News

July 31, 2012 01:00 PM
FHFA refuses principal reduction for Fannie, Freddie

Federal Housing Finance Agency Acting Director Edward DeMarco will not allow principal reduction on Fannie Mae and Freddie Mac loans.

"Given our multiple responsibilities to conserve the assets of Fannie Mae and Freddie Mac, maximize...

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July 31, 2012 12:56 PM
FHFA refuses principal reduction for Fannie, Freddie

Federal Housing Finance Agency Acting Director Edward DeMarco will not allow principal reduction on Fannie Mae and Freddie Mac loans.

"Given our multiple responsibilities to conserve the assets of Fannie Mae and Freddie Mac, maximize...

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July 31, 2012 11:20 AM
Merkley refi plan could reach 75% of private underwater mortgages

Roughly 75% of underwater mortgages securitized into private-label bonds could be eligible for a refinance under the new plan from Sen. Jeff Merkley, D-Ore., according to analysts at JPMorgan Chase...

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July 31, 2012 11:11 AM
Merkley refi plan could reach 75% of private underwater mortgages

Roughly 75% of underwater mortgages securitized into private-label bonds could be eligible for a refinance under the new plan from Sen. Jeff Merkley, D-Ore., according to analysts at JPMorgan Chase...

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July 31, 2012 09:19 AM
MBA: Multifamily/commercial mortgage originations swell 25% in 2Q

Multifamily mortgage originations helped commercial/multifamily origination volumes grow 25% in the second quarter from the year-ago period, according to the Mortgage Bankers Association’s quarterly survey. It also showed that second-quarter volumes expanded 39% from the first...

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July 31, 2012 09:14 AM
CoreLogic: Annual foreclosures drop 24%

The U.S. ended the month of June with 60,000 completed foreclosures, a 24% drop from year ago levels when 80,000 foreclosures were reported for the same month, according to a report from mortgage data analytics firm CoreLogic...

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July 31, 2012 08:16 AM
Average home prices increase 2.2% in May: Case-Shiller

Average home prices grew by 2.2% from April to May, according to the latest Standard & Poor's/Case-Shiller Home Price Indices report.

The 2.2% price increase is tied to both the 10- and 20-city composite indices studied by S&P.  

"The 10- and 20-city...

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July 30, 2012 05:27 PM
CFPB considers easing rules on mortgage LO compensation

The Consumer Financial Protection Bureau will consider an exemption for a Dodd-Frank Act rule prohibiting mortgage loan officers from being paid by both the borrower and the brokerage firm.

The Federal Reserve rule ...

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July 30, 2012 05:24 PM
CFPB considers easing rules on mortgage LO compensation

The Consumer Financial Protection Bureau will consider an exemption for a Dodd-Frank Act rule prohibiting mortgage loan officers from being paid by both the borrower and the brokerage firm.

The Federal Reserve rule ...

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July 30, 2012 04:51 PM
Apartment developer Post Properties boosts earnings guidance on strong 2Q

Post Properties, Inc. ($52.22 0.52%) reported second-quarter net income of $20.2 million, 37 cents a share, up from $8.8 million, or 17 cents a...

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July 30, 2012 03:04 PM
RBC readies covered bond program for mortgages

Registration took affect Monday afternoon for the Royal Bank of Canada ($62.17 1.58%) to issue covered bonds backed by mortgages to U.S....

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July 30, 2012 01:32 PM
Mortgages dominate complaints sent to CFPB

The majority of the consumer complaints filed with the Consumer Financial Protection Bureau during its first 11 months in existence relate to mortgage debt, the CFPB said in its semi-annual report to Congress. 

CFPB data shows the...

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July 30, 2012 01:17 PM
Mortgages dominate complaints sent to CFPB

The majority of the consumer complaints filed with the Consumer Financial Protection Bureau during its first 11 months in existence relate to mortgage debt, the CFPB said in its semi-annual report to Congress. 

CFPB data shows the...

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July 30, 2012 12:30 PM
Mortgage bond investors doubtful house prices leveled

Despite a flurry of reports and articles about home prices stabilizing or slightly increasing, only a third of mortgage bond investors interviewed by JPMorgan Securities ($53.02...

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July 30, 2012 05:00 AM
Monday Morning Cup of Coffee: Countrywide transfers loans to special servicers

A look at stories across HousingWire's weekend desk, with more coverage to come on bigger issues:

Countrywide is transferring mortgages to special servicers on certain deals in line with the servicing part of a proposed $8.5 billion residential mortgage-backed securities...

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