Wed, Mar 7 2012, 10:36 AM
The ink is barely dry on the $25 billion
dollar mortgage settlement with banks that is meant, in part, to compensate homebuyers
hurt by fraudule...
Wed, Mar 7 2012, 8:28 AM
Mortgage
applications were down 1.2 percent on a seasonally adjusted basis during the
week ended March 2 but rose 10.2 percent on an unadjusted ba...
Wed, Mar 7 2012, 8:23 AM
The Office of the Inspector General
( OIG ) for the Federal Housing Finance Agency ( FHFA ) has completed an audit to
assess whether FHFA has an e...
Wed, Mar 7 2012, 2:50 PM
Two companies released home price data
on Wednesday. CoreLogic released its
Home Price Index (HPI) for the month of January while Lender Process...
Wed, Mar 7 2012, 2:33 PM
Consumer attitudes about the economy
have risen considerably over the past few months while their confidence in
their own financial situations have ...
Tue, Mar 6 2012, 10:05 AM
Today President Barack Obama will announce plans
to allow homeowners with FHA insured loans refinance at lower rates and will
also detail an agreeme...
Tue, Mar 6 2012, 2:32 PM
As MND reported earlier this
morning, President Obama is set to announce changes in fees charged to
FHA-insured borrowers who wish to refinance in...
Tue, Mar 6 2012, 2:21 PM
Both foreclosure starts and foreclosure
sales jumped significantly in January according to data released today by
Lender Processing Services (LP...
Mon, Mar 5 2012, 1:32 PM
HOPE NOW , the voluntary foreclosure
prevention program put together by a private sector group of mortgage
servicers, investors, mortgage insurers, ...
Fri, Mar 2 2012, 5:23 PM
The February edition of the Housing
Scorecard was released by the Departments of Treasury and Housing and Urban
Development (HUD) on Friday. In w...
Thu, Mar 1 2012, 12:11 PM
The Census Bureau said this morning that
construction spending in the U.S. dipped slightly in January but was well above
outlays a year earlier. ...
Thu, Mar 1 2012, 9:10 AM
Sales of
distressed real estate made up nearly a quarter of all single-family
residential sales both in the fourth quarter of 2011 and the entire ...
Thu, Mar 1 2012, 2:37 PM
With home prices nationwide continuing
to decline it is not surprising that the number of homeowners who are
underwater (i.e. owe more on their mo...
Wed, Feb 29 2012, 12:24 PM
Two more courts have upheld the validity of mortgage
assignments passed through the Mortgage Electronic Registration System (MERS). Two judges, both...
Wed, Feb 29 2012, 11:56 AM
Fannie Mae is reporting a net loss of
$2.4 billion for the fourth quarter of 2011 compared to a net loss of $5.1
billion in the third Quarter. Fo...
Wed, Feb 29 2012, 9:35 AM
Applications
for purchase mortgages jumped during the week ended February 24, but the
Mortgage Bankers Association's (MBA) Market Composite Index ...
Wed, Feb 29 2012, 4:33 PM
The original formulators of the S&P/Case-Shiller
Housing Price Indices held a press conference on Tuesday to discuss the state
of the housing marke...
Tue, Feb 28 2012, 12:36 PM
Commercial banks and savings
institutions insured by the Federal Deposit Insurance Corporation (FDIC) have
just posted their 10 th consecutive qua...
Tue, Feb 28 2012, 11:55 AM
MERS , the Mortgage Electronic
Registration System, won another court battle last week. On February 21 the New Hampshire Superior
Court affirmed,...
Tue, Feb 28 2012, 11:37 AM
All three of the S&P/Case-Shiller
Indices hit new post-crisis lows during December. The year ended with the national composite,
which is reported...
Tue, Feb 28 2012, 9:16 AM
The
Federal Housing Administration ( FHA ) announced that it is
increasing both upfront and annual premiums for its insured single family loans. An...
Tue, Feb 28 2012, 5:05 PM
In broad ranging testimony before the Senate
Committee on Banking,
Housing, and Urban Affairs on Tuesday, Housing and Urban
Development (HUD) Secr...
Tue, Feb 28 2012, 1:11 PM
Federal Reserve Governor Elizabeth A. Duke told
members of the Senate Committee on Banking, Housing, and Urban Affairs that "the failure of the hou...
Mon, Feb 27 2012, 12:38 PM
The Federal Reserve Board has posted on-line action plans developed by nine
of its supervised financial institutions to correct deficiencies in their...
Mon, Feb 27 2012, 12:23 PM
A survey of real estate agents conducted
by Campbell/Inside Mortgage Finance indicates that current homeowners are
increasingly shopping for their n...
Mon, Feb 27 2012, 11:00 PM
HUD today announced that mortgage insurance for FHA loans will increase April 1 and June 1.
Mon, Feb 27 2012, 10:57 AM
Consumer complaints have triggered
yet another legal problem for Bank of America.
The Department of Housing and Urban Development announced on Mond...
Mon, Feb 27 2012, 10:37 AM
Pending
home sales in January reached a level last seen at the height of the homebuyer
tax credit bubble nearly two years ago according to informati...
Mon, Feb 27 2012, 10:33 AM
Flagstar
Bancorp, parent company of Flagstar Bank has settled claims with the Department
of Justice over some of its underwriting practices as an FH...
Mon, Feb 27 2012, 3:41 PM
Investors who have prequalified to
purchase lender owned real estate (REO) under a program unveiled February 1 by
the Federal Housing Finance Agency...
Fri, Feb 24 2012, 11:57 AM
Multi-family rentals are leading the
recovery in the commercial real estate market, becoming what the National
Association of Realtors® (NAR) calls ...
Fri, Feb 24 2012, 11:55 AM
New home sales in January were at a seasonally adjusted
annual rate of 321,000, a decrease of 0.9 percent from the upwardly revised December
rate o...
Fri, Feb 24 2012, 9:08 AM
Bank of America, Corp will stop selling new mortgages to Fannie
Mae as the result of a dispute over the way Fannie Mae is handling repurchases.
I...
Thu, Feb 23 2012, 10:17 AM
Another next major marker in the
convoluted foreclosure landscape will probably come in the next few weeks when the
Massachusetts Supreme Judicial...
Thu, Feb 23 2012, 4:01 PM
Radar Logic's RPX Composite price for 2011 reached its
lowest point in December since the housing crisis began. The Composite, which tracks housing ...
Thu, Feb 23 2012, 2:00 PM
While the Federal Housing Finance Agency's
( FHFA ) purchase only House Price Index (HPI) was down slightly in the fourth
quarter, data for Decemb...
Wed, Feb 22 2012, 12:26 PM
There was more good news from the
National Association of Realtors® (NAR) on Wednesday as they reported that the
sales of existing homes rose in Jan...
Wed, Feb 22 2012, 11:39 AM
For the second time in just under a
month the Mortgage Electronic Registration System ( MERS ) has won a significant
court victory. The company whi...
Wed, Feb 22 2012, 11:36 AM
Both before and after they were placed into conservatorship
the two government sponsored enterprises Fannie Mae and Freddie Mac (the
Enterprises) s...
Wed, Feb 22 2012, 8:52 AM
Mortgage
applications decreased during the week ended February 17 according to the
Weekly Mortgage Applications Survey released this morning by the...
Wed, Feb 22 2012, 3:40 PM
In the February Economic Outlook from
Freddie Mac's Office of the Chief Economist is projecting a slow, steady path
to recovery as the economy, it...
Tue, Feb 21 2012, 11:12 AM
In its Monthly Mortgage Monitor Report Lender
Processing Services (LPS) will report that the national delinquency rate , loans
that are 30 days or ...
Tue, Feb 21 2012, 10:42 AM
After four straight months of increases The S&P/Experian
Consumer Credit Default Indices fell in January as did the four loans types
that make up ...
Tue, Feb 21 2012, 2:07 PM
The Federal Housing Finance Agency
(FHFA) said Tuesday that, with its conservatorship of Fannie Mae and Freddie
Mac (the Enterprises) now in operati...
Fri, Feb 17 2012, 9:46 AM
While housing is more affordable than ever for most
U.S. families, the lack of financing available to them continues to constrain
prospective homeb...
Thu, Feb 16 2012, 12:54 PM
RealtyTrac reported this morning that
foreclosure activity rose 3 percent in January as several states posted spikes
in one or more steps in the pr...
Thu, Feb 16 2012, 1:35 PM
A lawsuit filed against CITIMORTGAGE,
INC, a subsidiary of CITIBANK, N.A. was filed in the U.S. District Court for Manhattan
on Wednesday and simult...
Thu, Feb 16 2012, 1:26 PM
At a press
conference accompanying release of the results from its Fourth Quarter 2011 National
Delinquency Study (NDS) , the Mortgage Banker Assoc...
Thu, Feb 16 2012, 1:01 PM
Statistics on building permits and
housing starts increased slightly in January according to the U.S. Census
Bureau and the U.S. Department of H...
Wed, Feb 15 2012, 12:40 PM
The results from the monthly National
Association of Home Builders NAHB)/Wells Fargo Housing Market Index (HMI) rose
in February for the fifth conse...
