Fri, Sep 27 2013, 1:26 PM
The Federal Housing Administration
(FHA) notified Congress this morning that, as had been rumored earlier in the
week, it will need to draw on its b...
Thu, Sep 26 2013, 10:22 AM
Reuters and the Wall Street Journal are both reporting that the Department of
Housing and Urban Development (HUD) and its Federal Housing Administr...
Mon, Sep 16 2013, 10:24 AM
On Friday the 13th the CFPB released the final amendments
to the Loan Officer Compensation, Servicing, QM and HOEPA Rules. The
official release ...
Mon, Aug 19 2013, 2:05 PM
The financial crisis took its toll on Wall Street and Main Street
alike. Mistakes were made and bills went unpaid on both sides of the
fence, but...
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, 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, 9:45 AM
Uh oh, just as I head to New York, this comes up. When the new MIP rules
went into effect, disclosures needed to be updated. A very informal
pol...
Tue, Jul 23 2013, 10:10 AM
I want one of those jobs where people ask, "Do you actually get paid
for doing this?" Most folks involved in lending or real estate rarely
hear th...
Mon, Jul 22 2013, 9:25 AM
We'll see a lot of housing news this week. Recently May 2013's, and
before that April's, national and regional prices showed continued
improvement...
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...
Wed, Jun 5 2013, 12:24 PM
Representative
Darrell Issa (R-CA) is said to have accused the Federal Housing
Administration (FHA) of attempting to bury a $115 shortfall in its
...
Tue, Jun 4 2013, 11:16 AM
"Rob, how can I gear up my consumer direct division to go after purchase business? "
That is a good question to which I don't know the answer - wis...
Mon, May 13 2013, 10:16 AM
It is a time to celebrate those 65 and older through ceremonies, events and public recognition - in which most of which the folks in this group have n...
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...
Mon, Apr 22 2013, 9:39 AM
Wells Fargo has decided that it time to embark on a $100 million expansion in Iowa : This is in spite of the industry concerned about less volume an...
Tue, Apr 16 2013, 11:25 AM
Given current rates , and thus the rates at which millions of people are refinancing, the home lending industry has become keenly interested in wh...
Wed, Apr 10 2013, 12:08 PM
The Lender Processing Service (LPS)
February Mortgage Monitor found that
loan prepayment rates, historically a good indicator of refinancing activ...
Wed, Apr 10 2013, 2:49 PM
The House Financial Services
Subcommittee heard testimony today from housing industry leaders on
congressional efforts to reform the Federal Housin...
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...
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...
Tue, Apr 2 2013, 5:04 PM
In 1981 Jimmy Carter handed the reins to Ronald Reagan. The prime rate hit 20.5% , and yes, people still bought houses. (It has been at 3.25% for the...
Thu, Feb 28 2013, 3:45 PM
I continue to see concerns in the market about the fate of "affiliate relationships" in a QM world, especially in regard to builder/lenders. (Remem...
Thu, Feb 28 2013, 2:33 PM
David H. Stevens ,
President & CEO of the Mortgage Bankers Association (MBA), and Gary Thomas ,
President of the National Association of Realtors® ...
Wed, Feb 20 2013, 11:59 AM
The share of refinancing relative to all mortgage originations increased
sharply in January, rising from 69 percent the previous month to 73 percen...
Wed, Feb 13 2013, 3:43 PM
On Wednesday the
House Financial Services Committee held a second in a scheduled series of hearings to look
into the financial condition of the Fed...
Thu, Feb 7 2013, 10:37 AM
On
Wednesday the House Financial Services Committee held the first of a scheduled series
of hearings on the financial condition of the Federal Hous...
Thu, Jan 31 2013, 3:32 PM
Detroit...near bankruptcy ? But many areas are doing well. As housing in established urban neighborhoods becomes ever rarer and more expensive, buyer...
Wed, Jan 30 2013, 3:15 PM
Federal Housing Administration
Commissioner Carol Galante has just announced several significant changes to
FHA requirements, processes, and fees ...
Wed, Jan 23 2013, 1:35 PM
In this third installment summarizing a Getting on the Right Track: Improving Low-Income and Minority Access to Mortgage Credit after the Housing Bust...
Mon, Dec 31 2012, 9:56 AM
The Senate
has confirmed Carol Galante as head of the Federal Housing Administration (FHA). The confirmation will remove the term "acting"
from h...
Thu, Dec 20 2012, 10:36 AM
Well, here is some interesting news for taxpayers, as if we don't have
enough: Fannie & Freddie may have lost $3 billion due to LIBOR fixing by
ba...
Wed, Dec 19 2012, 2:15 PM
The authors of a study just released by the University of
North Carolina's Center for Community Capital suggest that the current condition
of the Fe...
Tue, Dec 18 2012, 5:10 PM
Apparently fearful of another bail out,
six Republican members of the House Financial Services Committee sent a letter
to the Obama Administration...
Fri, Dec 14 2012, 2:36 PM
According
to the American Enterprise Institute, the Federal Housing Administration (FHA
is engaging in practices that are resulting in a high propor...
Wed, Nov 28 2012, 10:19 AM
In ancient days, when mortgage rates were different for various areas
around the country and people relied on carbon paper and Fannie gold book
am...
Mon, Nov 19 2012, 10:41 AM
"Be good to your neighbor - they know where you live!" The Pilgrims did
not have many neighbors, but in the in the fall of 1621 they held a three-day...
Fri, Nov 16 2012, 10:24 AM
Why fit in when you're born to stand out? I remember when every computer
had McAfee anti-virus software - it stood out. This has nothing to do with
...
Fri, Nov 16 2012, 1:33 PM
The U.S. Department of Housing and
Urban Development (HUD) said today that the capital reserve ratio of the Federal
Housing Administration's (FHA) M...
Thu, Nov 15 2012, 9:44 AM
The median age of a Realtor is 56 - as in "fifty six."
I...
Thu, Nov 1 2012, 8:39 AM
The Federal
Reserve's Senior Loan Officer Opinion Survey on Bank Lending Practices asked lending officers from 64 institutions for
information on ...
Sat, Oct 27 2012, 8:22 AM
I confess that I own three type writers: the first helped my Mom at
Stanford in the 1940's, the second I used to teach myself how to type while in
h...
Tue, Sep 25 2012, 9:50 AM
Here is a story that attracts some notice: "Toys R Us said it will hire
45,000 seasonal employees across the United States to cope with the upcoming
...
Mon, Sep 24 2012, 11:31 AM
Welcome to the first business day since the autumn equinox. This is the
day when the tilt of the earth's rotational axis is perfectly perpendicular t...
Thu, Sep 20 2012, 1:19 PM
Misuse of the FHA Preforeclosure Sale
Program may have cost the Department of Housing and Urban Development (HUD)
over a billion dollars for ...
Tue, Sep 11 2012, 3:40 PM
The House passed the Federal Housing
Administration Fiscal Solvency Act Tuesday by a vote of 407 to 7. The act, as introduced by Representative Ju...
Tue, Aug 14 2012, 10:27 AM
A new face-to-face counseling
requirement for seniors seeking a reverse mortgage loan is no longer operative in
Massachusetts after surviving on...
Thu, Aug 9 2012, 12:48 PM
The one-to-four family residential
delinquency rate shot up 18 basis points during the second quarter to a seasonally
adjusted rate of 7.58 percent ...
Fri, Aug 3 2012, 12:09 PM
FHA lenders in Massachusetts have a new
set of rules governing the writing of reverse mortgages. As of right now, however, there is no clear
inform...
Wed, Jul 18 2012, 1:19 PM
The application process will begin today
for bidders to purchase approximately 9,000 loans that are in process to become
FHA owned real estate (RE...
Thu, Jul 5 2012, 10:32 AM
This is 70 seconds of "head shaking, jaw dropping," why one
should never bet on cards .
Many of us enjoyed a little BBQ grub yesterday. For the...
