Mon, Jul 22 2013, 1:51 PM
After a less-than-favorable reception at a hearing last Thursday, The House Financial
Services Committee (FSC) continues to campaign for the Prote...
Mon, Jul 22 2013, 1:35 PM
Fannie Mae said today in its July Economic and Strategic Report
that the view expressed in these reports since the first of this year
has not ch...
Fri, Jul 19 2013, 11:49 AM
The
House Financial Services Committee held a hearing Thursday on what is
called "discussion legislation" titled
A
Legislative Proposal to Pro...
Thu, Jul 18 2013, 12:45 PM
Reuters is reporting that the Senate
Banking Committee has approved the nomination of Mel Watt to replace
Edward J. DeMarco as director of the Fed...
Thu, Jul 18 2013, 12:04 PM
BB&T announced better than expected
financial results on Thursday, with second quarter earnings coming in
at 0.77 per share, .03 higher than estimat...
Thu, Jul 18 2013, 2:59 PM
The
Office of Inspector General (OIG) of the Federal Housing Finance
Agency (FHFA) has expressed some skepticism about FHFA's plans to
gradually ...
Wed, Jul 17 2013, 10:31 AM
Building permits and housing starts
both declined in June according to data released this morning by the
U.S. Census Bureau and the Department of Ho...
Wed, Jul 17 2013, 9:21 AM
After
months of delay the Senate voted Tuesday evening to confirm Richard
Cordray as the first director of the Consumer Financial Protection
Bureau...
Wed, Jul 17 2013, 9:16 AM
Purchase
applications shored up application volume during the week ended July
12 after four straight weeks of decline. Refinancing activity
continu...
Tue, Jul 16 2013, 12:38 PM
Is the 116 basis
points (bps) rise in rates from 3.35 percent to 4.51 percent within
the May 3 to July 12 th
enough to stall the housing recovery...
Tue, Jul 16 2013, 12:31 PM
The Housing Market Index (HMI) shot up
six points in July, reflecting the highest level of builder
confidence in the market for new homes since Ja...
Tue, Jul 16 2013, 12:12 PM
"The death of cash is greatly
exaggerated ." CoreLogic concurs with that quote from Mark Twain in
an article analyzing the impact cash sales has h...
Tue, Jul 16 2013, 2:06 PM
A perennial frontrunner of housing market trends, California's data
speaks to recent assertions that rising rates will affect sales more
than valu...
Tue, Jul 16 2013, 1:38 PM
Freddie Mac calls "Taper Talk" is
the main topic of conversation in the financial world, that is,
speculation about the timing and speed that the Fe...
Mon, Jul 15 2013, 9:22 AM
It would be a Hansel and
Gretelian task to follow the back and forth between the American Enterprise
Institute (AEI) and the Department of Housing a...
Fri, Jul 12 2013, 10:56 AM
The bill, which is still in draft form,
is sponsored by Republican members of the House Financial Services
Committee led by its chairman Jeb Hensarl...
Fri, Jul 12 2013, 3:08 PM
Generation X Americans, those born
between 1965 and 1979, formed the largest single group of homebuyers
in a recent survey conducted by the Nation...
Fri, Jul 12 2013, 2:45 PM
Over two-thirds of the $3.4 billion in checks issued to borrowers
who were aggrieved by various foreclosure mistakes or inequities had
been cashed a...
Thu, Jul 11 2013, 9:37 AM
Regulators
are proposing to exempt three types of loans from some of the
appraisal requirements for so-called higher priced mortgages . The
r...
Thu, Jul 11 2013, 9:36 AM
Even
as foreclosure activity is slowing dramatically nationwide, it
appears that judicial foreclosure states are revving up to clear
backlogs w...
Thu, Jul 11 2013, 5:06 PM
The
Mortgage Bankers Association (MBA) has just released the first
installment of a new measure of loan activity designed as a monthly
companion ...
Thu, Jul 11 2013, 3:08 PM
Data from the 2011 American Housing Survey which was released today
provides a bonanza of information for housing advocates and researchers
as we...
Thu, Jul 11 2013, 2:17 PM
Clarifications
and updates proposed by the Consumer Financial Protection Bureau
(CFPB) for the new Truth in Lending Act (TILA) and RESPA rules were
...
Wed, Jul 10 2013, 8:51 AM
Mortgage
application activity continued to slide last week , down 4 percent on
a seasonally adjusted basis from the week before, the fourth straig...
Wed, Jul 10 2013, 4:23 PM
The
Mortgage Bankers Association (MBA) has released the fifth and last in
a series of concept papers outlining its suggestions for immediate
step...
Wed, Jul 10 2013, 4:19 PM
A number of investors have filed suit
in two different courts against the U.S. Government over its
management of Freddie Mac and Fannie Mae (t...
Tue, Jul 9 2013, 11:01 AM
CoreLogic said today that completed
foreclosures ticked up slightly in May compared to April, but the
number of homes in process of foreclosure, the...
Tue, Jul 9 2013, 10:48 AM
The Mortgage Bankers Association (MBA)
and AllRegs® has released
the second monthly edition of their new Mortgage Credit Availability
Index (MCAI)...
Tue, Jul 9 2013, 1:19 PM
The
Office of the Comptroller of the Currency (OCC) along with the
Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve
Board (FRB)...
Mon, Jul 8 2013, 2:34 PM
The
Consumer Financial Protection Bureau's (CFPB's) Dodd-Frank
Mortgage Rules Readiness Guide is now available
to assist lending institutions e...
Mon, Jul 8 2013, 1:41 PM
Americans participating in Fannie Mae's
National Housing Survey were apparently not caught unawares by the
recent spike in mortgage interest rates...
Mon, Jul 8 2013, 1:16 PM
The number of metropolitan areas listed
as "improving" by the National Association of Home Builders
(NAHB) and First American Title fell slightly i...
Mon, Jul 8 2013, 1:01 PM
Mortgage delinquencies in May posted
the largest year-to-date drop seen since 2002 Lender Processing
Services (LPS) said today. Delinquencies wer...
Wed, Jul 3 2013, 10:58 AM
The Consumer
Financial Protection Bureau ( CFPB ) has issued a list of counties
determined to have been "rural" or "underserved" during 2012.
Th...
Wed, Jul 3 2013, 9:08 AM
The
numbers of mortgage applications fell again during the week ended
June 28, the third consecutive week they have done so. The Mortgage
Banker...
Tue, Jul 2 2013, 10:37 AM
There is a remarkable
degree of agreement among prevalent purveyors of Home Price Indices that prices this spring have risen higher and faster
tha...
Tue, Jul 2 2013, 10:27 AM
The Census Bureau reported this week
that there were approximately 31,600 privately financed,
non-subsidized rental apartment units completed in t...
Tue, Jul 2 2013, 3:14 PM
Two insurance industry trade groups,
the American Insurance Association and the National Association
of Mutual Insurance Companies, whose members se...
Mon, Jul 1 2013, 5:15 PM
Fannie Mae has agreed to take $968
million as compensation from Citigroup (Citi) for a large group of
mortgages the bank was accused of misrepre...
Mon, Jul 1 2013, 2:58 PM
The Joint Center for
Housing Studies released its annual State of the Nation's Housing
report last week. Key points indicate a housing recovery tha...
Thu, Jun 27 2013, 11:09 AM
The
National Association of Realtors® (NAR) said today that rising
interest rates may finally be forcing many hesitant buyers into the
market. ...
Thu, Jun 27 2013, 10:46 AM
After five years of tough sledding, the
Las Vegas real estate market may be turning around . DataQuick
reports that home sales in the city - which...
Wed, Jun 26 2013, 10:34 AM
Freddie Mac's Total Mortgage Portfolio
decreased from an unpaid principle balance (UPB) of $1.949 trillion
at the end of April to $1.944 trillio...
Wed, Jun 26 2013, 8:34 AM
The
Mortgage Bankers Association (MBA) said rising interest rates caused
mortgage application activity to fall for the second straight time
week ...
Tue, Jun 25 2013, 12:43 PM
The Consumer Financial Protection
Bureau ( CFPB ) has issued another set of proposed clarifications and
revisions to the mortgage rules it release...
Tue, Jun 25 2013, 11:51 AM
Lender Processing Services (LPS)
published a "first look" at month-end mortgage performance
statistics for May which continue to show substantial ...
Tue, Jun 25 2013, 11:28 AM
Home prices for April as reflected in
the Federal Housing Finance Agency's (FHFA) Home Price Index (HPI)
rose 0.7 percent on a seasonally adjusted ...
Tue, Jun 25 2013, 11:16 AM
Newly constructed home sales rose 2.1
percent in May to a seasonally adjusted annual rate of 476,000 units.
The U.S. Census Bureau and the Depa...
Tue, Jun 25 2013, 10:38 AM
Home prices rose faster from March to
April than they ever have in the history of the Case Shiller Indices
the S&P/Case-Shiller announced today. ...
Tue, Jun 25 2013, 4:16 PM
Lorraine Brown, the former CEO of
Lender Processing Services (LPS) subsidiary DocX, LLC and an alleged
key player in what came to be known as the ...
