News

May 24, 2012 05:08 PM
NY Mortgage Trust issues stock to buy Fannie, Freddie bonds

New York Mortgage Trust ($6.93 0.02%) is offering four million shares of common stock as part of its investment strategy to acquire agency...

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May 24, 2012 05:00 PM
Fed releases foreclosure review plan for Ally

The Federal Reserve released a plan between Ally Financial and third-party consultant PricewaterhouseCoopers, hired to conduct the independent foreclosure review.

The release also included...

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May 24, 2012 04:04 PM
Fed releases foreclosure review plan for Ally

The Federal Reserve released a plan between Ally Financial and third-party consultant PricewaterhouseCoopers, hired to conduct the independent foreclosure review.

The release also included...

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May 24, 2012 01:45 PM
U.S. district judge keeps Dallas DA's MERS case alive

U.S. District Court Judge Reed O'Connor kept the Dallas County District Attorney's case against Merscorp Inc. alive this week when he dismissed five of 12 claims against the parent company of Mortgage Electronic Registration Systems, but...

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May 24, 2012 12:20 PM
Federal RMBS fraud task force reaches out to whistleblowers

The working group formed by the Justice Department and several other agencies to investigate residential mortgage-backed securities fraud during the housing boom opened a website for potential whistleblowers.

The Obama administration...

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May 24, 2012 10:51 AM
Senate Republicans may be on board with more HARP expansions

Senate Republicans are considering some Democrat proposals to expand refinancing to even more Fannie Mae and Freddie Mac borrowers.

The Federal Housing Finance Agency...

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May 24, 2012 10:42 AM
Senate Republicans may be on board with more HARP expansions

Senate Republicans are considering some Democrat proposals to expand refinancing to even more Fannie Mae and Freddie Mac borrowers.

The Federal Housing Finance Agency...

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May 24, 2012 11:56 AM
Another billion-dollar MBS lawsuit targets big banks

Multiple companies named big investment banks JPMorgan ($33.97 -0.29%), Goldman Sachs ...

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May 24, 2012 12:50 PM
Another billion-dollar MBS lawsuit targets big banks

Multiple companies named big investment banks JPMorgan ($33.97 -0.29%), Goldman Sachs ...

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May 24, 2012 10:04 AM
FDIC-insured institutions on the mend, report says

Earnings rose and the number of troubled banks declined during the first quarter, indicative of a banking sector on the mend, according to a report from the Federal Deposit Insurance Corp.

Asset quality indicators continued to show improvement with banks and thrifts...

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May 24, 2012 10:07 AM
MBA: Mortgage originations will outpace 2011

Because of increased refinance applications and originations, the Mortgage Bankers Association raised its mortgage origination forecast for 2012 by $188 billion to $1...

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May 24, 2012 09:55 AM
MBA: Mortgage originations will outpace 2011

Because of increased refinance applications and originations, the Mortgage Bankers Association raised its mortgage origination forecast for 2012 by $188 billion to $1...

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May 24, 2012 08:58 AM
Record low mortgage rates hold steady

Fixed-rate mortgages held steady from the prior week’s record lows, helping to drive homebuyer affordability across the nation.

The Freddie Mac survey showed the 30-year FRM averaged 3.78% for the week ending Thursday — a new low — ticking down from the prior week's...

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May 24, 2012 08:14 AM
Commercial real estate price recovery slows

The rebound in commercial property prices slowed over the first three months of 2012, according to a new report from Moody's Investors Service and Real Capital Analytics.

Prices gained more than 28% since the low point in January 2010, recovering nearly...

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May 24, 2012 07:58 AM
Jobless claims fall by 2,000 to 370,000 filings

The number of Americans filing for unemployment insurance fell by 2,000 to 370,000 filings for the week ending May 19, the government said Thursday.

That is down from the 372,000 filings a week earlier, which is based on revised estimates. Meanwhile, the...

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