News

September 18, 2012 08:02 AM
Housing in most markets stable or in recovery: Move Inc.

Most U.S. housing markets are stable or in recovery with a few industrial areas still battling high unemployment and a weak real estate market, according to Move Inc.

Data from August shows inventory levels on a downward trajectory and prices beginning to stabilize.

Last month, the...

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September 17, 2012 11:00 PM
FHFA to ready GSE counterparty contingency plans by early 2013

Fannie Mae and Freddie Mac will receive guidance from their regulator on developing contingency plans for failed lenders and servicers by the first quarter of 2013.

Both government-sponsored enterprises identified 300 counterparties that either sell home...

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September 17, 2012 05:35 PM
FHFA to ready GSE counterparty contingency plans by early 2013

Fannie Mae and Freddie Mac will receive guidance from their regulator on developing contingency plans for failed lenders and servicers by the first quarter of 2013.

Both government-sponsored enterprises identified 300 counterparties that either sell home...

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September 17, 2012 04:54 PM
Higher-income earners in few states dominate mortgage interest tax deduction

Those most likely to claim the highly protected mortgage interest tax deduction are higher-income earners in mainly 10 states.

Taxpayers with an adjusted gross income of $100,000 or more accounted for just 13% of all returns in 2008 but claimed 47% of all mortgage interest and property...

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September 17, 2012 04:10 PM
Higher-income earners in few states dominate mortgage interest tax deduction

Those most likely to claim the highly protected mortgage interest tax deduction are higher-income earners in mainly 10 states.

Taxpayers with an adjusted gross income of $100,000 or more accounted for just 13% of all returns in 2008 but claimed 47% of all mortgage interest and property...

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September 17, 2012 03:59 PM
FDIC reports housing market improvement in sand states

The so-called 'sand states' of California, Florida, Arizona and Nevada led the nation into the 2008 housing meltdown. But the popular real estate...

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September 17, 2012 03:46 PM
FDIC reports housing market improvement in sand states

The so-called 'sand states' of California, Florida, Arizona and Nevada led the nation into the 2008 housing meltdown. But the popular real estate...

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September 17, 2012 12:45 PM
Massachusetts foreclosure filings hit 2012 low

Massachusetts homeowners received the fewest amount of foreclosures this year in July, in anticipation of new state requirements.

Mortgage servicers in the state started fewer than 1,200 foreclosures in July, down 17% from the month before and below the previous low this year of 1,333 in...

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September 17, 2012 12:04 PM
Massachusetts foreclosure filings hit 2012 low

Massachusetts homeowners received the fewest amount of foreclosures this year in July, in anticipation of new state requirements.

Mortgage servicers in the state started fewer than 1,200 foreclosures in July, down 17% from the month before and below the previous low this year of 1,333 in...

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September 17, 2012 12:52 PM
Wells Fargo, JPMorgan Chase split on g-fee increase impact

It will take a lot more than higher g-fees to bring private capital and the securitization of mortgages back to the industry, analysts at FBR Capital Markets contend.

The firm’s stance is aligned with Wells Fargo...

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September 17, 2012 11:35 AM
Wells Fargo, JPMorgan Chase split on g-fee increase impact

It will take a lot more than higher g-fees to bring private capital and the securitization of mortgages back to the industry, analysts at FBR Capital Markets contend.

The firm’s stance is aligned with Wells Fargo...

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September 17, 2012 10:58 AM
Fannie Mae moving REO management in-house

The use of third parties to help Fannie Mae sell its REO properties is coming to an end.

Fannie Mae notified remaining vendors that the government-sponsored enterprise will transition all REO sales work completely to Fannie Mae's in-house teams over the course...

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September 17, 2012 10:24 AM
NAR calls for easier mortgage lending

Regulators and lenders could spur the creation of 250,000 to 350,000 jobs by easing tight lending standards that are causing an overcorrection in the space, the National Association of Realtors said Monday.

If there is one complaint NAR Chief...

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September 17, 2012 09:31 AM
CFPB, HUD face disparate impact mortgage lending dilemma

Lenders wanting to know the exact definition of discriminatory lending will have to wait until the Consumer Financial Protection Bureau releases its final ability-to-repay rule under the Dodd-Frank Act next January.

While the ability-to-repay rule doesn't address...

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September 17, 2012 08:51 AM
CFPB, HUD face disparate impact mortgage lending dilemma

Lenders wanting to know the exact definition of discriminatory lending will have to wait until the Consumer Financial Protection Bureau releases its final ability-to-repay rule under the Dodd-Frank Act next January.

While the ability-to-repay rule doesn't address...

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