News
The U.S. recorded 442,117 foreclosure filings in the first quarter of 2013, a steep 23% drop from a year ago and the lowest level reached since 2007, real estate data firm RealtyTrac said in a new...
In a letter to Federal Reserve Chairman Ben Bernanke and Comptroller of the Currency Thomas Curry, Sen. Elizabeth Warren, D-Mass. and Rep. Elijah...
Gleacher & Co. is closing the firm's mortgage-backed securities and rates division along with its credit products division, effective immediately.
The transition could impact up to 160 employees.
The MBS and rates segment had trading volumes worth more than $...
Gleacher & Co. is closing the firm's mortgage-backed securities and rates division along with its credit products division, effective immediately.
The transition could impact up to 160 employees.
The MBS and rates segment had trading volumes worth more than $...
Hope Now, a consortium of mortgage firms and nonprofits focused on foreclosure prevention, revealed an estimated 81,351 homeowners received permanent, affordable loan modifications from servicers during the month of February.
February’s...
The Federal Housing Administration may tap up to $943 million in taxpayer bailout funds, according to the White House and the Federal Housing Administration.
This would be the first such injection in the history of the FHA.
FHA Commissioner Carol Galante said in a...
Both the Treasury and the Consumer Financial Protection Bureau appear to have more 'spending flexibility' based on President Obama’s 2014 budget proposal.
Still, the CFPB has already said it's unlikely to spend up to the new capped limit for fiscal 2014...
The Department of Treasury entered into agreements with Fannie Mae and Freddie Mac to make investments in senior preferred stock in each enterprise to ensure that both firms maintain a positive net worth.
Prior to 2013, the quarterly...
The Department of Treasury entered into agreements with Fannie Mae and Freddie Mac to make investments in senior preferred stock in each enterprise to ensure that both firms maintain a positive net worth.
Prior to 2013, the quarterly...
President Barack Obama's budget for fiscal year 2014 looks at taking critical steps to grow the economy, specifically increasing measures to strengthen the housing market by ensuring every homeowner has an opportunity to refinance at today’s rates.
Feeding of the positive momentum...
President Barack Obama's budget for fiscal year 2014 looks at taking critical steps to grow the economy, specifically increasing measures to strengthen the housing market by ensuring every homeowner has an opportunity to refinance at today’s rates.
Feeding of the positive momentum...
Mortgage origination volumes held up in the first quarter despite predictions of a 20% to 25% drop-off last week, according to a preliminary forecast for the period.
Paul Miller, managing director with FBR Capital Markets, said total industry sales to Fannie Mae...
Housing industry experts threw out various suggestions to the members of the House Financial Services Committee advocating for solutions under the banner of Federal Housing Administration reform.
The consensus met by many of the panelists was...
Housing industry experts threw out various suggestions to the members of the House Financial Services Committee advocating for solutions under the banner of Federal Housing Administration reform.
The consensus met by many of the panelists was...
The most recent Federal Open Market Meeting minutes from the Federal Reserve show some members still supportive of mortgage-backed securities purchases, although a general sense of caution emerged in the room.
Despite some skepticism, participants remained gung-ho...