Tue, Nov 5 2013, 12:09 PM
As promised last spring, the
Federal Housing Finance Agency (FHFA) has moved to rein in the relationship
between servicers and insurers providing fo...
Tue, Nov 5 2013, 12:01 PM
CoreLogic said today that its Home Price
Index (HPI) hit the highest level in September that it has reached since May
2008 , four months before wha...
Tue, Nov 5 2013, 5:06 PM
Homeowner and rental vacancy rates were essentially flat
during the third quarter of 2013. The
Census Bureau reported on Tuesday that the vacancy r...
Tue, Nov 5 2013, 2:00 PM
Some distressed homeowners in northern
California may have suffered a double whammy when their homes were foreclosed
the Department of Justice said ...
Mon, Nov 4 2013, 12:55 PM
One of the big worries in the
early days of the housing crises were the large numbers of adjustable rate
mortgages originated during the boom years ...
Mon, Nov 4 2013, 10:56 AM
The market share of first-time
homebuyers continued to decline this year, slipping one percentage point to 38
percent and down from the long-term ...
Mon, Nov 4 2013, 10:37 AM
Large financial institutions facing
their annual round of stress tests were given their scripts by regulators on
Friday. The tests are designed to
...
Mon, Nov 4 2013, 10:17 AM
A case that might have limited or at
least clarified a portion of the 1968 Fair Housing Act (FHA) has apparently
been settled before the Supreme Cou...
Fri, Nov 1 2013, 3:21 PM
According to sources speaking to Bloomberg , an agreement has been reached
between Wells Fargo Bank and the Federal Housing Finance Agency (FHFA) to...
Fri, Nov 1 2013, 1:34 PM
Despite statements of support from
housing advocates, industry trade groups, and the White House the Senate
yesterday refused to allow a vote on the...
Thu, Oct 31 2013, 11:58 AM
Completed foreclosures in September totaled
51,000 nationwide, down 39 percent from a year earlier when banks repossessed
84,000 homes. CoreLogic ...
Thu, Oct 31 2013, 11:20 AM
America's housing inventory is aging and
that perhaps could present an opportunity for bargain-hunting homeowners. RealtyTrac's Aging Homes Analy...
Thu, Oct 31 2013, 3:12 PM
The National Association of Realtors®
(NAR) added its comments to those of other housing groups about a re-proposed definition
of qualified resident...
Thu, Oct 31 2013, 3:09 PM
The Senate Banking Committee held a hearing
on Thursday on the preferred structure of any government guarantee of
mortgage-backed securities (MBA). ...
Wed, Oct 30 2013, 12:19 PM
The Senate Banking Committee heard from six witnesses on Tuesday on the
topic of " Housing Finance Reform: Essentials of a Functioning Housing Financ...
Wed, Oct 30 2013, 9:01 AM
There was a big jump in the volume of
applications for mortgage refinancing last week as customers reacted to the
lowest interest rates since earl...
Wed, Oct 30 2013, 4:59 PM
Nearly half of the homes sold so far
this year in California went for more than their asking price . Such sales usually result from so-called "...
Wed, Oct 30 2013, 3:06 PM
At an afternoon press conference on Wednesday
Secretary of Housing and Urban Development Shaun Donovan and Gene Sperling,
Director of the National E...
Wed, Oct 30 2013, 1:44 PM
The Mortgage Bankers Association (MBA)
issued a statement today urging the Senate to confirm a new director of the
Federal Housing Finance Agency (F...
Tue, Oct 29 2013, 10:59 AM
Both the
10-City and 20-City S&P-Case-Shiller Home Price Indices gained 1.3 percent
in August to values of 175.8 and 164.53 respectively. These i...
Tue, Oct 29 2013, 3:03 PM
It didn't attract a lot of notice at the time, but a speech last Wednesday
by Consumer Financial Protection Bureau (CFPB) Director Richard Cordray ap...
Tue, Oct 29 2013, 1:38 PM
The Mortgage Bankers Association (MBA) might
not have been smiling as it prepared the economic forecast for 2014 it handed
out today. The associatio...
Mon, Oct 28 2013, 12:07 PM
Access to the credit needed to drive this economy
is being stifled by government decisions that are an overreaction to events of
five years ago, ...
Mon, Oct 28 2013, 10:16 AM
Contracts for home purchases declined
for the fourth consecutive month the National Association of Realtors® (NAR)
said today. NAR's Pending Home...
Mon, Oct 28 2013, 9:34 AM
The Federal Housing Finance Agency (FHFA
has released details about its portion of the $13 billion settlement with JP
Morgan Chase (JPM) announced l...
Mon, Oct 28 2013, 3:19 PM
The acting
director of the Federal Housing Finance Agency (FHFA) discussed the future of
the government sponsored enterprises Freddie Mac and Fannie...
Mon, Oct 28 2013, 1:35 PM
Home prices ticked up a modest 0.4 percent in August Lender
Processing Services (LPS) said today. The company's Home Price Index
(HPI) based on...
Fri, Oct 25 2013, 10:28 AM
While not
directly acknowledging the protests that have come from both the public and
private sectors about his decision to unilaterally lower loan ...
Fri, Oct 25 2013, 4:03 PM
While it seems counterintuitive, could higher home prices lead an increase
in home sales? Two Federal Reserve Bank
of San Francisco senior economis...
Fri, Oct 25 2013, 1:32 PM
Savvy entrepreneurs or established organizations
have little to fear from the new qualified mortgage (QM) and Ability-to-Repay
(ATR) regulations abo...
Fri, Oct 25 2013, 1:06 PM
The Mortgage Bankers Association responded on Thursday to the re-proposed
Risk Retention rule submitted for comment by six regulatory agencies last
...
Thu, Oct 24 2013, 12:34 PM
Builders
who remodel residential properties are seeing continued activity in their
segment of the homebuilding market the National Association of Ho...
Thu, Oct 24 2013, 10:57 AM
A federal grand jury found the former Countrywide
Financial and one of its executives guilty of mortgage fraud on Wednesday in a
whistle-blower gene...
Thu, Oct 24 2013, 9:50 AM
There was a substantial increase in
September in the purchasing activity of what it called institutional investors
RealtyTrac said today. Persons...
Wed, Oct 23 2013, 12:38 PM
Home prices posted a 19 th
consecutive monthly gain in August the Federal Housing Finance Agency (FHFA)
said on Wednesday. FHFA's purchase only Ho...
Wed, Oct 23 2013, 10:58 AM
The national foreclosure rate jumped over 4 percent in September Lender
Processing Services, Inc. (LPS) said today, but the foreclosure inventory
...
Wed, Oct 23 2013, 9:11 AM
The volume of mortgage applications received by
the nation's lenders was virtually unchanged during the week ended October 18
the Mortgage Bankers...
Tue, Oct 22 2013, 5:01 PM
In the post-meltdown era of hyper-regulation, lenders are
understandably
not eager to stick their necks out any further than necessary. Many in
...
Tue, Oct 22 2013, 4:05 PM
In a move some borrowers and
originators might consider "too little, too late" both Fannie Mae and Freddie
Mac announced today they are expanding t...
Tue, Oct 22 2013, 3:28 PM
Pending homes sales in California dipped
by 1.8 percent on the California Association of Realtors® (C.A.R)
Pending Home Sales Index, falling to 106...
Tue, Oct 22 2013, 2:07 PM
The 'Value of Construction Put in
Place' survey for August was published on Tuesday, three weeks after its
scheduled release. The Census Bureau
re...
Tue, Oct 22 2013, 1:10 PM
In its October Outlook Freddie Mac says that the resurgent housing
market supported economic growth in the second quarter but the recovery appears...
Mon, Oct 21 2013, 11:02 AM
Even though sales of existing homes
drifted off the record levels established in the previous two months, September
sales were higher by double digi...
Mon, Oct 21 2013, 10:18 AM
It is being billed as the largest
single-institution settlement arising from the financial crisis. JPMorgan Chase (JPM) has agreed to pay $13
billi...
Mon, Oct 21 2013, 1:04 PM
Residential remodeling eased off in
August, dropping by 13 percent from the July seasonally adjusted annual rate of
3.434 million to 2.987 million...
Fri, Oct 18 2013, 5:11 PM
Despite declining FHA loan
originations (from 120,917 in April 2013 to 105,995 in July), HUD issued
Mortgagee Letter 2013-24 on August 15, tighteni...
Thu, Oct 17 2013, 6:25 PM
Home sales in California were down over
5 percent in September as buyers, according to the California Association of
Realtors® (C.A.R.) reacted to...
Thu, Oct 17 2013, 1:27 PM
LIRA, a forward looking indicator of
remodeling activity, continues to project a double digit annual increase in
home improvement spending through t...
Thu, Oct 17 2013, 1:20 PM
Some of the gist of Fannie Mae's October Economic
Forecast, released Thursday but written late last week, was made obsolete when
the government shut...
Wed, Oct 16 2013, 10:59 AM
Fannie Mae appears to be moving quickly
to meet the goal of risk sharing set for it by its conservator the Federal
Housing Finance Agency (FHFA). ...
