Fri, Oct 1 2010, 1:03 PM
Over the past twenty years, understanding of and business practice in mortgage markets has been influenced significantly by the application of statist...
Thu, Sep 30 2010, 9:26 AM
According to the 2nd Quarter RealtyTrac Sales Report issued this morning, sales of homes in the process of pre-foreclosure or out of lenders real esta...
Thu, Sep 30 2010, 2:50 PM
H.R. 3081: Making Continuing Appropriations for Fiscal Year 2011, and For Other Purposes, passed the House of Representatives this morning. Buried in ...
Wed, Sep 29 2010, 12:43 PM
The Refinance Index decreased 1.6 percent from the previous week, which is the fourth straight weekly decrease. The seasonally adjusted Purchase Index...
Wed, Sep 29 2010, 3:19 PM
The Harvard report on The State of the Nation's Housing reports that both household income and household wealth have dropped since the beginning of th...
Tue, Sep 28 2010, 12:07 PM
The legislation would allow for blanket 30-year, fixed-rate mortgages at the prevailing market rate, now around 4.3 percent, for anyone seeking to ref...
Tue, Sep 28 2010, 4:01 PM
Fannie Mae is working with officials of the U.S. Army to offer mortgage relief to service members and their families who are struggling to meet mortga...
Mon, Sep 27 2010, 4:23 PM
Fannie Mae markets its REO through a program called HomePath Properties. Under the new incentive program, owner-occupants and public entities that bu...
Mon, Sep 27 2010, 2:42 PM
A world-wide study of mortgage products funded by the Mortgage Bankers Association found that the U.S. is nearly alone in its reliance on fixed-rate m...
Fri, Sep 24 2010, 3:50 PM
The Obama Administration's Housing Scorecard for September notes a slowly stabilizing housing market. Delinquencies are down slightly as are early st...
Fri, Sep 24 2010, 2:37 PM
Sales of new single-family houses in August 2010 were at a seasonally adjusted annual rate of 288,000. This is unchanged (±16.7%) from the revised Jul...
Fri, Sep 24 2010, 1:44 PM
Newly appointed Assistant to the President Elizabeth Warren and Treasury Secretary Tim Geithner hosted a forum earlier this week to allow concerned pa...
Thu, Sep 23 2010, 2:19 PM
Lawrence Yun, NAR chief economist, said home sales still remain subpar. “The housing market is trying to recover on its own power without the home buy...
Wed, Sep 22 2010, 10:51 AM
Has refi demand topped out? Have purchase apps bottomed? The latter is far less likely than the former. Color from lock desks confirms the slow down i...
Wed, Sep 22 2010, 1:18 PM
Owner occupants and public groups using NSP funds have purchased 29,000 homes over the past year through a Fannie Mae program which gives them first c...
Tue, Sep 21 2010, 3:40 PM
Legislation has been introduced in the House which would require lenders and servicers to either act quickly to approve or deny requests for short sal...
Mon, Sep 20 2010, 11:57 AM
"The stall in the nation's housing market continues. Builders report that the two leading obstacles to new-home sales right now are consumer reluctanc...
Mon, Sep 20 2010, 11:35 AM
Writing to the industry, FHA Commissioner David Stevens reminds us that there is more to the housing market than single-family homes and condos. Lost...
Mon, Sep 20 2010, 2:21 PM
The Mortgage Bankers Association has issued recommendations for improving the operation of both FHA and Ginnie Mae. Their suggestions focus on progra...
Fri, Sep 17 2010, 11:55 AM
The survey shows that consumers see a mixed outlook for housing and homeownership....These findings indicate a return to a more balanced and realistic...
Fri, Sep 17 2010, 1:14 PM
Fannie Mae is working with the Federal Housing Finance Agency (FHFA) to develop and adopt appraiser independence requirements that will replace the Ho...
Thu, Sep 16 2010, 12:32 PM
Testifying before a House subcommittee, representatives of HUD and Treasury each laid out similar goals and expectations for the future of the governm...
Thu, Sep 16 2010, 5:04 PM
While the credit quality of mortgages held by the FHLBanks is much above the industry average, they have pulled back from mortgage purchase activity.
Thu, Sep 16 2010, 3:49 PM
Foreclosure filings increased again in August according to RealtyTrac. The increase was driven by auction notices and completed foreclosures as, the ...
Tue, Sep 14 2010, 2:59 PM
The Obama Administration is encouraging high school educators to start off the school year by enrolling in the second annual National Financial Capabi...
Tue, Sep 14 2010, 2:10 PM
Independent mortgage bankers and bank subsidiaries saw their production volume and production income rise significantly during the second quarter of 2...
Fri, Sep 10 2010, 12:37 PM
The Treasury Inspector General for Tax Administration (TIGTA) has completed a study of IRS management of the evolving series of tax credits that were...
Thu, Sep 9 2010, 2:40 PM
The Mortgage Bankers Association has sent a letter to the Federal Home Finance Agency expressing several concerns about the framework the agency has p...
Wed, Sep 8 2010, 11:14 AM
Purchase applications increased last week, reaching the highest level since the end of May. However, purchase activity remains well below levels seen...
Wed, Sep 8 2010, 4:23 PM
Rural Development's interim systems enhancements will complete on September 8, 2010, at which time the Agency will begin obligating Section 502 Single...
Wed, Sep 8 2010, 3:24 PM
Reports from the twelve Federal Reserve Districts suggested continued growth in national economic activity during the reporting period of mid-July thr...
Tue, Sep 7 2010, 2:58 PM
Eric Rosengren, president of the Federal Reserve Bank of Boston, told attendees at a Federal Reserve sponsored conference on REO and Vacant Property S...
Fri, Sep 3 2010, 10:44 AM
FHFA has released final housing goals for Freddie Mac and Fannie Mae for 2010-2011. The goals establish benchmarks for the Enterprise to purchase mor...
Thu, Sep 2 2010, 4:25 PM
There has been talk circulating that the Administration is considering the re-authorization of the expired homebuyer tax credit. While I believe this ...
Thu, Sep 2 2010, 2:07 PM
The Federal Reserve is hosting a two day summit on neighborhood stabilization the focuses on the problem of foreclosures and owned real estate and the...
Wed, Sep 1 2010, 12:35 PM
"Refinancing activity picked up again last week, reaching new 15-month highs, as borrowers took advantage of even lower mortgage rates. The drop in m...
Wed, Sep 1 2010, 2:31 PM
Residential construction spending includes remodeling, additions, and major replacements to owner occupied properties subsequent to completion of orig...
Tue, Aug 31 2010, 3:52 PM
Standard & Poor's Case-Shiller Indices continue to show improvement in home prices, but the rate of increase has slowed and its publisher points to ot...
Mon, Aug 30 2010, 11:43 AM
The Conservator of Fannie Mae and Freddie Mac has issued its first report on Fannie Mae and Freddie Mac. The data indicates that problems began when...
Mon, Aug 30 2010, 2:11 PM
In a Sunday news show appearance, HUD Secretary Shaun Donovan said that it was too early to discuss a revival of the homebuyers tax credit even though...
Fri, Aug 27 2010, 1:12 PM
While delinquency rates overall showed improvement, the MBA National Delinquency Survey showed a troubling increase in the number of home mortgages th...
Thu, Aug 26 2010, 10:23 AM
The President of the Chicago Federal Reserve told an audience on Tuesday that financial literacy played a role in the mortgage meltdown, but suggested...
Wed, Aug 25 2010, 10:19 AM
Three months after the home buyer tax credit expired, housing is stagnant. This should come as no surprise to folks working in the industry. Most pros...
Wed, Aug 25 2010, 4:29 PM
Single Family Housing Guaranteed Loan Program Funding Notice
Wed, Aug 25 2010, 2:43 PM
"The volume of refi applications last week was up 26% over their level four weeks ago. Mortgage rates dropped to their lowest level in the survey, go...
Tue, Aug 24 2010, 10:40 AM
Existing-home sales were sharply lower in July following expiration of the home buyer tax credit but home prices continued to gain, according to the N...
Mon, Aug 23 2010, 4:11 PM
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury have released the August edition of the Obama Admin...
Fri, Aug 20 2010, 2:58 PM
The Federal Home Finance Agency is proposing to restrict the GSEs and the FHLBanks from investing in or accepting as collateral mortgages on propertie...
Thu, Aug 19 2010, 12:54 PM
Consumer indebtedness as well as consumer delinquencies improved during the second quarter of the year according to a Federal Reserve Bank Survey. Wh...
Wed, Aug 18 2010, 10:33 AM
Interesting...the MBA says mortgage rates actually rose last week. I have to disagree with that, mortgage rates did improve last week, but I understan...
