Tue, Apr 24 2012, 12:48 PM
New home sales fell sharply in March, dropping to a seasonally adjusted annual rate of 328,000, down 7.1 percent from the February's numbers. Howe...
Tue, Apr 24 2012, 12:16 PM
Two major home price indices released this morning indicate that, while home prices are improving the changes are slow and relative . The Federal Ho...
Mon, Apr 23 2012, 10:18 AM
A Virginia real estate developer has pled guilty to conspiracy to commit wire fraud, making false statements, and conspiracy to commit bank fraud in...
Mon, Apr 23 2012, 5:31 PM
MGIC Investment Corporation reported its First Quarter 2012 financial results this morning in which it said its net losses for the quarter totaled $1...
Thu, Apr 19 2012, 11:39 AM
Existing home sales decreased in March to a seasonally adjusted annual rate of 4.48 million units, 2.6 percent below the February pace which was adju...
Thu, Apr 19 2012, 5:12 PM
"A change is afoot when it comes to short sales ," RealtyTrac said on Thursday, releasing new data which indicate, based on January's numbers, that...
Thu, Apr 19 2012, 1:55 PM
After two years of bouncing around a bottom, remodeling activity is expected to pick up later this year, according to the Leading Indicator of Remo...
Wed, Apr 18 2012, 11:31 AM
Consumer credit defaults, with the exception of credit cards, fell in March for the third consecutive month S&P and Experian said on Monday. The nati...
Wed, Apr 18 2012, 11:12 AM
The second edition of a new report looking in depth at the mortgage origination market was released today by Ellie Mae. The report for March review...
Wed, Apr 18 2012, 11:05 AM
Alejandro Curbelo, aka Alex Curbelo, a loan officer for Great Country Mortgage Bankers in Miami, pleaded guilty on Tuesday to complicity in a mortgag...
Wed, Apr 18 2012, 10:01 AM
The Architecture Billings Index (ABI) a forward looking index of construction activity, finished March in positive territory for the fifth consecuti...
Wed, Apr 18 2012, 8:47 AM
Fannie Mae and Freddie Mac have been directed by their conservator to streamline procedures for foreclosure alternatives including short sales, deed...
Wed, Apr 18 2012, 8:31 AM
The volume of mortgage refinancing soared during the week ended April 13 according to data released this morning by the Mortgage Bankers Association...
Wed, Apr 18 2012, 4:17 PM
The Financial Stability Board (FSB) has released its Principles for Sound Residential Mortgage Underwriting Practices . FSB is an international bo...
Wed, Apr 18 2012, 3:33 PM
A so-called Homeowner Bill of Rights has been introduced to the California State Assembly in the form of seven bills centered primarily on the imp...
Wed, Apr 18 2012, 3:26 PM
A key official of the Department of Housing and Urban Development ( HUD ) was sworn into office on Wednesday. Maurice Jones assumed the second high...
Tue, Apr 17 2012, 10:44 AM
The U.S. Census Bureau and Department of Housing and Urban Development (HUD) reported this morning that permits for privately owned housing construct...
Mon, Apr 16 2012, 10:58 AM
Home builders shifted direction this month reversing the growing optimism they had been exhibiting since last fall. The National Association of Hom...
Mon, Apr 16 2012, 10:16 AM
As has been indicated in reports from the Joint Center on Housing and the National Association of Home Builders, home remodeling is emerging as a br...
Mon, Apr 16 2012, 4:39 PM
Three mortgage originators and a title agent have been permanently barred from conducting business with the federal government after they pled guilty ...
Mon, Apr 16 2012, 3:40 PM
Thirty-three housing related organizations have signed on to a letter advocating that a broadly defined definition of a Qualified Mortgage (QM) be a...
Fri, Apr 13 2012, 12:25 PM
Officials from eleven states have formally petitioned the Federal Housing Finance Agency (FHFA) to reverse its opposition to mortgage loan principa...
Fri, Apr 13 2012, 12:21 PM
Two of the nation's largest banks came in with first quarter earnings above estimates today, due in part to improvements in their respective mortgage...
Thu, Apr 12 2012, 8:32 AM
Foreclosure activity hit the lowest level in over four years during the first quarter of 2012. Filings across the nation fell 2 percent from the f...
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...
Wed, Apr 11 2012, 9:26 AM
There were declines in the Market Composite Index and most of its components during the week ended April 6. The Weekly Mortgage Applications Survey co...
Tue, Apr 10 2012, 10:51 AM
The Consumer Financial Protection Bureau ( CFPB ) has released an outline of possible rules for servicing companies which are designed to protect mort...
Tue, Apr 10 2012, 4:08 PM
In prepared remarks for a speech to be delivered to the Brookings Institute today the F ederal Housing Finance Agency's (FHFA) acting director laid o...
Mon, Apr 9 2012, 11:32 AM
Fannie Mae's March National Housing Survey indicates that consumers may finally realize that the good times for buy a home might not last forever. ...
Mon, Apr 9 2012, 1:33 PM
Data is the content that is input into computer software, source code is the instructions that tell the software how to work. Software users usually ...
Mon, Apr 9 2012, 1:23 PM
Senator Sherrod Brown (D-Ohio) has introduced legislation to address the lengthy process of completing real estate short sales . The process continu...
Fri, Apr 6 2012, 9:59 AM
A Federal Reserve statement issued yesterday reminds federally regulated banks that they are permitted to rent properties in their owned real estate ...
Fri, Apr 6 2012, 4:43 PM
The Departments of Housing and Urban Development (HUD) and Treasury released the February edition of the Obama Administration's Housing Scorecard on...
Fri, Apr 6 2012, 2:53 PM
Charges were brought against two former bank executives Thursday for their involvement in a fraudulent scheme to conceal their bank's deteriorating ...
Fri, Apr 6 2012, 2:19 PM
As if there weren't already enough housing policy issues to worry about, the Center for Housing Policy points to yet another challenge on the horizon...
Thu, Apr 5 2012, 11:59 AM
The National Association of Home Builders/First American Improving Markets Index (IMI) grew by two metropolitan areas (MAs) in April. Thirteen new ...
Thu, Apr 5 2012, 11:55 AM
The American Bankers Associations (ABA) composite index of delinquencies in 11 loan categories fell 10 basis points in the fourth quarter of 2011 an...
Thu, Apr 5 2012, 10:50 AM
Despite increased volume and lower expenses, mortgage bankers saw a substantial decline in profit margins during the fourth quarter of 2011 according ...
Thu, Apr 5 2012, 10:43 AM
While home prices are still falling, Clear Capital is predicting that the country will finally see a turn-around this year and a modest increase by ...
Wed, Apr 4 2012, 12:02 PM
Prices are still falling, but the pace of the decline continues to slow according to the February Home Price Index (HPI) report released today by Co...
Wed, Apr 4 2012, 10:37 AM
A new monthly report on the state of the mortgage origination market has been initiated by Ellie Mae, a company which provides software and a mort...
Wed, Apr 4 2012, 9:17 AM
A Minnesota attorney has been sanctioned by a U.S. District Court for filing what the court called " frivolous show-me-the-note actions " challengin...
Wed, Apr 4 2012, 9:00 AM
After declining steadily for six straight weeks, applications for mortgage refinancing reversed direction and drove the Mortgage Bankers Association...
Wed, Apr 4 2012, 2:46 PM
Acting Federal Housing Finance Agency Director Edward J. DeMarco spoke to the Boston Security Analysts Society on Wednesday, in part defending his ...
Tue, Apr 3 2012, 12:56 PM
Morgan Stanley is the latest large servicing operation to be sanctioned , this time by the Federal Reserve. The Fed announced this morning that it ...
Tue, Apr 3 2012, 12:51 PM
After a sharp increase in January, foreclosure starts and sales have reverse direction and resumed the steady decline they began in mid-fall. The F...
Tue, Apr 3 2012, 9:25 AM
GFI Mortgage Bankers Inc., a mortgage banker with operations in seven states, is being sued by the federal government for violations of fair housing ...
Tue, Apr 3 2012, 2:51 PM
A recent survey of risk managers and other banking executives conducted by FICO indicates there is increasing optimism in the industry about the e...
Mon, Apr 2 2012, 3:39 PM
Acting in response to questions from mortgage originators and companies, the Consumer Finance Protection Bureau (CFPB) has issued a clarification on i...
Mon, Apr 2 2012, 2:03 PM
Mortgage Insurance Companies of America ( MICA ), the trade group representing private mortgage insurance companies, reported Monday that its member...
