Wed, May 15 2013, 1:14 PM
Several speakers representing lenders, servicers, and appraisers spoke to Realtors
attending their Midyear Legislative Meetings in Washington on Wedn...
Wed, May 15 2013, 1:05 PM
The percentage of loans originated for purchasing homes increased again in April , the third consecutive month they have done so. According Ellie Ma...
Tue, May 14 2013, 10:17 AM
Freddie Mac has opened applications for its new Streamlined Modification program , making it available to all eligible borrowers immediately, six we...
Tue, May 14 2013, 3:34 PM
American households have resumed what is now nearly a five year effort to decrease their debt. The Household Debt and Credit Report for the first qu...
Tue, May 14 2013, 3:20 PM
Home sales in Southern California hit a seven year high in April spurred by pent up consumer demand and high levels of investor activity . Prices ...
Tue, May 14 2013, 3:14 PM
The spring market may be bringing a little of the hoped for increase in available homes for sale. April data from Realtor.com indicated the inventory...
Tue, May 14 2013, 2:17 PM
Housing affordability declined slightly in the first quarter of this year, but remains near historic highs according to the National Association of H...
Tue, May 14 2013, 1:52 PM
CoreLogic's May MarketPulse report, released today, looks at the housing recovery and concludes that it is not occurring evenly across the U.S , bu...
Mon, May 13 2013, 12:46 PM
Realtors saw an increase in their income in 2012 for the second year in a row after nine straight years of losing ground The National Association of...
Mon, May 13 2013, 11:08 AM
The report points out, "It is hard to imagine a sustainable housing recovery taking place with fewer homeowners ."
This point, it says, "appears to...
Fri, May 10 2013, 10:09 AM
"The strong year over year increase
in confidence reported by builders for the 55+ market is consistent with year
over year increases in other seg...
Fri, May 10 2013, 9:30 PM
The Obama Administration's Monthly
Housing Scorecard for April was released this afternoon by the Departments of
Treasury and Housing and Urban De...
Fri, May 10 2013, 4:37 PM
The Office of Comptroller of the Currency ( OCC ) said today the more than 2.2 million people have cashed or deposited the checks they have received...
Fri, May 10 2013, 3:53 PM
One of the biggest challenges for retired borrowers is their ability to meet lenders’ income requirements. With 'stated-income' and 'no doc' loans ...
Fri, May 10 2013, 3:19 PM
Federal Reserve Governor Elizabeth A. Duke, told an audience at the Housing Policy Executive Council on Thursday that despite the sustained recovery...
Fri, May 10 2013, 2:28 PM
The California Association of Realtors® (C.A.R.) said today that rising home prices in the state are putting a dent in housing affordability . Fif...
Thu, May 9 2013, 11:30 AM
The Consumer Financial Protection Bureau (CFPB) is proposing to delay implementation of part of the Loan Originator Compensation Requirements it i...
Thu, May 9 2013, 3:49 PM
Despite rising home prices in U.S. metropolitan areas in the first quarter, the National Association of Realtors® (NAR) said today that home affordab...
Thu, May 9 2013, 2:27 PM
A former
senior official at Wilmington Trust Company, Wilmington, Delaware has pleaded
guilty to one count of conspiracy to commit bank fraud acco...
Thu, May 9 2013, 1:33 PM
Fannie Mae reported today that it had pre-tax income of $8.1 billion in the first quarter of 2013, the largest quarterly results in the company's hist...
Wed, May 8 2013, 12:46 PM
Freddie Mac is reporting that it earned net income of $4.6 billion in the first quarter of 2013, the second largest amount in the company's history ,...
Wed, May 8 2013, 10:22 AM
The decline in mortgage delinquencies appears to be picking up speed according to TransUnion's quarterly delinquency report . The national rate of l...
Wed, May 8 2013, 9:04 AM
While refinancing drove mortgage originations, a small uptick was enough to send purchase applications to a three year high according to data from...
Wed, May 8 2013, 2:25 PM
In a relatively scathing op-ed published today in the New York Daily News, New York State Attorney General Eric T. Schneiderman again called on P...
Tue, May 7 2013, 11:57 AM
The April edition of Fannie Mae's National Housing Survey revealed increasing optimism in American attitudes toward both housing and the overall eco...
Tue, May 7 2013, 9:28 AM
Home prices measured by CoreLogic increased by 10.5 percent on an annual basis in March, the largest year-over-year increase since March 2006 . The ...
Tue, May 7 2013, 4:15 PM
Fannie Mae
spotlighted the availability of its Servicing Management Default Underwriter TM
(SMDU TM ) today while alerting servicers that use of th...
Tue, May 7 2013, 1:23 PM
Refinancing volume remained high in February with more than 463,000 transactions completed through Freddie Mac and Fannie Mae (the GSEs) during the ...
Mon, May 6 2013, 12:29 PM
Freddie Mac and Fannie Mae , as directed by the Federal Housing Finance Agency ( FHFA ), took the first steps in implementation of the new " Qualifi...
Mon, May 6 2013, 11:36 AM
In
prepared remarks for a speech before the Mortgage Bankers Associations 2013
Secondary Market Conference on Monday MBA CEO David H. Stevens call...
Mon, May 6 2013, 2:09 PM
New York Attorney General Eric Schneiderman announced at a press conference this afternoon that his office will be suing Bank of America Corp (BOA) ...
Mon, May 6 2013, 1:43 PM
In yet another indication that the housing market is stabilizing, Lender Processing Services (LPS) said today that new problem loan rates have falle...
Mon, May 6 2013, 1:24 PM
The list of improving markets compiled by the National Association of Homebuilders (NAHB) and First American Title appears to have hit an inevitab...
Fri, May 3 2013, 10:58 AM
The Consumer Financial Protection Bureau (CFPB) has just published three compliance guides to help both lenders and consumers understand some of t...
Fri, May 3 2013, 1:43 PM
Each of the government sponsored enterprises ( GSEs ) has released a report analyzing the viability of their multifamily operations under a scenario...
Fri, May 3 2013, 1:02 PM
Approximately 20,000 severely delinquent FHA-guaranteed mortgage loans will be offered to investors through two Department of Housing and Urban De...
Thu, May 2 2013, 12:48 PM
Congressman Elijah E. Cummings recently introduced a bill that would create an independent monitor to oversee the distribution of funds paid by mor...
Thu, May 2 2013, 2:16 PM
The Center for Housing Policy today released a report on housing affordability among working households in the US. The report concludes an ongoi...
Wed, May 1 2013, 9:04 AM
Applications for refinancing increased
during the week ended April 26 driving the Mortgage Bankers Association's (MBA)
Market Composite Index up 1.8...
Wed, May 1 2013, 8:46 AM
President Obama has picked a replacement for acting Federal Housing Finance Agency (FHFA) director Edward J. DeMarco according to multiple news ou...
Wed, May 1 2013, 4:45 PM
Confirming earlier speculation, President Barack Obama this afternoon
nominated Congressman Mel Watt (D-NC) to be the director of the Federal Hous...
Tue, Apr 30 2013, 12:16 PM
Despite another month-over-month uptick, foreclosures continue to decline on an annual basis and, according to a report from CoreLogic today, are no...
Tue, Apr 30 2013, 10:52 AM
Every city in the S&P Case-Shiller 20-City Composite Index has now posted annual increases for at least two consecutive months. The February 2013 i...
Tue, Apr 30 2013, 4:05 PM
The Federal Housing Finance Agency (FHFA) has released a progress report on the common securitization infrastructure (CSI) being constructed as a ...
Tue, Apr 30 2013, 3:24 PM
Freddie Mac will be phasing in a new tool over the next few months which is designed to help lenders identify credit, data, and purchase eligibility ...
Tue, Apr 30 2013, 2:31 PM
The U.S. vacancy rate and the rate of homeownership both declined in the first quarter of 2013 with the homeownership rate hitting the lowest level...
Mon, Apr 29 2013, 10:59 AM
A key to improving the efficiency, accuracy, and
transparency of the housing finance system is standardization according to Stephen
Clinton , Fredd...
Mon, Apr 29 2013, 10:28 AM
Home purchase contract signings slowed in March
although they remained slightly above February levels and well above contract
signings one year ea...
Mon, Apr 29 2013, 4:46 PM
Lender Processing Services, Inc. (LPS) said Monday that its Home Price Index (HPI) for February was up 1.0 percent to $210 from the end-of-January I...
Fri, Apr 26 2013, 10:59 AM
Fort Worth based homebuilder D. R. Horton reported financial results for its second quarter that dwarfed results from a year earlier. The company's...
