News

July 18, 2012 11:32 AM
U.S. Bank passes on overheated commercial property markets

Top-ten mortgage originator U.S Bank ($17.97 0.03%) is passing on commercial real estate opportunities in certain markets at risk of...

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July 18, 2012 11:16 AM
U.S. Bank passes on overheated commercial property markets

Top-ten mortgage originator U.S Bank ($17.97 0.03%) is passing on commercial real estate opportunities in certain markets at risk of...

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July 18, 2012 09:28 AM
FHA readies sale of 9,000 delinquent mortgages

The Federal Housing Administration began qualifying investors to bid on 9,000 delinquent loans.

Roughly 3,5000 of the mortgages underlie properties in Chicago, Phoenix, Tampa and Newark, N.J., according to details on the loan pool released Wednesday. Investors buying...

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July 18, 2012 09:05 AM
FHA readies sale of 9,000 delinquent mortgages

The Federal Housing Administration began qualifying investors to bid on 9,000 delinquent loans.

Roughly 3,5000 of the mortgages underlie properties in Chicago, Phoenix, Tampa and Newark, N.J., according to details on the loan pool released Wednesday. Investors buying...

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July 18, 2012 08:40 AM
BofA mortgage repurchase dispute with Fannie Mae grows to $7.9 billion in loans

Bank of America ($13.24 0.03%) executives said Fannie Mae will either have to file litigation or agree to a settlement to...

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July 18, 2012 07:24 AM
Mortgage applications rise nearly 17% on refinancing activity

Plummeting interest rates prompted more U.S. borrowers to refinance their mortgages for the week ending July 13, pushing overall mortgage applications up 16.9% from the previous week.

The Mortgage Bankers Association noted that the refinance index grew 22% over the prior...

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July 17, 2012 04:50 PM
GAO finds servicers largely avoid military mortgage reviews

Regulators reviewed only half of mortgage servicers for compliance with national military lending law between 2007 and 2011, according to the Government Accountability Office.

In 2011, two mortgage servicers under investigation from the Justice Department...

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July 17, 2012 04:53 PM
GAO finds servicers largely avoid military mortgage reviews

Regulators reviewed only half of mortgage servicers for compliance with national military lending law between 2007 and 2011, according to the Government Accountability Office.

In 2011, two mortgage servicers under investigation from the Justice Department...

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July 17, 2012 04:35 PM
RE/MAX rosy on housing recovery

Rising house prices. More home sales closing. Fewer days on market. Higher demand and lower supply. These are four of the reasons RE/MAX cites in calling the housing recovery a "real" event.

According to the real estate agent franchise firm, annual home sales rose for one...

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July 17, 2012 02:38 PM
No better or worse: Mortgage borrowers falling behind flattens out

The amount of mortgage borrowers falling behind on payments flattened out since dropping earlier in the year.

The rate of borrowers moving from current to delinquent status stayed at roughly 2.5% in June, roughly half the rate seen at the peak of the foreclosure crisis.

Indeed, the...

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July 17, 2012 02:55 PM
No better or worse: Mortgage borrowers falling behind flattens out

The amount of mortgage borrowers falling behind on payments flattened out since dropping earlier in the year.

The rate of borrowers moving from current to delinquent status stayed at roughly 2.5% in June, roughly half the rate seen at the peak of the foreclosure crisis.

Indeed, the...

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July 17, 2012 10:38 AM
Bernanke: Congressional action helps avoid future economic stimulus

Federal Reserve Chairman Ben Bernanke said lawmakers wary of another round of stimulus could avoid it by addressing their own fiscal policy problems.

"The fiscal issues are a major concern. If Congress addressed those issues, the outlook would be better and would abrogate...

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July 17, 2012 10:26 AM
Bernanke: Congressional action helps avoid future economic stimulus

Federal Reserve Chairman Ben Bernanke said lawmakers wary of another round of stimulus could avoid it by addressing their own fiscal policy problems.

"The fiscal issues are a major concern. If Congress addressed those issues, the outlook would be better and would abrogate...

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July 17, 2012 09:11 AM
Homebuilder confidence experiences largest one-month gain in a decade

Homebuilder confidence rose six points in July, its steepest one-month increase in over a decade, according to a new report from the National Association of Home Builders.

NAHB released the Housing Market Index that it compiled in tandem with Wells Fargo...

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July 17, 2012 09:25 AM
Homebuilder confidence experiences largest one-month gain in a decade

Homebuilder confidence rose six points in July, its steepest one-month increase in over a decade, according to a new report from the National Association of Home Builders.

NAHB released the Housing Market Index that it compiled in tandem with Wells Fargo...

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