Wed, Apr 13 2011, 4:57 PM
The Federal Reserve has released the Beige Book
The Beige Book is a compilation of anecdotal information and data on current economic conditio...
Wed, Apr 13 2011, 3:12 PM
The Federal Reserve, Office of Comptroller of the Currency (OCC), FDIC,
and Office of Thrift Supervision (OTC) have issued formal enforcement actio...
Tue, Apr 12 2011, 12:17 PM
At a summit held in
Charlotte, North Carolina on Monday, the new Consumer Financial Protection
Bureau (CFPB) and the Presidential Initiative Working...
Fri, Apr 8 2011, 12:45 PM
The Mortgage Bankers Association (MBA) has what it calls
"strong reservations" about the short timetable set out by the Departments
of Treasury, Hou...
Thu, Apr 7 2011, 1:43 PM
REIS
Inc, an impartial source of commercial real estate data, has confirmed
Mortgage News Daily's prediction earlier this year that renters coul...
Thu, Apr 7 2011, 1:16 PM
Maryann F. Hunter, Deputy Director, Division
of Banking Supervision and Regulation, Federal Reserve Bank told the U.S. Senate Subcommittee on Financi...
Wed, Apr 6 2011, 12:21 PM
The Market Composite Index, a measure of mortgage loan application volume,
decreased 2.0 percent on a seasonally adjusted basis from one week earlier...
Wed, Apr 6 2011, 10:34 AM
BAD NEWS: A decision has been made. The loan originator compensation delay has been dissolved. New compensation plans are now in effect.
From the...
Wed, Apr 6 2011, 3:20 PM
There have been six major banking crises in developing countries since the mid-1970s, all were associated with housing booms followed by busts accordi...
Wed, Apr 6 2011, 2:32 PM
Congress needs to pass a "Continuing Resolution" by midnight on Friday, April 8th to avoid a government shutdown.
From Wikipedia : A continuing ...
Tue, Apr 5 2011, 10:46 AM
This column originally appeared in the April 2011 issue of Asset Securitization Report (www.sourcemedia.com). The outcome of the negotiations betwee...
Tue, Apr 5 2011, 4:23 PM
Just in case you've missed any of these developments or just needed a refresher, here is the latest on originator compensation reform.
On Friday, ...
Tue, Apr 5 2011, 2:00 PM
The March edition of the Obama Administration's
Housing Scorecard again remarks on the fragility of the U.S. housing market and
the need to cont...
Mon, Apr 4 2011, 10:04 AM
The executive who became the first
Risk Manager of the Federal Housing Administration (FHA) will now, at least temporarily
head the agency.
Robe...
Mon, Apr 4 2011, 2:14 PM
The House Subcommittee on Capital Markets, Insurance, and
Government-Sponsored Enterprises held the first of what will probably be a
large number of...
Fri, Apr 1 2011, 8:39 AM
HAPPY APRIL FOOL'S DAY!
This is not a cruel joke. From NAMB's website:
"The
US Court of Appeals has granted a stay on Fed's LO Compensatio...
Thu, Mar 31 2011, 10:54 AM
The specter of shadow inventory looming in the background
of the housing crisis may be even worse than anticipated according to data released
Monda...
Thu, Mar 31 2011, 3:00 PM
For the second time in less than a week economists have
attempted to quantify the amount of shadow inventory currently lurking in the background of ...
Wed, Mar 30 2011, 11:22 AM
The
Mortgage Bankers Association (MBA) reacted quickly to the publication yesterday
of proposed rules governing Qualified Residential Mortga...
Wed, Mar 30 2011, 10:47 AM
The Mortgage Bankers Association (MBA) today
released its Weekly Mortgage Applications Survey for the week
ending March 25, 2011.
The MBA's ...
Wed, Mar 30 2011, 10:05 AM
The House Republicans who will ultimately have the most
influence on the decision have come out with a plan for reforming the two
government sponsor...
Tue, Mar 29 2011, 12:57 PM
The Office of the Comptroller of the Currency, Treasury, Board of
Governors of the Federal Reserve System, Federal Deposit Insurance
Corporation ...
Tue, Mar 29 2011, 3:30 PM
The January S&P/Case Shiller Home Price Indices , released
by Standard & Poor's this morning, show further deceleration in the growth
rates of ho...
Mon, Mar 28 2011, 10:54 AM
The National
Association of Realtors'® (NAR) have taken a stab at estimating just how wide and deep the much
discussed " shadow inventory " of hou...
Mon, Mar 28 2011, 2:41 PM
The
National Association of Realtors® (NAR) released its February Pending Home
Sales Index (PHSI) Monday. The index is a leading indicator for the...
Mon, Mar 28 2011, 2:02 PM
Reform
of the nation's housing system is picking up steam, with one
regulatory agency set to vote on risk retention exemptions on Tuesday, multi...
Thu, Mar 24 2011, 11:37 AM
Effective
April 1, servicers managing Freddie Mac loans will no longer be allowed to
foreclose on properties in the name of Mortgage
Electronic Reg...
Thu, Mar 24 2011, 3:37 PM
The country is on the verge of a
double-dip in housing prices according to new survey from MacroMarkets
LLC. The financial technology company
aske...
Wed, Mar 23 2011, 10:10 AM
The Mortgage Bankers Association (MBA) today released its Weekly
Mortgage Applications Survey for the week ending March 18, 2011.
The MBA's l...
Wed, Mar 23 2011, 3:05 PM
The debate over what counts as a
"Qualified Residential Mortgage (QRM)" may be coming to an end in the
near future. The Federal Deposit Insurance ...
Wed, Mar 23 2011, 2:06 PM
he Census Bureau and Department of Housing and Urban Development have released New Residential Sales data for February 2011. Here is a Quick Re...
Mon, Mar 21 2011, 4:38 PM
Freddie Mac is now publishing YouTube videos to share information with the
public about foreclosure myths and scams.
In each video a
housing c...
Mon, Mar 21 2011, 2:32 PM
The National Association of Realtors today released Existing Home Sales data for February 2011 Existing Home Sales report on the number of comple...
Fri, Mar 18 2011, 12:44 PM
Calling
the document "unprecedented in its scope and prescriptiveness," the Securities
Industry and Financial Markets Association (SIFMA) has
crit...
Fri, Mar 18 2011, 11:34 AM
At a
press conference on Friday morning the Department of Housing and Urban
Development (HUD) announced 17 planning grants under HUDs new Choice ...
Thu, Mar 17 2011, 12:01 PM
Elizabeth Warren, Special Advisor to the Secretary of the
Treasury for the Consumer Financial Protection Bureau (CFPB), told a House subcommittee yes...
Thu, Mar 17 2011, 3:38 PM
Debate continues over including a 20 percent down payment requirement in new regulations
defining "Qualified Residential Mortgages" (QRMs) under the ...
Wed, Mar 16 2011, 9:41 AM
The Mortgage Bankers Association (MBA) today released its Weekly
Mortgage Applications Survey for the week ending March 11, 2011.
The MBA's l...
Wed, Mar 16 2011, 4:55 PM
A day
after the Mortgage Bankers Association (MBA) announced the resignation of CEO John Courson and the appointment of David Stevens to replace ...
Wed, Mar 16 2011, 4:18 PM
The U.S. Census Bureau and the Department of Housing and Urban Development have released New Residential Construction statistics for February 2011...
Tue, Mar 15 2011, 12:53 PM
Mortgage News Daily has learned that John Courson, President and CEO
of the Mortgage Bankers Association, will announce his resignation later
toda...
Tue, Mar 15 2011, 11:50 AM
The following commentary was written by Tim Massad, Acting Assistant
Secretary of the Treasury for Financial Stability, in defense of HAMP...
...
Tue, Mar 15 2011, 3:28 PM
Over the past three months the mortgage industry has struggled
greatly to interpret and implement loan originator compensation reform
and new ...
Tue, Mar 15 2011, 2:09 PM
For the
first time in four months builders showed increased confidence in their
responses to the monthly National Association of Home Builders (NAHB...
Mon, Mar 14 2011, 12:32 PM
Five federal
agencies representing a myriad of policy interests are planning a summer forum to
address a variety of health and safety problems arisi...
Mon, Mar 14 2011, 11:16 AM
The Home
Affordable Refinance Program (HARP) has been extended for another year
according to information released on Friday from the Federal Hou...
Fri, Mar 11 2011, 11:42 AM
Three Federal
Reserve economists are out to debunk the theory that reducing principal
balances on mortgage loans is a no-cost cure for the housing c...
Thu, Mar 10 2011, 11:05 AM
The Acting Director of the Federal Housing Finance Agency (FHFA)
said this week that risk management is not the only relevant consideration in reform...
Thu, Mar 10 2011, 2:56 PM
Foreclosure
filings of all types continued to decline during February, with 225,101 filings of
all types recorded on U.S. properties during the mont...
Wed, Mar 9 2011, 10:17 AM
The MBA's loan application survey covers over
50% of all U.S. residential mortgage loan applications taken by mortgage
bankers, commercial banks, an...
