News

Articles in "Lending"

May 23, 2013 09:02 AM
Fixed-mortgage rates continue to rise: Freddie Mac

Fixed-mortgage rates jumped for the third consecutive week, which should further aid home sales and construction in coming weeks, Freddie Mac said in a report Thursday.

The 30-year, fixed-rate mortgage settled at 3.59%, up slightly from 3.51% last week, but down from...

Read More
May 22, 2013 06:00 AM
Mortgage apps tumble, refis drop to lowest since late March

Mortgage applications tumbled this week as refinancing and purchase applications continued their downward trend.

Application volume fell 9.8% from one week earlier for...

Read More
May 21, 2013 01:10 PM
QM likely to shrink mortgage lending space

Despite the Consumer Financial Protection Bureau attempt to make the ability-to-repay rule flexible, members of the financial committee addressed a variety of risks that come with the qualified mortgage, including the high risk of lenders reducing lending volume based on...

Read More
May 21, 2013 12:58 PM
QM likely to shrink mortgage lending space

Despite the Consumer Financial Protection Bureau attempt to make the ability-to-repay rule flexible, members of the financial committee addressed a variety of risks that come with the qualified mortgage, including the high risk of lenders reducing lending volume based on...

Read More
May 20, 2013 12:03 AM
Monday Morning Cup of Coffee: Investors keep sights on real estate

Monday Morning Cup of Coffee is a quick look at the news coming across the HousingWire weekend desk, with more coverage to come on bigger issues.

The investor frenzy in real estate continues with Atlanta-based private equity firm Hibernian Pacific Holdings...

Read More
May 17, 2013 04:44 PM
Reverse mortgage legislation approved by Texas House

The Texas House of Representatives approved legislation that would reverse mortgage lending in Texas. 

Supported by consumer groups, the House approved Senate Joint Resolution 18 by a 139-1 vote. Before it can become a law, the legislation will...

Read More
May 17, 2013 11:09 AM
Flagstar CEO steps down, moves to his old position

Lender Flagstar Bancorp ($13.42 -0.27%) announced an executive shake-up this week.

The Michigan-based firm reported that its current...

Read More
May 17, 2013 09:37 AM
FHFA director nomination may be pushed to back burner

The IRS scandal brewing in Washington D.C. may prompt Senate Republicans to put Rep. Mel Watt’s nomination to lead the FHFA on the back burner for now, analysts with Compass Point Research & Trading said this week.

The firm, which follows housing and...

Read More
May 16, 2013 03:57 PM
FHA offers remedies for HECM program headache

Members of the House Financial Services Committee listened with an attentive ear to proposed cures for the Federal Housing Administration’s biggest headache: the reverse mortgage program.

As it stands now, the FHA may have to seek a first-time...

Read More
May 16, 2013 04:21 PM
FHA offers remedies for HECM program headache

Members of the House Financial Services Committee listened with an attentive ear to proposed cures for the Federal Housing Administration’s biggest headache: the reverse mortgage program.

As it stands now, the FHA may have to seek a first-time...

Read More
May 16, 2013 01:08 PM
FHA offers remedies for HECM program headache

Members of the House Financial Services Committee listened with an attentive ear to proposed cures for the Federal Housing Administration’s biggest headache: the reverse mortgage program.

As it stands now, the FHA may have to seek a first-time...

Read More
May 16, 2013 08:58 AM
Fixed-mortgage rates inch higher: Freddie Mac

Fixed-mortgage rates inched higher for the second consecutive week amid signs of stronger consumer spending, Freddie Mac said in a report Thursday.

The 30-year, fixed-rate mortgage came in at 3.51%, up from 3.42% last week, but down from 3.79% last year, Freddie noted in...

Read More
May 16, 2013 08:55 AM
Fixed-mortgage rates inch higher: Freddie Mac

Fixed-mortgage rates inched higher for the second consecutive week amid signs of stronger consumer spending, Freddie Mac said in a report Thursday.

The 30-year, fixed-rate mortgage came in at 3.51%, up from 3.42% last week, but down from 3.79% last year, Freddie noted in...

Read More
May 15, 2013 12:18 PM
Title II misses Dodd-Frank's too-big-to-fail goals

A provision of Dodd-Frank designed to protect taxpayers from future bank bailouts caused a stir on Capitol Hill Wednesday.

Title II of the Dodd-Frank Act has analysts wondering if procedures designed to deal with troubled financial firms will be ineffective in curtailing excessive risk...

Read More
May 15, 2013 11:12 AM
Title II misses Dodd-Frank's too-big-to-fail goals

A provision of Dodd-Frank designed to protect taxpayers from future bank bailouts caused a stir on Capitol Hill Wednesday.

Title II of the Dodd-Frank Act has analysts wondering if procedures designed to deal with troubled financial firms will be ineffective in curtailing excessive risk...

Read More