Fri, Apr 5 2013, 3:18 PM
The March Housing Scorecard for March, jointly
produced by the Departments of Treasury and Housing and Urban Development,
focused on the large annua...
Thu, Apr 4 2013, 11:50 AM
While there have been numerous
studies of the effects of pre-purchase counseling , the NeighborWorks program
has never been independently evaluated...
Thu, Apr 4 2013, 11:36 AM
The number of metropolitan areas on the National Association
of Home Builders/First American Improving Markets Index (IMI) slipped by one in
April...
Thu, Apr 4 2013, 3:35 PM
A New York mortgage company has been sued by the U.S.
Department of Justice (DOJ) for alleged fraud against the Federal Housing
Administration (FHA...
Thu, Apr 4 2013, 1:40 PM
The four largest remaining private
mortgage insurance (PMI) companies have agreed to end what the Consumer
Financial Protection Bureau ( CFPB ) call...
Wed, Apr 3 2013, 10:29 AM
Rapidly rising home prices were confirmed by another
report this morning, this one from CoreLogic.
Its Home Price Index (HPI) jumped 10.2 percen...
Wed, Apr 3 2013, 9:36 AM
The pending increase in FHA guarantee
fees pushed applications for government-backed purchase mortgages up 7 percent butt
the overall volume of mo...
Wed, Apr 3 2013, 5:45 PM
Two state's attorneys general have
raised the public profile of their earlier requests that Edward DeMarco, acting
director of the Federal Housing F...
Tue, Apr 2 2013, 11:08 AM
Fannie Mae
reported today that the company had an annual net income of $17.2 billion for FY
2012 compared to a net loss of $16.9 billion in FY 20...
Tue, Apr 2 2013, 11:07 AM
The improving economy is leading to
mixed results for sales of non-owner occupied properties. The National Association of Realtors® (NAR)
reported ...
Tue, Apr 2 2013, 10:30 AM
Mortgage companies saw their average per-loan profits fall in the fourth quarter of 2012 as increasing costs outweighed higher revenues the Mortga...
Mon, Apr 1 2013, 11:05 AM
While a mortgage is a financial contract between a
borrower and a lender, when a foreclosure occurs there are repercussions that
impact parties ext...
Thu, Mar 28 2013, 9:57 AM
A new
report issued today by RealtyTrac says that the U.S. foreclosure inventory has
increased by about 12 percent since May 2012 when it hit a fi...
Thu, Mar 28 2013, 1:21 PM
In
addition to announcing the availability of a new consumer complaint database , Richard Cordray , Director of the Consumer Financial
Protection ...
Thu, Mar 28 2013, 1:18 PM
Starting today consumers will be
able to track complaints about products and services levied by other consumers
against some 450 financial services ...
Thu, Mar 28 2013, 1:14 PM
The
monthly housing commentary published by Fannie Mae's economists noted some
downsides to the market in early 2013.
Housing starts tumbled in ...
Wed, Mar 27 2013, 12:06 PM
Freddie Mac has announced a new Streamlined Modification Program that it says will "open a new gateway to mortgage relief for many of American's stu...
Wed, Mar 27 2013, 12:04 PM
The Federal Housing Finance Agency ( FHFA ) says that Freddie Mac and Fannie Mae (the GSEs) assisted 130,000 homeowners with one or more of their ...
Wed, Mar 27 2013, 10:15 AM
Demand is now pushing at the edges of the supply of available homes according to the National Association of Realtors® (NAR). Limited buyer choices...
Wed, Mar 27 2013, 9:58 AM
Applications for both purchasing and refinancing increased during the week ended March 22 according to information released this morning by the Mortga...
Wed, Mar 27 2013, 5:34 PM
The Office of Comptroller of the Currency (OCC) is reporting that the quality of mortgage loans serviced by selected national and federal savings ba...
Wed, Mar 27 2013, 4:03 PM
Pace Harmon an outsourcing advisory services firm, has prepared a memorandum for its clients suggesting strategies to manage forced placed insurance ...
Tue, Mar 26 2013, 10:52 AM
New home sales dropped in February to a seasonally
adjusted annual rate of 411,000 units.
This was down 4.6 percent from the revised rate in Jan...
Tue, Mar 26 2013, 10:39 AM
Average home prices increased in all 20 of
the cities tracked by the S&P/Case-Shiller Home Price Indices over the 12
months ended in January. Each...
Tue, Mar 26 2013, 10:18 AM
The so-called shadow inventory continues
to shrink and is now down 28 percent from its high point in January 2010. According to the January 2013...
Tue, Mar 26 2013, 9:07 AM
Another report, the third in a week, has been issued by the Federal
Housing Finance Agency's (FHFA) Office of Inspector General (OIG). The latest re...
Mon, Mar 25 2013, 3:40 PM
Equity sales , that is sales of
non-distressed properties, now constitute two-thirds of all home sales in California
compared to less than one-hal...
Mon, Mar 25 2013, 1:05 PM
Were mid-level managers who essentially ran mortgage
securitization during the housing boom aware of the systemic risks occurring in
subprime po...
Thu, Mar 21 2013, 12:10 PM
Seventy-five percent of the metropolitan areas tracked by the National Association of Home Builders (NAHB) for the NAHB/First American Improving Mark...
Thu, Mar 21 2013, 12:00 PM
Sales of existing homes and their prices continued to rise in February affirming, according to the National Association of Realtors® (NAR) which rel...
Thu, Mar 21 2013, 11:14 AM
A survey by the National Association of
Home Builders (NAHB) has found that the size of a home preferred by home buyers
varies by age, race, and eth...
Thu, Mar 21 2013, 10:59 AM
The evaluation report released this
morning by the Federal Housing Finance Agency's (FHFA) Office of the Inspector
General (OIG) has triggered a ...
Thu, Mar 21 2013, 9:48 AM
Freddie Macs senior economists Frank E. Nothaft
and Leonard Kiefer said
in the company's March Outlook that "the continued strengthening of the econ...
Thu, Mar 21 2013, 9:36 AM
Freddie Mac owned or guaranteed 10.6 million mortgages
that were being serviced by third parties at the end of 2012. Servicer responsibilities incl...
Thu, Mar 21 2013, 3:57 PM
Residential home
builders are reporting that a lack of available labor is hampering new home
construction the National Association of Home Builder...
Thu, Mar 21 2013, 2:42 PM
The
Center for Responsible Lending (CRL) has issued a critique and analysis of the
February 21 interim report on the National Mortgage Settlement ....
Wed, Mar 20 2013, 12:14 PM
Ellie
Mae's Origination Insight Report for
February noted a distinct drop in the share of loans originated for refinancing
during the month. A...
Wed, Mar 20 2013, 10:16 AM
Freddie Mac has filed a complaint in
federal court in Alexandria, Virginia alleging that 15 banks , including Bank of
America, JP Morgan Chase, UBS...
Wed, Mar 20 2013, 9:22 AM
Applications for refinancing represented
75 percent of all mortgage activity last week compared to 76 percent the week
before according to the Wee...
Wed, Mar 20 2013, 3:27 PM
Representatives Gary Miller (R-CA) and
Carolyn McCarthy (D-NY) have introduced legislation to increase the access of homebuilders
to credit . HR 1...
Wed, Mar 20 2013, 3:16 PM
The Federal
Housing Finance Agency's Office of Inspector General ( FHFA OIG ) released a
report today examining the recent changes to the Preferred ...
Tue, Mar 19 2013, 11:39 AM
Rising home prices lifted 200,000 homes
into a positive equity position in the fourth quarter of 2012. A total of 1.7 million homes regained equit...
Tue, Mar 19 2013, 10:04 AM
Housing permits were issued in February at
a seasonally adjusted annual rate of 946,000, an increase of 4.6 percent from
January and 33.8 percent h...
Tue, Mar 19 2013, 2:56 PM
Default
rates for most types of consumer loans were down slightly in February compared
to January and in every case were substantially below levels...
Tue, Mar 19 2013, 2:54 PM
Edward J. DeMarco , Acting Director of the Federal Housing Finance Agency
(FHFA) told lawmakers on Tuesday that the role of housing finance reform sh...
Mon, Mar 18 2013, 11:41 AM
The National Association of Home Builders (NAHB)/Wells Fargo
Housing Market Index, a measure of home builder confidence , slipped again in
March,...
Mon, Mar 18 2013, 9:26 AM
Nine state attorneys general have sent a
letter to President Obama, Senate Majority Leader Harry Reid and Senate
Minority Leader Mitch McConnell d...
Fri, Mar 15 2013, 4:06 PM
California house prices have now risen
on an annual basis for a full year according to the California Association of
Realtors® ( C.A.R. ). The med...
Thu, Mar 14 2013, 11:20 AM
Foreclosure activity blipped up slightly
in February but continues to recede on a year over year basis. RealtyTrac, the Irvine California firm that...
Thu, Mar 14 2013, 11:19 AM
A bi-partisan group of Senators has
introduced legislation that would prohibit any increase in the guarantee fees
levied by Freddie Mac and Fannie...
