News
U.S. home prices are stable, but home purchases remain stagnant as lenders restrict credit in the face of uncertain mortgage finance rules and regulations, Mortgage Bankers Association president and CEO David Stevens said Tuesday.
"Why are purchases stagnant?" Stevens...
A collection of nine housing industry trade groups sent a letter to Democratic Senators Tuesday, backing their new version of a bill that would expand the Home Affordable Refinance Program to more Fannie Mae and Freddie Mac borrowers.
But Senate...
The overall Atlanta housing market continues to suffer from weakening home prices and rampant foreclosures, but for the expanding Churchill Mortgage, the area is a boon.
The Atlanta-based residential mortgage lender just appointed Jennifer Coe as its latest business...
The overall Atlanta housing market continues to suffer from weakening home prices and rampant foreclosures, but for the expanding Churchill Mortgage, the area is a boon.
The Atlanta-based residential mortgage lender just appointed Jennifer Coe as its latest business...
Federal Housing Finance AgencyActing Director Ed DeMarco shared a tentative plan on government-sponsored enterprise reform while speaking to the American Mortgage Conference in Raleigh, N.C., on Monday. DeMarco noted the FHFA is drafting a white paper on the topic and plans to...
The housing crisis cost the nation about $13 trillion when tallying all losses from lawsuits, mortgage-backed securities litigation and taxpayer bailouts, a representative with fraud analytics firm Interthinx said.
Ann Fulmer, vice president of industry relations for...
The housing crisis cost the nation about $13 trillion when tallying all losses from lawsuits, mortgage-backed securities litigation and taxpayer bailouts, a representative with fraud analytics firm Interthinx said.
Ann Fulmer, vice president of industry relations for...
Freddie Mac will allow mortgage servicers to apply federal taxpayer dollars to reduce principal or pay past due balances for struggling borrowers in all states that have designed such programs.
"Effective immediately, (servicers) should participate in state (housing...
Senate Democrats reintroduced a bill to expand refinancing for an estimated 13.5 million Fannie Mae and Freddie Mac mortgage borrowers.
Sens. Robert Menendez, D-N.J., and Barbara Boxer, D-Calif., will keep the origination cut-off date for the Home...
Redwood Trust ($18.77 -0.28%) will bring a $313 million jumbo residential mortgage-backed security to market, its seventh since 2010.
...
Roughly 18% of U.S. homeowners who are current on their mortgage payments are classified as underwater, setting the stage for additional defaults if home prices fall deeper, Lender Processing Services...
Respondents to the Fannie Mae National Housing Survey expect home prices to edge up in the next year a percent or more, as they increase their cautious view of the housing recovery while remaining skeptical of the overall national economy.
...The real estate closing process is under additional scrutiny after the Treasury's Financial Crimes Enforcement Network found 22,000 suspicious activity reports on title and escrow services filed over an 11-year period.
"The ratio of these reports filed on the industry (...
A look at stories across HousingWire's weekend desk, with more coverage to come on bigger issues:
The Treasury Department will sell $18 billion in American International Group...
A look at stories across HousingWire's weekend desk, with more coverage to come on bigger issues:
The Treasury Department will sell $18 billion in American International Group...