aug 6 2012, 1:35 PM
The number of metropolitan statistical area
(MSA) housing markets designated as 'improving" by the National Association of
Homebuilders (NAHB) decl...
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...
Fri, Aug 3 2012, 11:21 AM
Prompted by what it called housing
shocks - delinquencies, foreclosures, and a precipitous decline in housing
prices - Fannie Mae recently underto...
Fri, Aug 3 2012, 9:57 AM
The Secretary of Housing and Urban
Development (HUD) and the state attorney general who handled much of the negotiation
leading to last spring's $2...
Fri, Aug 3 2012, 9:44 AM
In
competing press releases late Thursday Lender Processing Services , Inc. (LPS)
and the Office of the Missouri Attorney General announced the s...
Fri, Aug 3 2012, 4:39 PM
The Administration's Monthly Housing
Scorecard for July contained little in the way of new information. The Scorecard is a summary of housing data
...
Fri, Aug 3 2012, 2:34 PM
Late Tuesday there was a bit of sparring between
Edward J. DeMarco, Acting Director of the Federal Housing Finance Agency and
Treasury Secretary...
Wed, Aug 1 2012, 9:30 AM
Ever wonder why it takes the government
so many words to say...maybe not so much?
So did a visitor to the Consumer
Financial Protection Bureau'...
Wed, Aug 1 2012, 9:19 AM
Applications for refinancing reached the
highest level in over three years last week despite weakness in the government
backed sector of that busine...
Wed, Aug 1 2012, 4:50 PM
Borrowers who refinance their loans
through Freddie Mac continue to eschew cash out refinancing , tending instead to
reduce either the amount of th...
Tue, Jul 31 2012, 12:06 PM
Commercial and multi-family mortgage
lending rose in the second quarter of 2012 due, the Mortgage Bankers
Association (MBA) said, to low intere...
Tue, Jul 31 2012, 10:45 AM
The home price picture showed further improvement
with the release this morning of the S&P/Case-Shiller Home Price Indices
(HPI) for May. Both th...
Tue, Jul 31 2012, 9:33 AM
The pace of foreclosure activity in the
U.S. remained unchanged in June with 60,000 completed foreclosures, the same
number as in May but 25 perce...
Tue, Jul 31 2012, 4:08 PM
Freddie Mac said today that it would
be opening up refinance opportunities to borrowers who are not underwater on
their existing Freddie Mac mortgag...
Tue, Jul 31 2012, 3:30 PM
Edward J. DeMarco , Acting Director of
the Federal Housing Finance Agency today again stated his opposition to
allowing Fannie Mae and Freddie Mac t...
Mon, Jul 30 2012, 9:58 AM
California Lieutenant Governor Gavin
Newsom blasted a Washington trade group on Friday for making what he called threats
against local officials i...
Fri, Jul 27 2012, 9:36 AM
The National Association of Homebuilders
(NAHB) said today that their Remodeling Marketing Index (RMI) had slipped in
the second quarter, probably a...
Fri, Jul 27 2012, 1:57 PM
Vacancy rates in both rental and homeowner properties declined
in the second quarter of 2011 the U.S. Census Bureau said on Friday. Vacancy rates f...
Thu, Jul 26 2012, 10:25 AM
Lender Processing Services (LPS) has released
preliminary findings from its June Mortgage
Monitor Report showing an increase in the national mortg...
Thu, Jul 26 2012, 10:14 AM
Pending homes sales declined in June,
slipping 1.4 percent on the Pending Home Sales Index released this morning by
the National Association of Rea...
Thu, Jul 26 2012, 10:10 AM
Foreclosure rates rose
during the first half of 2012 in many of the largest U.S. metropolitan areas
when compared to the second half of 2011.
Rea...
Wed, Jul 25 2012, 9:59 AM
Applications to refinance home mortgages
were higher last week than at any time in over three years according to the
Mortgage Bankers Association ...
Wed, Jul 25 2012, 3:54 PM
Senator Jeff Merkley (D-OR) has proposed
a new, limited term program to assist underwater homeowners unable to refinance
traditionally or through ...
Wed, Jul 25 2012, 2:19 PM
In his article Clearing the Mortgage
Market Through Principal Reduction: A
bad Bank for Housing (RTC 2.0), Adam
J. Levitin describes the real es...
Wed, Jul 25 2012, 1:21 PM
Sales of new homes dropped significantly
in June according to information released this morning by the U.S. Census
Bureau and the Department of Hou...
Tue, Jul 24 2012, 12:35 PM
There was general agreement on the
increase in home price levels in May in data released from by two different sources
this morning. The Federal Ho...
Fri, Jul 20 2012, 1:21 PM
What if 401(k) accounts, the popular
employer-based retirement savings plans were reordered to provide an incentive
and a vehicle for providing home...
Thu, Jul 19 2012, 11:32 AM
Existing-home sales declined 5.4 percent on a seasonally adjusted annual basis to 4.37 million from an upwardly-revised 4.62 million in May. Econom...
Thu, Jul 19 2012, 3:06 PM
In June the Government Accountability
Office (GAO) issued a report critical of outreach undertaken by mortgage
servicers to inform and enroll borr...
Thu, Jul 19 2012, 2:31 PM
Barry Rutenberg, Chairman of the National Association of Home Builders (NAHB) was among witnesses appearing today before a hearing of the House Commit...
Wed, Jul 18 2012, 12:16 PM
Housing starts and housing completions
were both up in June according to new residential construction data released
this morning by the U.S. Census...
Wed, Jul 18 2012, 9:50 AM
Applications for refinancing surged
during the week ended July 13 sending mortgage application volumes to " near
peak levels for the year " accordin...
Wed, Jul 18 2012, 4:36 PM
The Federal Reserve Bank of Boston
has released a Public Policy Discussion Paper by two of its economists titled Shifting
Confidence in Homeownersh...
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...
Tue, Jul 17 2012, 11:44 AM
Builder confidence took its biggest leap
in nearly a decade according to data released this morning by the National
Association of Home Builders (...
Tue, Jul 17 2012, 11:37 AM
"There
is only positive news in June's numbers," a spokesperson for S&P Dow Jones
Indices said today as the company released the S&P/Experian Con...
Tue, Jul 17 2012, 10:19 AM
Remodeling increased in May to a
seasonally adjusted annual rate of 2,663,000.
This represents a 3 percent increase from the April rate of 2,579,0...
Mon, Jul 16 2012, 2:00 PM
The changes to the HARP program that
were put in place last fall seem to be having an affect according to data
released this morning by the Federa...
Thu, Jul 12 2012, 12:27 PM
PRESS RELEASE:
Wells Fargo & Company (NYSE:WFC) announced today a definitive settlement agreement between Wells Fargo Bank, N.A. and the U.S. Depa...
Thu, Jul 12 2012, 11:30 AM
There was
heartening news this morning from CoreLogic which reports that nearly
three-quarters of a million homes emerged from negative equity bet...
Thu, Jul 12 2012, 8:34 AM
RealtyTrac
said today that 1,045,801 default notices, auction sale notices and bank
repossessions (REO) were filed during the first two quarters o...
Thu, Jul 12 2012, 1:15 PM
A Georgetown law professor is proposing
that a Resolution Trust Corporation (RTC) like entity might be the key to
getting the housing market back...
Wed, Jul 11 2012, 10:04 AM
This morning the Mortgage Bankers
Association (MBA) released its Market Composite Index for the holiday shortened
week ended July 6 and reported tha...
Wed, Jul 11 2012, 3:13 PM
The House Financial Services
subcommittee on Financial Institutions and Consumer Credit held a hearing on
Wednesday entitled " The Impact of Dodd-Fr...
Tue, Jul 10 2012, 2:23 PM
The Mortgage Bankers Association ( MBA ) joined by 15 other trade
associations has sent a letter to the Consumer Financial Protection Bureau suppor...
