Fri, Jul 2 2010, 1:03 PM
One way to get a picture of homelessness is to look at data collected by HUD during a single night when canvassers nationwide look in shelters, abando...
Thu, Jul 1 2010, 11:30 AM
Late Wednesday night the Senate followed the lead of the House of Representatives and voted to extend the closing deadline for the popular homebuyer t...
Thu, Jul 1 2010, 1:08 PM
The Pending Home Sales Index, a forward-looking indicator, dropped 30.0 percent to 77.6 based on contracts signed in May from a reading of 110.9 in Ap...
Wed, Jun 30 2010, 11:39 AM
As lenders have begun repossessing homes at record levels over the first half of 2010, it will be interesting to watch how they will manage the invent...
Wed, Jun 30 2010, 9:16 AM
Amid continuing financial market volatility, mortgage rates dropped again last week, with rates on 15-year loans reaching a record low for the MBA sur...
Wed, Jun 30 2010, 4:46 PM
FHA Commissioner David Stevens wrote to the industry today. He discussed RESPA reform and provided and update on the implementation of the SAFE Act.
Wed, Jun 30 2010, 2:35 PM
According to the Mortgage Bankers Association (MBA)'s Annual 2009 Mortgage Bankers Production Survey released on Wednesday, profits on the average loa...
Tue, Jun 29 2010, 5:29 PM
The House backed a measure to extend the closing deadline to Sept. 30 for buyers who met the April 30 deadline to have a signed contract. The current ...
Tue, Jun 29 2010, 5:16 PM
The Obama Administration's Strategic Plan to End Homelessness released last week is a pretty thorough examination of the state of the problem in the U...
Fri, Jun 25 2010, 11:56 AM
Delinquencies in the Freddie Mac mortgage portfolio appear to be leveling off according to the monthly volume summary released today. The portfolio s...
Thu, Jun 24 2010, 12:07 PM
The Mortgage Bankers Association is reporting that the delinquency rate for commercial mortgages held in mortgage backed securities has reached an al...
Thu, Jun 24 2010, 2:33 PM
The first states to receive funds under the Administration's "HFA Hardest Hit Fund" have been announced by the Treasury Department. Arizona, Californi...
Wed, Jun 23 2010, 11:10 AM
The Market Composite Index, a measure of mortgage loan application volume, decreased 5.9 percent on a seasonally adjusted basis from one week earlier....
Wed, Jun 23 2010, 8:09 AM
Investors are optimistic this morning ahead of the central bank’s afternoon policy announcement. Sentiment could easily change early into the session,...
Wed, Jun 23 2010, 3:49 PM
Defaulting borrowers who walk-away and had the capacity to pay or did not complete a workout alternative in good faith will be ineligible for a new Fa...
Wed, Jun 23 2010, 2:24 PM
The first quarter report on mortgage metrics from the Offices of Thrift Supervision and Comptroller of the Currency duplicate findings from other rece...
Tue, Jun 22 2010, 12:45 PM
An interagency council composed of 19 federal departments and agencies today released a strategic plan for dealing with homelessness among veterans, f...
Tue, Jun 22 2010, 11:52 AM
The Departments of Housing and Urban Development and Transportation will coordinate funding awards for planning projects linking housing and transport...
Tue, Jun 22 2010, 8:42 PM
Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, were at a seasonally adjusted an...
Tue, Jun 22 2010, 8:05 AM
The market's confidence in China’s decision to loosen its peg to the U.S. dollar ended up fizzling out before the close yesterday, leaving stocks flat...
Mon, Jun 21 2010, 8:56 AM
There are indications that players in Washington and elsewhere are beginning to look at housing and housing policy in a more holistic way that has bee...
Mon, Jun 21 2010, 8:49 AM
“Although the federal homebuyer tax credit expired at the end of April, contracts do not need to be closed until the end of June,” noted economists at...
Mon, Jun 21 2010, 4:53 PM
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today introduced a monthly scorecard on the nation'...
Mon, Jun 21 2010, 3:04 PM
HUD annual report to Congress on the incidence of homelessness found a slight decrease in the numbers of unsheltered homeless but an increase in the n...
Fri, Jun 18 2010, 1:02 PM
Four federal banking regulators have announced a proposed change to Community Redevelopment Act definitions which would allow local banks and thrifts ...
Thu, Jun 17 2010, 8:25 AM
The Consumer Price Index should be less impacted by oil prices than the producer price index, but the direction is expected to be the same. Initial Jo...
Thu, Jun 17 2010, 1:08 PM
The FBI has released the 2009 Mortgage Fraud Report. This report addresses current mortgage fraud projections, issues, and the identification of mort...
Wed, Jun 16 2010, 12:49 PM
The SEC has charged another former mortgage executive with fraud in a scheme intended to scam at least $1.5 billion from private investors and the U.S...
Wed, Jun 16 2010, 11:32 AM
Under orders from their conservator, Freddie Mac and Fannie Mae will begin the necessary process of delisting their common and preferred stocks from t...
Wed, Jun 16 2010, 9:49 AM
Mortgage applications for home purchases increased last week, the first increase in over a month. Refinance applications also picked up significantly...
Wed, Jun 16 2010, 8:21 AM
After a steady rally pushed the stock market up more than 2% yesterday, investors are nervous about extending those gains today. Concerns from Europe ...
Wed, Jun 16 2010, 4:57 PM
News wires are buzzing with reports that the Senate just approved an extension of the homebuyer tax credit June 30 closing deadline. THESE HEADLINES A...
Wed, Jun 16 2010, 3:44 PM
Fannie Mae today announced that servicers may immediately suspend or reduce mortgage payments for borrowers whose properties or income are negatively ...
Wed, Jun 16 2010, 1:47 PM
Following the expiration of the homebuyer tax credit, building permits are at a one-year low and single-family Housing Starts saw their largest month ...
Tue, Jun 15 2010, 11:08 AM
After recording month over month improvements in April and May, home builder confidence declined in June. Builders still remain very cautious and are ...
Tue, Jun 15 2010, 8:28 AM
Equity futures are once again indicated higher this morning. The question is whether stocks will maintain momentum throughout the day, or fizzle out j...
Tue, Jun 15 2010, 3:30 PM
HUD today released MORTGAGEE LETTER 2010-20. This Mortgagee Letter provides an overview of key provisions of HUD’s recently issued final rule referenc...
Mon, Jun 14 2010, 8:26 AM
Housing Starts ― or new construction of single-family homes ― are anticipated to fall in May after building permits contracted 11.5%. In April, the an...
Mon, Jun 14 2010, 2:07 PM
There are four housing indexes that the country looks to for information on the state of the market. According to a report from Standard & Poors (S&P...
Fri, Jun 11 2010, 11:33 AM
In a joint statement last week, Veterans Administration (VA) Secretary Eric K. Shinseki and Housing and Urban Development (HUD) Secretary Shaun Donova...
Fri, Jun 11 2010, 8:24 AM
Ahead of what should be a busy day in the markets, equity futures are looking to build upon the broad-based surge on Thursday. Ninety minutes before t...
Thu, Jun 10 2010, 12:39 PM
The good news is it seems like the worst is behind us in terms of new defaults. Plus the modest decline in newly scheduled auctions helps out housing ...
Thu, Jun 10 2010, 8:30 AM
Stocks are likely to open sharply higher this morning as a strong global session, China excluded, leads the way into positive territory. Ninety minute...
Thu, Jun 10 2010, 6:22 PM
The House of Representatives has just approved by a 406-4 vote the Federal Housing Administration Reform Act, a law designed to shore up the finances ...
Wed, Jun 9 2010, 11:39 AM
Purchase and refinance applications dropped this week, even after an adjustment for the Memorial Day holiday. Purchase applications are now 35 percen...
Wed, Jun 9 2010, 11:29 AM
FDIC Chairperson Sheila Barr told a group of non-profit housing developers Monday that the government needs to temper its focus on home ownership to a...
Wed, Jun 9 2010, 8:16 AM
Global markets were mixed overnight but domestic stock futures are higher as investors wait for the latest economic assessment from Federal Reserve ch...
Wed, Jun 9 2010, 3:47 PM
The Beige Book is a compilation of anecdotal information and data on current economic conditions across the country. The findings are NOT THE VIEWS OF...
Tue, Jun 8 2010, 12:06 PM
Fitch Ratings Performance Metrics for May show continued declines in delinquency rates for both subprime and Alt-A RMBS, but a slight increase in the ...
Tue, Jun 8 2010, 8:26 AM
No U.S. data will hit the markets this morning. Some of the positive sentiment stems from comments from Federal Reserve chairman Ben Bernanke, who las...
