Mon, Apr 2 2012, 1:34 PM
Construction spending during February was at a seasonally adjusted annual rate of $808.9 billion, 1.1 percent below the revised January estimate of $...
Fri, Mar 30 2012, 12:20 PM
Real estate agents appear to be playing a significant role in determining who writes their customers' mortgages. The results of a new study, Key F...
Fri, Mar 30 2012, 12:00 PM
The
Federal Reserve Bank of Dallas recently published an essay titled Choosing the Road to Prosperity:
Why We Must End Too Big to Fail - Now" w...
Thu, Mar 29 2012, 11:04 AM
Sales of investment homes surged by what the National Association of Realtors® (NAR) called " an extraordinary 64.5 percen t" in 2011, soaring from 74...
Thu, Mar 29 2012, 10:24 AM
There was a host of encouraging news in the National Foreclosure Report for February released by CoreLogic this morning. Foreclosures, the forec...
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...
Thu, Mar 29 2012, 3:04 PM
Approximately
$15 million of the $132 million New York State will receive in the national
mortgage servicing settlement will be used for foreclosu...
Wed, Mar 28 2012, 10:32 AM
The Office of the Comptroller of the Comptroller of the Currency today released their Mortgage Metrics Report for the Fourth Quarter of 2011, focu...
Wed, Mar 28 2012, 9:29 AM
The
right of Mortgage Electronic Registration System, Inc. ( MERS ) to act as
mortgagee of record for mortgage investors has survived two more cour...
Wed, Mar 28 2012, 8:23 AM
Once
again a decline in refinancing wiped out modest gains in purchase mortgage
activity during the week ended March 23.
As a result the Mortgag...
Wed, Mar 28 2012, 1:16 PM
The Federal Reserve Bank of New York has
developed a series of interactive maps which allow viewers to see information
on mortgage delinquencies an...
Tue, Mar 27 2012, 12:35 PM
Freddie Mac's total mortgage portfolio
continued to shrink in January and February, contracting at an annual rate of
4.8 percent in January and 3....
Tue, Mar 27 2012, 9:18 AM
S&P/Case-Shiller reported on Tuesday
that home prices in the metropolitan areas they survey declined again in
January with both the 10-City and 20-C...
Tue, Mar 27 2012, 4:05 PM
The American Banking Association (ABA) has found that real estate lending
conditions at the end of 2011 were little changed from those at the end o...
Tue, Mar 27 2012, 2:00 PM
Despite the trauma of the last few
years, most Americans still believe that owning a home is preferable to renting
according to the latest quarter...
Mon, Mar 26 2012, 11:18 AM
While homebuyers are pursuing short
sales with less enthusiasm because of the lengthy and unpredictable process,
investors are finding them a new...
Mon, Mar 26 2012, 11:16 AM
Pending home sales reported by the
National Association of Realtors® declined by one-half of one percent in
February but are well above the level r...
Fri, Mar 23 2012, 11:03 AM
New home sales in February were down 1.6 percent from sales
in January according to the U.S. Census Bureau and the Department of Housing
and Urban ...
Fri, Mar 23 2012, 11:01 AM
Annual reports from financial
institutions rarely make the best seller list, but the one published by the
Federal Reserve Bank of Dallas is beginnin...
Fri, Mar 23 2012, 10:17 AM
Another program to keep distressed
borrowers in their homes was announced this morning by Bank of America. " Mortgage
to Lease " will start immedi...
Fri, Mar 23 2012, 10:14 AM
AIG, originally considered to be the
TARP recipient least likely to succeed, has sent taxpayers another significant installment
on its debt. The De...
Thu, Mar 22 2012, 9:51 AM
This is the second of three evaluation
reports released by the Federal Housing Finance Agency's (FHFA) Office of
Inspector General (OIG) regarding t...
Thu, Mar 22 2012, 9:28 AM
This is the third of three evaluation
reports released today by the Federal Housing Finance Agency's (FHFA) Office of
Inspector General (OIG) regard...
Thu, Mar 22 2012, 4:05 PM
The rate of decline in housing prices has slowed recently according
to the RPX Composite Index released today by RadarLogic, but the bottom for
pr...
Thu, Mar 22 2012, 3:47 PM
On Thursday the Federal Housing Finance
Agency (FHFA) Office of Inspector General (OIG) released the results of three
evaluations of FHFA's oversigh...
Wed, Mar 21 2012, 12:43 PM
A report released this morning by
CoreLogic shows that the shadow inventory , composed of homes that are either in
bank owned real estate (REO), in...
Wed, Mar 21 2012, 11:28 AM
Sales of
existing homes fell 0.9 percent in February to a seasonally adjusted annual
rate of 4.59 million homes according to data released this mor...
Wed, Mar 21 2012, 9:33 AM
Interest
rates rose to the highest levels since December during the week ended March 16
and, driven largely by refinancing, mortgage applications ...
Wed, Mar 21 2012, 9:26 AM
Bloomberg
News is reporting that Ally Financial is in talks with Fortress Investment
Group to sell some assets from Ally's mortgage unit. Accor...
Wed, Mar 21 2012, 3:47 PM
The title insurance industry generated
$9.47 billion in premiums in 2011 , down 1.5 percent from its production in
2010. Fourth quarter activity t...
Wed, Mar 21 2012, 3:46 PM
Lender processing Services (LPS)
reported that there was a 5 percent reduction in the national delinquency rate
in February compared to January fi...
Tue, Mar 20 2012, 9:59 AM
There was some good news in the New
Residential Construction Report Housing released by the Census Bureau and the
Department of Housing and Urban De...
Tue, Mar 20 2012, 4:16 PM
A former executive of Taylor, Bean and Whitaker Mortgage Corporation (TBW) is facing a maximum penalty of 10 years in prison after pleading guilty T...
Tue, Mar 20 2012, 2:11 PM
The Federal Reserve Banks reported net income in 2011 of $78.54 billion
compared to $81.735 billion in 2010.
Total comprehensive income, after adju...
Mon, Mar 19 2012, 4:06 PM
Fourth quarter statistics on the
activities of Freddie Mac and Fannie Mae (the GSEs) in assisting homeowners to stay
in their homes were released ...
Mon, Mar 19 2012, 1:30 PM
The National Association of Home Builders (NAHB)/Wells Fargo Housing Market
Index (HMI) held steady in March, consolidating five straight months of...
Mon, Mar 19 2012, 1:29 PM
Legislation and regulations that delay foreclosures
in various states came in for sharp criticism from a Federal Housing Finance
Agency (FHFA) off...
Thu, Mar 15 2012, 12:48 PM
The Center for Responsible Lending (CRL)
has published a summary of the National Mortgage Settlement Agreement which
makes it easy to review the d...
Thu, Mar 15 2012, 9:40 AM
Foreclosure filings during the month of
February were down 2 percent from filings in January and 8 percent from the
pace set in February 2011. Data...
Thu, Mar 15 2012, 2:19 PM
The number of completed foreclosures in
January rose to 69,000 from 65,000 in December according to the National
Foreclosure Report released today...
Thu, Mar 15 2012, 2:07 PM
The servicers scoring STAR rewards for
the second half of 2011 were announced today by Fannie Mae . STAR, the Servicer Total Achievement and
Re...
Wed, Mar 14 2012, 10:35 AM
The majority of the large bank holding companies in
the country have successfully completed the latest round of bank stress tests
conducted by the...
Wed, Mar 14 2012, 10:16 AM
Mortgage applications during the week
ended March 9 declined 2.4 percent on a seasonally adjusted basis and 1.8
percent unadjusted from the previou...
Wed, Mar 14 2012, 3:48 PM
The Department of Housing and Urban
Development released five reports from its Office of Inspector General on Tuesday
based on reviews of the for...
Wed, Mar 14 2012, 3:03 PM
An Appraisal Institute official told the
U.S. Sentencing Commission that appraisals rather than tax assessments should
be the standard for compu...
Tue, Mar 13 2012, 5:57 PM
Three executives of Thornburg
Mortgage Company were charged today with securities violations for hiding the
financial condition of the company. T...
Fri, Mar 9 2012, 12:52 PM
The Wall Street Journal reported this morning that Bank of
American (BOA) has struck a side deal with the government that would cut
penalties ass...
Fri, Mar 9 2012, 11:33 AM
The Federal Housing Finance Agency,
conservator of Freddie Mac and Fannie Mae has produced a scorecard for the two
government sponsored enterprises ...
Fri, Mar 9 2012, 1:00 PM
Freddie Mac announced that it has posted
a net income of 619 million for the quarter ended December 31, 2011 and total
comprehensive income of 1....
Thu, Mar 8 2012, 2:05 PM
CoreLogic's March edition of The Market Pulse , produced in a magazine
format, has two articles that caught our attention. The first, "Keep on Tr...
