Wed, Aug 18 2010, 10:16 AM
Respondents to the Federal Reserves Senior Loan Officer Survey for July indicated that banks are slightly easily credit standards, terms, and conditio...
Tue, Aug 17 2010, 8:56 AM
The U.S. Census Bureau and the Department of Housing and Urban Development have released New Residential Construction statistics for July 2010. Both p...
Tue, Aug 17 2010, 4:35 PM
Three weeks have passed, the Congress did their job and appropriated unlimited funding for the USDA Rural Housing Program, yet all loans under Section...
Mon, Aug 16 2010, 11:38 AM
Today the Federal Reserve Board announced the final rule on loan originator compensation practices. The new rules apply to mortgage brokers and the c...
Mon, Aug 16 2010, 10:40 AM
Builder confidence in the market for newly built, single-family homes edged down for a third consecutive month in August.
Fri, Aug 13 2010, 10:32 AM
The monthly U.S. Foreclosure Market Report issued by RealtyTrac reveals that one in every 397 housing units received some type of foreclosure filing i...
Fri, Aug 13 2010, 2:26 PM
Freddie Mac will ask the Treasury Department for another 1.8 billion to shore up its finances after a loss of $6 billion during the second quarter of ...
Thu, Aug 12 2010, 12:22 PM
The Administration is increasing its commitment to fund unemployment/foreclosure prevention programs in the states hardest hit by both problems. Fund...
Wed, Aug 11 2010, 8:50 AM
The seasonally adjusted Purchase Index increased 0.3 percent from one week earlier. The Refinance Index increased 0.6 percent from the previous week. ...
Tue, Aug 10 2010, 1:00 PM
Two Federal Reserve Economists suggest that the answers to arguments over the efficacy of new stripdown provisions for bankruptcy judges actually lie ...
Mon, Aug 9 2010, 4:05 PM
The Federal Housing Administration (FHA) published a new mortgagee letter on Friday laying out the details of enhancements to its Making Home Affordab...
Mon, Aug 9 2010, 1:10 PM
Fannie Mae has released their Q2 earnings report. The government sponsored enterprise (GSE) announced a shortfall of $1.2 billion, in the second quar...
Fri, Aug 6 2010, 10:23 AM
FHA Commissioner David Stevens wrote to the industry yesterday to provide a time line on the implementation of new annual and upfront mortgage insuran...
Fri, Aug 6 2010, 9:15 AM
The Bureau of Labor Statistics has released the July Employment Situation Report. The results were disappointing.From the release:Total nonfarm payrol...
Thu, Aug 5 2010, 1:15 PM
The Department of the Treasury has announced the second round of awards under its 4HM or Help for the Hardest-Hit Housing Market Fund established by P...
Wed, Aug 4 2010, 2:31 PM
Refinance demand continues to bolster the mortgage market as purchases account for only 22% of new loan apps. Home buyers are utilizing the FHA for lo...
Wed, Aug 4 2010, 2:09 PM
A new Fannie Mae website for borrowers provides anonymous and non-judgmental assistance for borrowers who are in difficulty with their mortgages. The...
Tue, Aug 3 2010, 2:57 PM
Two months after the tax credit expired, the national housing market is stagnate near record low levels of activity. Jobs were the issue before the ta...
Mon, Aug 2 2010, 4:53 PM
Residential construction spending includes remodeling, additions, and major replacements to owner occupied properties subsequent to completion of orig...
Mon, Aug 2 2010, 3:44 PM
Governments are cutting education funding, emergency budgets, police overtime, parks and recreation allocations, fire fighter training, etc, etc, etc....
Fri, Jul 30 2010, 12:23 PM
The dormant USDA Section 502 rural housing program was revived by Congress yesterday and a House committee approved a bill to encourage owners of HUD ...
Thu, Jul 29 2010, 12:31 PM
The Administration has begun to telegraph its intentions to move forward with reforms of the housing finance system. A conference will be held next m...
Thu, Jul 29 2010, 9:33 AM
The Census Department released its survey of Residential Vacancies and Homeownership for the second quarter of 2010 which indicated that vacancies of ...
Wed, Jul 28 2010, 9:25 AM
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending July 23, 2010. Mortgage loan applic...
Wed, Jul 28 2010, 3:18 PM
HUD and FHA opened a public comment period on Thursday on another series of changes to underwriting guidelines, including the reduction of seller conc...
Wed, Jul 28 2010, 2:24 PM
Nearly all Districts reported sluggish housing markets in the months since the homebuyer tax credit expired on April 30. While some Districts, such as...
Tue, Jul 27 2010, 10:26 AM
Housing’s image certainly is as battered as it’s ever been. Responsibility for this last recession is rightfully borne by a mortgage market on steroid...
Tue, Jul 27 2010, 9:07 AM
US MAY HOME PRICES IN 20 METRO AREAS RISE 0.5 PCT SEASONALLY ADJ (CONSENSUS 0.2 PCT) VS 0.6 PCT IN APRIL - S&P/CASE-SHILLER
Tue, Jul 27 2010, 1:47 PM
FHA has published the names of over 1,000 lenders who have been sanctioned over the past months. Penalties include temporary or permanent suspension f...
Mon, Jul 26 2010, 10:03 AM
New Home Sales in June rebounded from historic lows in May. Attention should be given to the fact that May survey data was revised from 300,000 new ho...
Thu, Jul 22 2010, 10:24 AM
Nothing has changed since last year, the tax credit just covered up structural weakness at the core of housing demand.
Wed, Jul 21 2010, 10:45 AM
"As rates on 30- and 15-year fixed-rate mortgages declined to the lowest levels recorded in the survey, refinance activity increased last week. The r...
Wed, Jul 21 2010, 2:39 PM
The second edition of the administrations composite housing score card covers a number of indices on the state of the housing market. New this month ...
Tue, Jul 20 2010, 12:47 PM
Lower loan volume and a decreased pull-through rate led to higher production costs and reduced profits for independent mortgage companies and subsibia...
Tue, Jul 20 2010, 9:42 AM
FHA Commissioner David Stevens wrote to the industry today. He discusses over exuberant underwriting standards, lender accountability, and sustainable...
Tue, Jul 20 2010, 6:31 PM
After a huge improvement in May, multi-family housing starts led the overall starts number lower with a 26,000 unit decline. Single-family starts fell...
Mon, Jul 19 2010, 3:19 PM
The July survey of builders conducted by the National Association of Home Builders found that its members are seeing few bright spots in the market no...
Mon, Jul 19 2010, 1:23 PM
Homelessness used to ebb and flow but now seems to always be with us. The focus has slowly changed from treating it as an emergency to a long term fo...
Mon, Jul 19 2010, 1:02 PM
Guidelines and procedures for participants in HUD's Neighborhood Stabilization Program to participate in FHA's First Look Program were published yeste...
Fri, Jul 16 2010, 8:02 PM
After much ado our political "leaders" have finally come to an agreement on the broadest regulatory overhaul since the Glass Steagal Act of 1933. By a...
Fri, Jul 16 2010, 1:25 PM
The House of Representatives has passed a 5-year authorization of the National Flood Insurance Program. A similar measure continues to be stalled in ...
Thu, Jul 15 2010, 5:49 PM
The midyear numbers put us on pace to exceed 3 million properties with foreclosure filings by the end of the year, and more than 1 million bank reposs...
Wed, Jul 14 2010, 10:33 AM
Fixing a consumer's credit is not an easy process, nor is it quick. Depending on the make-up of defaults, it can take years to rebuild a credit profil...
Wed, Jul 14 2010, 4:05 PM
A new report on mortgage fraud released on Wednesday indicates that approximately one in every 200 loan applications contains a misrepresentation that...
Wed, Jul 14 2010, 3:34 PM
Stimulus is wearing off and the economy is trying to gain recovery traction on its own (with the help of a 0.00-0.25% Fed Funds Rate). While the macro...
Tue, Jul 13 2010, 3:26 PM
Beyond the human costs, local and federal government suffer very real economic impacts from homelessness. The homeless, particularly those who are ch...
Mon, Jul 12 2010, 12:52 PM
The Federal Housing Finance Agency (FHFA) has issued subpoenas to 64 companies seeking loan documents and other information related to private-label m...
Thu, Jul 8 2010, 1:03 PM
The National Association of Realtors reports that a stronger dollar and improving economy are motivating many international buyers to purchase homes i...
Wed, Jul 7 2010, 3:06 PM
Is the rise in the refi index a factor of new borrowers entering the refi market or is it a factor of borrowers re-locking at another lender for a low...
Tue, Jul 6 2010, 10:55 AM
The Department of Housing and Urban Development has released preliminary data from its 2009 American Housing Survey showing that American homes are bi...
