Fri, Aug 9 2013, 10:52 AM
Approximately
43,000 newly constructed homes were purchased in July, the Mortgage
Bankers Association (MBA) said today. MBA based its estimate on
...
Fri, Aug 9 2013, 3:09 PM
The
Office of Inspector General (OIG) of the Federal Housing Finance
Agency (FHFA) has published an assessment of the Home Affordable
Refinance Pr...
Fri, Aug 9 2013, 1:00 PM
When
municipalities like San Bernardino County, California, Chicago,
Brockton, Massachusetts, and Richmond California first proposed using
their po...
Thu, Aug 8 2013, 10:46 AM
Republican members of the House Financial Services Committee
claimed leadership in the area of housing finance reform in the wake
of President Oba...
Thu, Aug 8 2013, 10:42 AM
Fannie
Mae reported this morning that it posted its sixth consecutive
quarterly profit in the second quarter of 2013 and will pay taxpayers
a $10....
Thu, Aug 8 2013, 5:58 PM
The 9 th District U.S. Court
of Appeals in San Francisco may have opened the door for a rash of
lawsuits by homeowners who were not offered the p...
Thu, Aug 8 2013, 1:32 PM
Distressed
loans fell to the lowest level in five years during the second
quarter the Mortgage Bankers Association (MBA) said today. Both
delinq...
Wed, Aug 7 2013, 12:04 PM
Freddie
Mac has again reported strong quarterly financial results with net
income in the second quarter of 2013 coming in at $5.0 billion, $0.6
bi...
Wed, Aug 7 2013, 11:31 AM
Consumers appear to take for granted
that mortgage interest rates are going to rise. Only 5 percent of
respondents to the July National Housing ...
Wed, Aug 7 2013, 10:54 AM
President
Barack Obama, speaking to an audience in Phoenix yesterday, tied his
proposal reforming the U.S. housing system to both his on-going theme...
Wed, Aug 7 2013, 8:49 AM
The
summer doldrums prevailed during the week ended August 6 with
mortgage activity barely stirring compared to the previous week and
interest rate...
Wed, Aug 7 2013, 4:20 PM
Freddie Mac fired a warning shot in the
direction of the City of Richmond California today, threatening to
sue if the city moves forward with its ...
Tue, Aug 6 2013, 9:33 AM
President Barack Obama will spotlight
his vision for the future of the U.S. Housing system in a speech this
afternoon in Phoenix. While few detai...
Tue, Aug 6 2013, 4:34 PM
Bank of American (BOA) was charged
along with two of its subsidiaries on Tuesday with defrauding
investors who bought residential mortgage-backed s...
Tue, Aug 6 2013, 2:18 PM
Mortgage delinquency data released by
TransUnion today show that mortgage delinquencies are plummeting nationally. The rate of borrowers 60
days ...
Tue, Aug 6 2013, 2:09 PM
The list of 'Improving Markets"
compiled by the National Association of Home Builders (NAHB) and
First American Title declined by eight in August t...
Tue, Aug 6 2013, 1:38 PM
Housing prices increased by what the
Chief Economist for CoreLogic called " a remarkable 10 percent "
in the first six months of 2013, the company...
Mon, Aug 5 2013, 11:02 AM
The
headline news from the Lender Processing Services (LPS) Mortgage
Monitor Report for June, that
early mortgage delinquencies had surged 10 pe...
Mon, Aug 5 2013, 3:11 PM
Is the recent change in long-term
Treasury yields the result of investors optimism about higher
short-term rates down the road, or are they demandin...
Mon, Aug 5 2013, 2:49 PM
The
Mortgage Bankers Association's new Mortgage Credit Availability Index
(MCAI) increased in June to 112.3 from 108.9 in May, an increase of
2...
Fri, Aug 2 2013, 5:35 PM
The
number of companies holding licenses to lend, originate, or service
mortgage loans declined slightly in the first quarter of 2013 from
one ye...
Thu, Aug 1 2013, 10:57 AM
Home prices increased during the first
quarter of 2013 by 10.2 percent, the first double-digit quarterly
increase since the "bubble" peaked seven ye...
Thu, Aug 1 2013, 4:23 PM
The chairs of the House Financial
Services (FSC) and the Oversight and Government Reform Committees are
focusing on business relationships four fo...
Wed, Jul 31 2013, 10:22 AM
Months after other cities quietly
dropped similar plans the city of Richmond, California yesterday
quietly moved to buy 624 residential mortgages...
Wed, Jul 31 2013, 9:00 AM
" Mortgage rates were little changed
last week, but remain roughly one percentage point higher than they
were three months ago," said Mike Fratanto...
Wed, Jul 31 2013, 1:20 PM
Senate Bill 1376, A bill to improve
the Federal Housing Administration and to ensure the solvency of the
Mutual Mortgage Insurance Fund, has been...
Tue, Jul 30 2013, 10:52 AM
S&P/Dow Jones Indices said this
morning that its Case-Shiller 10-City and 20-City Composite Indices continued
to rise in May, up 2.5 percent and 2.4...
Tue, Jul 30 2013, 9:57 AM
There were 55,000 completed foreclosures in the U.S.
in June CoreLogic reported this morning.
This is a 2.5 increase from May when there were a r...
Tue, Jul 30 2013, 4:09 PM
Fannie Mae and Freddie Mac told their
lenders today that they will soon provide a common industry data set for the Consumer
Financial Protection B...
Tue, Jul 30 2013, 4:03 PM
Commercial and multifamily mortgage
originations jumped 36 percent in the second quarter of 2013 compared to the
first quarter and were up 7 perce...
Mon, Jul 29 2013, 12:15 PM
May home price rose 1.3 percent nationally on Lender
Processing Services (LPS) Home Price Index (HPI) the company said today. The
index is now at ...
Mon, Jul 29 2013, 10:32 AM
Rising interest rates and home prices
are blamed for a slight dip in the number of pending sales in June the National
Association of Realtors® (NAR)...
Mon, Jul 29 2013, 4:42 PM
In the same vein as Wells Fargo and Chase, Everbank today announced it would no longer be offering a wholesale lending
channel. While nowhere n...
Fri, Jul 26 2013, 10:52 AM
The cost, efficacy and fairness of the
mortgage interest deduction ( MID ) are part of nearly every discussion
in Washington about the tax code, h...
Fri, Jul 26 2013, 2:10 PM
Last week the Office of Inspector
General (OIG) of the Federal Housing Finance Agency (FHFA) issued a
report on FHFA's initiative to use guarantee f...
Thu, Jul 25 2013, 10:40 AM
About
50 broadly diversified investors are participating in a $500 million
offering by Freddie Mac of Structured Agency
Credit Risk (STACR SM ) D...
Thu, Jul 25 2013, 10:21 AM
Lender Processing Services (LPD) will
be reporting a huge spike in the U.S. Loan delinquency rate when it
releases its Mortgage Monitor
for Jun...
Thu, Jul 25 2013, 2:43 PM
Freddie Mac reported today that its
total mortgage portfolio increased at an annualized rate of 0.5
percent in June. The portfolio balance at t...
Thu, Jul 25 2013, 2:36 PM
Reuters is reporting that federal
regulators are considering revamping some of their rules related to
the retained risk provisions of the Dodd-Fra...
Wed, Jul 24 2013, 11:01 AM
New home sales in June rose to a
seasonally adjusted rate of 497,000 units an increase of 8.3 percent
compared to sales in May. The June figure w...
Wed, Jul 24 2013, 10:53 AM
While
foreclosure starts in California bumped up slightly in the second
quarter, the number of homeowners entering foreclosure in that state
was ...
Wed, Jul 24 2013, 8:54 AM
Applications
for refinancing continued to fall during the week ended July 19 and,
according to the Mortgage Bankers Association (MBA) are now at t...
Wed, Jul 24 2013, 3:54 PM
Investors have played a major role in
California real estate since the financial crisis began and are
continuing to fuel the housing recovery in tha...
Wed, Jul 24 2013, 2:00 PM
Among topics covered in a report from
the Special Inspector General for the Troubled Asset Relief Program
(SIGTARP) issued today was a critical sum...
Tue, Jul 23 2013, 10:27 AM
Home prices rose on a month-over-month
basis for the 16 th consecutive month in May the Federal
Housing Finance Agency (FHFA) said today Prices...
Tue, Jul 23 2013, 3:38 PM
A Utah-based mortgage
company is being accused of paying its employees for steering
customers into higher priced mortgages. The Consumer Financia...
Tue, Jul 23 2013, 2:11 PM
The considerably
larger volume of loans in the foreclosure process in the judicial
states appears to be impeding home price recovery in those stat...
Mon, Jul 22 2013, 10:57 AM
Existing home sales dipped slightly in
June and May sales were revised down from previously reported levels
the National Association of Realtors®
(...
Mon, Jul 22 2013, 5:25 PM
The Treasury Department called attention to trends in "redefaults" among loans modified under the Home Affordable Modification Program
(HAMP) in a ...
Mon, Jul 22 2013, 3:23 PM
Representative
John Campbell (R-CA) has reintroduced the Defending American
Taxpayers From Abusive Government Takings Act he originally
sponsored...
