Wed, Dec 22 2010, 5:34 PM
FHFA reports Freddie Mac and Fannie Mae's foreclosure prevention activity is decreasing overall. The backlog of trial modifications under HAMP is cle...
Mon, Dec 20 2010, 1:28 PM
The National Association would like FICO to change the way they score credit utilization in light of recent unilateral reductions in credit lines by m...
Fri, Dec 17 2010, 11:48 AM
Aaron and Beth Stiner are renters, but not by choice and not because they can't afford to buy a house. They had a move-up home in Phoenix selected and...
Fri, Dec 17 2010, 9:29 AM
The MBA agrees with us, the mortgage industry is no where near ready to implement new originator compensation regs...
Thu, Dec 16 2010, 11:40 AM
Activity in all three stages of the foreclosure process declined in November, both from the previous month and the numbers one year earlier. Some of ...
Thu, Dec 16 2010, 10:06 AM
Four federal banking regulators have issued a final rule allowing consideration of Neighborhood Stabilization Program projects a fulfilling Community ...
Thu, Dec 16 2010, 3:44 PM
The U.S. Census Bureau and the Department of Housing and Urban Development have released New Residential Construction statistics for November 2010.
Wed, Dec 15 2010, 11:34 AM
Not surprisingly, with rates up more than half a percentage point over the past month, refinance activity has declined sharply. Home purchase applica...
Wed, Dec 15 2010, 3:59 PM
The Mortgage Bankers Association reports that independent mortgage banks saw higher profits in the third quarter due primarily to increased secondary ...
Wed, Dec 15 2010, 1:31 PM
The National Association of Home Builders (NAHB) today released it's Builder Confidence Index for December. The composite portion of the HMI remaine...
Tue, Dec 14 2010, 12:13 PM
HAMP will certainly not reach the goals Treasury established for it according to a report from the Congressional Oversight Panel, and in fact may spen...
Tue, Dec 14 2010, 11:01 AM
In a paper developed for the Federal Reserve, an economist looks at the literature to determine the impact of retained risk on the performance and pri...
Mon, Dec 13 2010, 1:50 PM
CoreLogic released a report Monday showing a decrease in negative equity nationwide. The improvement, it said, was due more to the foreclosure of pro...
Fri, Dec 10 2010, 3:10 PM
The National Association of Realtors® recently called on Fair Isaac Corp., developer of the FICO score model, to revise some of its computations to ta...
Thu, Dec 9 2010, 8:48 AM
Plain and Simple: if you weren't already aware, the CFPB is looking to combine TIL and RESPA disclosures into one document. Home loan disclosures are ...
Wed, Dec 8 2010, 10:40 AM
The Mortgage Bankers Association today released its Weekly Mortgage Applications Survey for the week ending December 3rd, 2010. The Market Composite ...
Tue, Dec 7 2010, 12:21 PM
Enterprise risk can be understood to have an impact on all parties and policies of your organization. From the recruiting and hiring practices for the...
Tue, Dec 7 2010, 2:44 PM
Few Americans expect the housing market to recover before 2012 according to an online survey of foreclosure attitudes conducted by RealtyTrac, Trulia,...
Tue, Dec 7 2010, 2:27 PM
The Mortgage Banks Association has formalized its objections to proposed new regulations forlenders in a letter sent to FHA Commissioner David Stevens...
Mon, Dec 6 2010, 11:48 AM
I guess it all boils down to HOW MUCH originators will be paid though.
That seems dependent on the competitiveness of the primary mortgage
market ...
Mon, Dec 6 2010, 11:31 AM
There is a reasonable chance that the incoming Congress will finally attempt to tackle the contentious issue of GSE reform. However, radical changes t...
Mon, Dec 6 2010, 10:14 AM
Federal Home Finance Agency (FHFA) Acting Director Edward J. DeMarco told the House Judiciary Committee Thursday that regulators, lawmakers, investors...
Mon, Dec 6 2010, 1:29 PM
Federal financial regulatory agencies have issued final regulations governing appraisals and evaluations used for real estate-related transactions in ...
Thu, Dec 2 2010, 12:27 PM
Instead of complaining about tight underwriting guidelines and expensive LLPAs at the only game in town (GSEs, FHA, VA), the NAR should be calling out...
Thu, Dec 2 2010, 10:41 AM
Properties affected by foreclosure continue to account to one-quarter of all U.S. home sales according to a report released Thursday by RealtyTrac. T...
Wed, Dec 1 2010, 12:13 PM
If rolling 30 day lates have evolved into a Notice of Default and you are counting down the days until you are "served" with a request to vacate the p...
Wed, Dec 1 2010, 10:59 AM
Opinions on the role the mandated housing goals established for Freddie Mac and Fannie Mae contributed to the housing collapse varied among presenters...
Wed, Dec 1 2010, 10:12 AM
The Market Composite Index, a measure of mortgage loan application volume, decreased 16.5 percent on a seasonally adjusted basis from one week earlier...
Wed, Dec 1 2010, 5:32 PM
The second day of Senate hearings on the industry response to foreclosures and recent title and foreclosure problems featured charges of conflict of i...
Wed, Dec 1 2010, 3:43 PM
In Part One of a Senate Banking Committee hearing held in November, panelists both assailed and defended the mortgage servicing industry for its perfo...
Wed, Dec 1 2010, 2:32 PM
The U.S. Census Bureau of the Department of Commerce announced today that construction spending during October 2010 was estimated at a seasonally adju...
Tue, Nov 30 2010, 9:22 AM
In September, the 10-City and 20-City Composites recorded annual returns of +1.6% and +0.6%, respectively. These two indices are reported at a monthly...
Tue, Nov 30 2010, 2:22 PM
A Federal Reserve official expressed concern on Monday that the new Consumer Financial Protection Bureau, soon to be operating as an independent agenc...
Fri, Nov 26 2010, 12:39 PM
The FDIC reported today that its insured depository institutions increased profitability to over $14 billion in the third quarter, a seven-fold increa...
Fri, Nov 26 2010, 1:36 PM
Americans are still waiting for the housing market to hit bottom according to survey data released this week from the Third Quarter Fannie Mae Nationa...
Wed, Nov 24 2010, 11:37 AM
The increase in purchase applications last week aligns with other incoming data suggesting that consumers are feeling somewhat more confident with the...
Wed, Nov 24 2010, 2:09 PM
The U.S. Census Bureau and the Department of Housing and Urban Development have jointly released NEW RESIDENTIAL SALES for October 2010.
Tue, Nov 23 2010, 11:36 AM
Following two months of gains, Existing Home Sales Decline in October, casting doubt on the notion that the previous two months of gains constituted t...
Tue, Nov 23 2010, 9:56 AM
The Federal Housing Finance Agency, which oversees the Federal Home Loan Banks, has published a proposed rule for comment that would permit and regula...
Mon, Nov 22 2010, 9:10 AM
Limits for most government-involved loans have been set for the coming year. Despite substantial losses in home values nationwide, the loan limits ar...
Fri, Nov 19 2010, 9:44 AM
The MBA's quarterly delinquency survey noted improvements in many areas, with overall delinquency rates down for most loan types. Foreclosure starts,...
Fri, Nov 19 2010, 5:04 PM
Despite the anticipation for sluggish growth into the first part of 2011, Fannie Mae, in their November 10th Economic Outlook, sees GDP growth driven...
Fri, Nov 19 2010, 4:33 PM
The joint HUD, Treasury Housing Scorecard showed that the number of borrowers entering the HAMP program has slowed as has the rate of conversion from ...
Thu, Nov 18 2010, 12:02 PM
In prepared testimony for a House committee hearing, Acting Comptroller of the Currency John Walsh said that MERS and LPS will join eight servicers in...
Thu, Nov 18 2010, 11:59 AM
FHFA released its Performance and Accountability Report which indicated that it met only 12 out of the 25 performance measures outlined in support of ...
Wed, Nov 17 2010, 12:40 PM
Data on building permits, housing starts, and housing completions in October was released today by the U.S. Census Bureau and the Department of Housi...
Wed, Nov 17 2010, 10:53 AM
The weekly Mortgage Bankers Association report on mortgage application activity for the week shows mortgage rates up sharply with some upward adjustme...
Tue, Nov 16 2010, 10:54 AM
The National Association of Home Builders/Wells Fargo survey of building confidence rose a single point in November. The component of that survey mea...
Tue, Nov 16 2010, 9:21 AM
Federal Reserve Governor Daniel Tarullo addressed the issue of reforming minimum capital requirements and allowing the resumption or increase of bank ...
Mon, Nov 15 2010, 11:37 AM
New Federal Reserve Governor Sarah Bloom Raskin has called for a new business model for mortgage services that eliminates the incentives that potentia...
