News

June 25, 2012 04:03 PM
FNC: Home prices up for second month in April

U.S. residential property values are up for the second month in April, according to FNC Inc.'s latest Residential Price Index, out Monday. Nationwide, home prices were up 0.6% from March.

The numbers are evidence that home prices are strengthening amid rising demand and...

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June 25, 2012 03:40 PM
Desert oasis: State housing agencies turn to secondary mortgage market

State housing finance agencies are looking to the secondary market to fund mortgages for borrowers seeking help with down payments and closing costs.

HFAs use fixed-rate, long-term housing bonds known as MRBs to finance home loans. Because these bonds were tax exempt, they allowed...

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June 25, 2012 12:47 PM
Two Harbors REIT bets on subprime mortgage bonds

Real estate investment trust Two Harbors ($11.13 0.37%) will continue buying subprime mortgage bonds as yields climbed and delinquencies...

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June 25, 2012 11:01 AM
Mortgage refi boost may be short-lived

The refinancing surge on government-backed mortgages may run out in August, bank analysts said Monday.

Fannie Mae and Freddie Mac borrowers already began rushing to an expanded Home Affordable Refinance Program implemented by many banks in March. But on...

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June 25, 2012 05:01 AM
Monday Morning Cup of Coffee: SEC probes S&P's ratings criteria

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

The Securities and Exchange Commission is studying Standard & Poor's decision in July 2011 to pull its ratings on a $1.5 billion commercial mortgage-...

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June 24, 2012 09:20 PM
Monday Morning Cup of Coffee: SEC probes S&P's ratings criteria

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

The Securities and Exchange Commission is studying Standard & Poor's decision in July 2011 to pull its ratings on a $1.5 billion commercial mortgage-...

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June 22, 2012 03:59 PM
FHFA sues Illinois to end real estate transfer taxes

The Federal Housing Finance Agency filed a lawsuit against the state of Illinois and several counties to shield Fannie Mae and Freddie Mac from real estate transfer taxes.

The Illinois Department of Revenue and six clerk...

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June 22, 2012 02:24 PM
FDIC strengthens fund to $15 billion in 1Q

The Federal Deposit Insurance Corp. grew its fund for bank failures to $15.3 billion as of March 31 on the higher premiums charged to banks.

Since 2008, regulators had to shutter 429 banks. At the end of 2009, the deposit insurance fund fell to a low point of negative $20...

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June 22, 2012 01:59 PM
FDIC strengthens fund to $15 billion in 1Q

The Federal Deposit Insurance Corp. grew its fund for bank failures to $15.3 billion as of March 31 on the higher premiums charged to banks.

Since 2008, regulators had to shutter 429 banks. At the end of 2009, the deposit insurance fund fell to a low point of negative $20...

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June 22, 2012 02:10 PM
Real estate economists optimistic about housing recovery

Chief economists for the National Association of Realtors, Zillow ($56.74 0.78%) and the National Association of Home...

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June 22, 2012 11:24 AM
HARP architects: Expect up to 1 million more refis

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'...

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June 22, 2012 11:32 AM
HARP architects: Expect up to 1 million more refis

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'...

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June 22, 2012 11:26 AM
HARP architects: Expect up to 1 million more refis

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'...

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June 22, 2012 08:53 AM
LPS: National home prices rise slightly

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...

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June 21, 2012 05:12 PM
Fannie Mae expects some GDP growth from housing, finally

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...

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