News
Roughly 96,000 Fannie Mae and Freddie Mac mortgages refinanced under an expanded Home Affordable Refinance Program in July, down 23% from the previous month, according to the Federal Housing Finance Agency.
Banking analysts previously...
The financial markets end the week on mildly optimistic news with the unemployment rate edging down to 8.1% and the nation adding 96,000 jobs in August, the Labor Department said Friday.
The falling unemployment rate follows two cautiously optimistic employment reports...
The financial markets end the week on mildly optimistic news with the unemployment rate edging down to 8.1% and the nation adding 96,000 jobs in August, the Labor Department said Friday.
The falling unemployment rate follows two cautiously optimistic employment reports...
The financial markets end the week on mildly optimistic news with the unemployment rate edging down to 8.1% and the nation adding 96,000 jobs in August, the Labor Department said Friday.
The falling unemployment rate follows two cautiously optimistic employment reports...
German bank Bayerische Landesbank, a subsidiary of BavernLB, slapped Goldman Sachs ($164.15 0.04%) with a lawsuit, claiming it...
Threats of withdrawn mortgage credit may deter local governments from accepting proposals to seize underwater mortgages through eminent domain, not court rulings, according to one expert on the issue.
The actual process itself may not face huge legal hurdles.
"The legality is not...
Threats of withdrawn mortgage credit may deter local governments from accepting proposals to seize underwater mortgages through eminent domain, not court rulings, according to one expert on the issue.
The actual process itself may not face huge legal hurdles.
"The legality is not...
Waves of highly paid oil and gas drilling employees moving into rural areas is causing strain on local governments to provide affordable housing for locals who can no longer afford skyrocketing rents, according to a government study released Thursday.
Drilling for oil and gas increased...
Waves of highly paid oil and gas drilling employees moving into rural areas is causing strain on local governments to provide affordable housing for locals who can no longer afford skyrocketing rents, according to a government study released Thursday.
Drilling for oil and gas increased...
The percentage of mortgages that redefaulted within six months after receiving a private modification fell to the lowest level since the industry began reporting the data in 2009.
Roughly 8.9% of the more than 925,000 modifications banks granted through their own private programs over the...
The percentage of mortgages that redefaulted within six months after receiving a private modification fell to the lowest level since the industry began reporting the data in 2009.
Roughly 8.9% of the more than 925,000 modifications banks granted through their own private programs over the...
Fixed mortgage rates declined or remained the same throughout the Labor Day week, continuing to hover around all-time record lows amid mixed economic data.
The Freddie Mac survey showed the 30-year FRM averaged 3.55% for the week ending Thursday, down from last week’s 3....
The San Bernardino County, Calif. housing market showed signs of improvement in August even without a controversial eminent domain plan, according to Clear Capital.
Prices on homes not in distress increased 4.2 percentage points higher than the growth in REO values over...
The San Bernardino County, Calif. housing market showed signs of improvement in August even without a controversial eminent domain plan, according to Clear Capital.
Prices on homes not in distress increased 4.2 percentage points higher than the growth in REO values over...
Stonegate Mortgage is ensuring its customers — small- to mid-size correspondents — have access to liquidity during a time of when many nonbank warehouse lenders are disappearing.
The Indianapolis-based independently owned mortgage lender and servicer is growing rapidly....