News

August 16, 2012 12:26 PM
Community banks: Growing regulation biggest challenge

More than half of community bankers view increasing regulations and the attached uncertainty as the greatest immediate challenge to their mortgage businesses, according to a new study commissioned by Ellie Mae...

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August 16, 2012 11:53 AM
Community banks: Growing regulation biggest challenge

More than half of community bankers view increasing regulations and the attached uncertainty as the greatest immediate challenge to their mortgage businesses, according to a new study commissioned by Ellie Mae...

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August 16, 2012 11:21 AM
California AG says mortgage servicers slow to adopt settlement changes

The California monitor of the $25 billion national mortgage servicing settlement received roughly 1,100 complaints since March from borrowers reporting a slow uptake to the new rules, according to an official in the state attorney general office.

California AG Kamala Harris appointed...

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August 16, 2012 10:31 AM
California AG says mortgage servicers slow to adopt settlement changes

The California monitor of the $25 billion national mortgage servicing settlement received roughly 1,100 complaints since March from borrowers reporting a slow uptake to the new rules, according to an official in the state attorney general office.

California AG Kamala Harris appointed...

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August 16, 2012 09:01 AM
Mortgage rates rise for third straight week

Stronger economic activity placed upward pressure on long-term Treasury yields, and, in turn, lifted mortgage rates up for a third straight week.

The Freddie Mac survey showed the 30-year, fixed-rate mortgage averaged 3.62% for the week ending Thursday, up from...

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August 16, 2012 08:58 AM
Mortgage rates rise for third straight week

Stronger economic activity placed upward pressure on long-term Treasury yields, and, in turn, lifted mortgage rates up for a third straight week.

The Freddie Mac survey showed the 30-year, fixed-rate mortgage averaged 3.62% for the week ending Thursday, up from...

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August 16, 2012 07:54 AM
July housing starts beat year-ago levels but decline from June

Housing starts in July soared above year ago levels with 746,000 units under construction, up 21.5% from 614,000 starts in July 2011, the U.S. Census Bureau said. Still, starts fell 1.1% from 754,000 units in June.

Single-family housing starts hit 502,000 units in July,...

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August 15, 2012 05:35 PM
California home prices climb to highest point since 2008

California home prices in July reached their highest level since 2008, according to analytics firm DataQuick.

Home sales in the Golden State went for a median price of $281,000 in July, up 11.5% from one year ago and 2.6% from the previous month. July marked the fifth-...

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August 15, 2012 05:43 PM
Time for presidential candidates to talk housing

President Obama and GOP challenger Mitt Romney should start talking about their housing policy intentions, experts in the industry said.

A group of associations, nonprofits and think tanks made speeches and conducted a panel discussion in Washington, D.C., Wednesday to elevate the housing...

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August 15, 2012 04:28 PM
BofAML revises home price forecast way upward

Shrinking inventory and a shift toward short sales is causing analysts at Bank of America Merrill Lynch ($13.44 0%) to dramatically revise...

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August 15, 2012 04:14 PM
BofAML revises home price forecast way upward

Shrinking inventory and a shift toward short sales is causing analysts at Bank of America Merrill Lynch ($13.44 0%) to dramatically revise...

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August 15, 2012 12:56 PM
San Bernardino to consider next step on eminent domain plan

An agency set up by San Bernardino County officials will determine Thursday if the local government will go ahead with a controversial plan to seize underwater mortgages through eminent domain.

The proposal first surfaced in the California county earlier this summer. The government there...

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August 15, 2012 12:23 PM
San Bernardino to consider next step on eminent domain plan

An agency set up by San Bernardino County officials will determine Thursday if the local government will go ahead with a controversial plan to seize underwater mortgages through eminent domain.

The proposal first surfaced in the California county earlier this summer. The government there...

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August 15, 2012 11:30 AM
Ocwen to securitize FHA mortgages

A special vehicle put together by subprime mortgage servicer Ocwen Financial Corp. ($43.53 0%) plans to acquire government-backed loans soon...

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August 15, 2012 11:18 AM
Ocwen to securitize FHA mortgages

A special vehicle put together by subprime mortgage servicer Ocwen Financial Corp. ($43.53 0%) plans to acquire government-backed loans soon...

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