News
The expanded Home Affordable Refinance Program will likely reach more underwater borrowers than its architects originally thought.
"We said we would double the number from what we've already done under HARP, which would mean we'd do another 900,000 under the expanded program. I think we'...
Home prices in the U.S. edged up 1.1% to an average price of $200,000 in April, while falling a slight 0.1% from year ago levels, Lender Processing Services Inc. said Friday.
LPS...
Housing may actually add to U.S. GDP growth by the end of 2012, according to Fannie Mae Director of Mortgage Market Analysis Richard Koss.
"I think so, but it will be very small. In the past it was somewhere around 6% of GDP, but now it might bump up to something like 2...
The Obama administration said it would veto a bill that would cut the Department of Housing and Urban Development budget by $3.9 billion from last year.
The bill,...
The Obama administration said it would veto a bill that would cut the Department of Housing and Urban Development budget by $3.9 billion from last year.
The bill,...
Since the financial crisis struck in 2007, American homeowners have lost more than $7 trillion in home equity, according to the Federal Reserve.
If the trend continues, the future of the reverse mortgage industry could be in jeopardy.
“The use of home equity will...
Since the financial crisis struck in 2007, American homeowners have lost more than $7 trillion in home equity, according to the Federal Reserve.
If the trend continues, the future of the reverse mortgage industry could be in jeopardy.
“The use of home equity will...
Federal regulators extended the deadline for a wide-scale foreclosure review and detailed how much will be paid to borrowers for any abuses discovered.
Under the consent orders signed with 14 mortgage servicers in April 2011, third-party consultants...
Federal regulators extended the deadline for a wide-scale foreclosure review and detailed how much will be paid to borrowers for any abuses discovered.
Under the consent orders signed with 14 mortgage servicers in April 2011, third-party consultants...
Existing home sales declined 1.5% in May to a seasonally adjusted annual rate of 4.55 million in May from 4.62 in April due to limited supplies of housing inventory, according to the National Association of Realtors. While they are down from last month, the numbers are still 9.6...
The Federal Housing Finance Agency will allow military servicemembers who are current on their Fannie Mae or Freddie Mac mortgage to short sale their home when given Permanent Change of Station orders.
The announcement was done jointly...
Easing Treasury bond yields resulting from worsening economic indicators pushed mortgage rates back down to record low territory.
The Freddie Mac survey showed 30-year fixed-rate mortgages averaged 3.66% for the week ending Thursday — a new low — falling from the...
Karen Nicolai, clerk of the Hernando County Circuit Court in Florida, filed a federal lawsuit against Fannie Mae and Freddie Mac seeking to recover at least $75,000 in real estate transfer taxes the mortgage giants avoided.
The suit seeks class-action...
Karen Nicolai, clerk of the Hernando County Circuit Court in Florida, filed a federal lawsuit against Fannie Mae and Freddie Mac seeking to recover at least $75,000 in real estate transfer taxes the mortgage giants avoided.
The suit seeks class-action...
A United States District Court has ruled against the Mortgage Bankers Association in a case that will determine how loan officers are classified when it comes to standards of pay and overtime compensation.
The MBA told HousingWire it hasn't yet...