News
CoreLogic ($26.70 -0.48%) grew earnings and revenue to record levels in the second quarter.
The financial services firm reported net...
A House subcommittee is investigating what the Justice Department said to St. Paul, Minn. officials before the city withdrew its defense against a housing discrimination case from the Supreme Court.
Rental property owners sued St. Paul for enforcing housing codes and...
Lenders are unlikely to originate home loans outside of the upcoming Qualified Mortgage universe for up to three years, Consumer Financial Protection Bureau Director Richard Cordray told a House subcommittee Tuesday.
"It's hard to know what will happen in the long run in...
Lenders are unlikely to originate home loans outside of the upcoming Qualified Mortgage universe for up to three years, Consumer Financial Protection Bureau Director Richard Cordray told a House subcommittee Tuesday.
"It's hard to know what will happen in the long run in...
U.S. home prices for the 12-month period ending in May rose 3.7% over last year, the Federal Housing Finance Agency said in its latest monthly House Price Index.
In addition, home prices grew a slight 0.8% from April to May, showing some signs of stability in the housing market....
Reverse mortgages will be as ubiquitous as individual retirement accounts in 10 years because many folks will have more money in the former than in the latter, says Scott Norman, vice president of Austin, Texas-based Sente Mortgage's reverse mortgage division.
Norman says...
Reverse mortgages will be as ubiquitous as individual retirement accounts in 10 years because many folks will have more money in the former than in the latter, says Scott Norman, vice president of Austin, Texas-based Sente Mortgage's reverse mortgage division.
Norman says...
Most new abuses through the expanded Home Affordable Modification Program will come from real estate investors requesting consideration for the workout, according to Amherst Securities Group analyst Laurie Goodman.
The Treasury Department...
Most new abuses through the expanded Home Affordable Modification Program will come from real estate investors requesting consideration for the workout, according to Amherst Securities Group analyst Laurie Goodman.
The Treasury Department...
Should proposals being considered in some California areas to seize underwater mortgages be adopted nationwide, mortgage bond investors could see defaults rise by more than 30%, according to new Moody's Investors Service analysis, leading to losses.
Earlier in the month,...
Should proposals being considered in some California areas to seize underwater mortgages be adopted nationwide, mortgage bond investors could see defaults rise by more than 30%, according to new Moody's Investors Service analysis, leading to losses.
Earlier in the month,...
Second quarter Notices of Default in California dropped to their lowest level since early 2007, according to a report from real estate data provider DataQuick. The decline comes as some of the worst mortgages originated from 2005 to 2007 are being...
Second quarter Notices of Default in California dropped to their lowest level since early 2007, according to a report from real estate data provider DataQuick. The decline comes as some of the worst mortgages originated from 2005 to 2007 are being...
The overarching theme of the banking industry's reported second-quarter earnings so far is impressive mortgage banking revenues and modest loan growth, according to analysts at FBR Capital Markets.
They say a sustained low rate environment, government mortgage programs...
The overarching theme of the banking industry's reported second-quarter earnings so far is impressive mortgage banking revenues and modest loan growth, according to analysts at FBR Capital Markets.
They say a sustained low rate environment, government mortgage programs...