News

May 30, 2013 10:52 AM
North Carolina judge finds fatal flaws in lawsuit against MERS, LPS

The register of deeds for Guilford County, N.C., lost a very public court battle against mortgage document processing firm Lender Processing Services and the Mortgage Electronic Registration Systems.

The lost court battle ends the...

Read More
May 30, 2013 10:32 AM
North Carolina judge finds fatal flaws in lawsuit against MERS, LPS

The register of deeds for Guilford County, N.C., lost a very public court battle against mortgage document processing firm Lender Processing Services and the Mortgage Electronic Registration Systems.

The lost court battle ends the...

Read More
May 30, 2013 09:22 AM
Mortgage rates hit highest level in a year: Freddie Mac

Fixed-mortgage rates escalated for the fourth week in a row, reaching the highest rates in a year, Freddie Mac said in a report on Thursday.

Despite the steady increase, mortgage rates still remain at historically low rates.

The 30-year, fixed-rate mortgage soared...

Read More
May 30, 2013 09:08 AM
NAR: Pending home sales up 10.3% from last year

Pending home sales continued to inch higher in April with the National Association of Realtors Pending Home Sales Index rising slightly to an index score of 106, a 0.3% increase from the...

Read More
May 30, 2013 09:06 AM
NAR: Pending home sales up 10.3% from last year

Pending home sales continued to inch higher in April with the National Association of Realtors Pending Home Sales Index rising slightly to an index score of 106, a 0.3% increase from the...

Read More
May 30, 2013 08:30 AM
Obama administration extends Making Home Affordable Program until 2015

The Department of Housing and Urban Development teamed up with the Treasury Department on Thursday to announce an extension of the Obama administration’s Making Home Affordable Program through Dec. 31, 2015. 

The new deadline was determined in...

Read More
May 30, 2013 08:27 AM
Obama administration extends Making Home Affordable Program until 2015

The Department of Housing and Urban Development teamed up with the Treasury Department on Thursday to announce an extension of the Obama administration’s Making Home Affordable Program through Dec. 31, 2015. 

The new deadline was determined in...

Read More
May 30, 2013 12:00 AM
Foreclosure activity continues to slide

The number of sales in the U.S. of properties in foreclosure continued to drop in the first quarter, with 18% fewer homes foreclosed upon when compared to the previous quarter. 

Down 22% from the first quarter of 2012, this year’s first quarter statistics show 190,121 sales of...

Read More
May 29, 2013 04:02 PM
Nationstar, Walter Investment better positioned for interest rate spikes

While it’s too early to claim interest rates will continue to move higher given previous run-ups and subsequent declines in the 10-year Treasury yield, certain business models will fare better in an environment where investors are focused on higher rates.

As a result, there are financial...

Read More
May 29, 2013 03:36 PM
Nationstar, Walter Investment better positioned for interest rate spikes

While it’s too early to claim interest rates will continue to move higher given previous run-ups and subsequent declines in the 10-year Treasury yield, certain business models will fare better in an environment where investors are focused on higher rates.

As a result, there are financial...

Read More
May 29, 2013 02:35 PM
A new bubble forecasted in key real estate markets

Rising home prices may be disguising an uncomfortable truth: homeowners are not recovering as fast as home prices.

Fitch Ratings analysts suggest skyrocketing prices in key markets are doing more harm than good when analyzed next to other economic data.

...

Read More
May 29, 2013 01:11 PM
A new bubble forecasted in key real estate markets

Rising home prices may be disguising an uncomfortable truth: homeowners are not recovering as fast as home prices.

Fitch Ratings analysts suggest skyrocketing prices in key markets are doing more harm than good when analyzed next to other economic data.

...

Read More
May 29, 2013 12:54 PM
CFPB finalizes Ability-To-Repay amendments

An exception for certain small lenders who want to extend loans with debt-to-income ratios above the 43% qualified-mortgage threshold is just one part of the Consumer Financial Protection Bureau's finalized Ability-to-Repay Rule (ATR) amendments.

The CFPB released...

Read More
May 29, 2013 11:11 AM
Improved loan quality lifts bank earnings to new high: FDIC

Commercial banks and saving institutions earned more from January through March than during any quarter on record due to fewer losses from bad loans and greater income from fees, a government report said.

The Federal Deposit Insurance Corporation earned $40.3 billion in...

Read More
May 29, 2013 10:22 AM
Improved loan quality lifts bank earnings to new high: FDIC

Commercial banks and saving institutions earned more from January through March than during any quarter on record due to fewer losses from bad loans and greater income from fees, a government report said.

The Federal Deposit Insurance Corporation earned $40.3 billion in...

Read More