News
The Mortgage Bankers Association completed its 2011 fiscal year, raking in earnings of $2.7 million, up from a loss of $28 million the year before.
The MBA's latest year-end earnings cover the 12-month period stretching from Oct. 1, 2010...
California credit unions took advantage of the Home Affordable Refinance Program and originated twice as many home loans in second quarter than the previous three months.
These smaller lenders wrote a collective $9.6 billion in mortgages, up from $4.6 billion at the beginning of the year...
California credit unions took advantage of the Home Affordable Refinance Program and originated twice as many home loans in second quarter than the previous three months.
These smaller lenders wrote a collective $9.6 billion in mortgages, up from $4.6 billion at the beginning of the year...
The construction of new residences fell from June to July as overall construction spending contracted after six months of gains, the Commerce Department said Tuesday.
Construction on homes fell 1.6% from June to July, reaching $264.6 billion in the most recent government...
The construction of new residences fell from June to July as overall construction spending contracted after six months of gains, the Commerce Department said Tuesday.
Construction on homes fell 1.6% from June to July, reaching $264.6 billion in the most recent government...
Home prices in July rose 3.8% over last year, making it the largest annual gain in six years, CoreLogic ($27.65 0.39%) said in its latest...
Congress will consider raising the guarantee fees Fannie Mae and Freddie Mac charge to lenders in order to pay for tax cuts and avoid the coming fiscal cliff.
Lawmakers voted last year to raise g-fees in order to pay for a previous round of tax cuts. The...
Fannie Mae and Freddie Mac will raise their guarantee fees charged to lenders by an average 10 basis points in order to encourage more private capital to fund the market, according to the Federal Housing Finance Agency.
"These changes...
Fannie Mae and Freddie Mac will raise their guarantee fees charged to lenders by an average 10 basis points in order to encourage more private capital to fund the market, according to the Federal Housing Finance Agency.
"These changes...
Federal Reserve Chairman Ben Bernanke used the backdrop of Jackson Hole, Wyo., to defend nontraditional monetary policies and to suggest the Fed will deploy stimulus tools again if economic conditions justify intervention.
Still, the Fed Chair remained noncomittal on...
Federal Reserve Chairman Ben Bernanke used the backdrop of Jackson Hole, Wyo., to defend nontraditional monetary policies and to suggest the Fed will deploy stimulus tools again if economic conditions justify intervention.
Still, the Fed Chair remained noncomittal on...
Bank of America ($13.43 0.07%) asked a federal court to dismiss a lawsuit filed against the banking giant by investors who claim BofA failed to...
The amount of mortgages taxpayer-backed Fannie Mae financed in July nearly doubled from the same month last year, according to its monthly summary.
The government-sponsored enterprise purchased $81.9 billion in mortgages during the month, up from $43 billion one year ago...
The amount of mortgages taxpayer-backed Fannie Mae financed in July nearly doubled from the same month last year, according to its monthly summary.
The government-sponsored enterprise purchased $81.9 billion in mortgages during the month, up from $43 billion one year ago...
Five years after risky mortgage-backed securitization products helped set off the worst financial crisis since the Great Depression, eight in 10 U.S. retail investors still cannot recognize one in trade disclosures, according to a Securities and Exchange Commission study.
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