News

March 21, 2012 04:17 PM
Debrunner v. Deutsche decision: Foreclosure OK without note

A California appellate court ruled it was OK for the party initiating a foreclosure to do so without being in possession of the mortgage note.

The decision shows attorneys how foreclosure contests can play out in nonjudicial foreclosure states when specific foreclosure processing...

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March 21, 2012 03:08 PM
Debrunner v. Deutsche decision: Foreclosure OK without note

A California appellate court ruled it was OK for the party initiating a foreclosure to do so without being in possession of the mortgage note.

The decision shows attorneys how foreclosure contests can play out in nonjudicial foreclosure states when specific foreclosure processing...

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March 21, 2012 11:06 PM
FHFA to expand GSE mortgage reviews in 2013

An examination office within the Federal Housing Finance Agency will finalize by March 2013 how it monitors changes in Fannie Mae and Freddie Mac mortgage underwriting guidelines.

Written guidance for how the reviews will be conducted are...

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March 21, 2012 02:01 PM
Smaller homes, urban lifestyles attractive to new homebuyers: ULI

Smaller homes closer to urban areas may be the next wave of new construction, as post-bubble buyers seek smaller mortgage payments and shortened commutes.

At the “What’s Next: Real Estate in the New Economy” conference held by the Urban Land Institute of North Texas,...

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March 21, 2012 12:54 PM
Dallas Fed: Dodd-Frank fails to end 'too big to fail'

The Dodd-Frank Act, which aims to end the bailout of financial institutions that are deemed too big to fail, perpetuates a dangerous trend of increasing banking industry concentration, says Richard Fisher, president of the Federal Reserve Bank of Dallas.

"It is imperative...

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March 21, 2012 12:38 PM
Dallas Fed: Dodd-Frank fails to end 'too big to fail'

The Dodd-Frank Act, which aims to end the bailout of financial institutions that are deemed too big to fail, perpetuates a dangerous trend of increasing banking industry concentration, says Richard Fisher, president of the Federal Reserve Bank of Dallas.

"It is imperative...

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March 21, 2012 12:07 PM
Architecture billings index stays positive for fourth-straight month

Led by the commercial sector, the architecture billings index remained in positive territory in February for the fourth-straight month, according to the American Institute of Architects.

The index also received the highest spike in inquiries for new projects since 2007,...

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March 21, 2012 10:49 AM
LPS: Mortgage delinquencies decline in February

Mortgages at least 30 days past due dropped 5% in February from a month earlier and declined 14% from February 2011.

A preliminary look at monthly data from Lender Processing Services...

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March 21, 2012 10:21 AM
LPS: Mortgage delinquencies decline in February

Mortgages at least 30 days past due dropped 5% in February from a month earlier and declined 14% from February 2011.

A preliminary look at monthly data from Lender Processing Services...

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March 21, 2012 09:43 AM
Existing home sales dip 0.9% in February

Existing home sales fell 0.9% in February from January but rose 8.8% from a year earlier, according to the National Association of Realtors.

The trade group's seasonally adjusted index, which includes single-family homes and condos, dropped to 4.59 million annual sales in...

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March 21, 2012 09:39 AM
Existing home sales dip 0.9% in February

Existing home sales fell 0.9% in February from January but rose 8.8% from a year earlier, according to the National Association of Realtors.

The trade group's seasonally adjusted index, which includes single-family homes and condos, dropped to 4.59 million annual sales in...

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March 21, 2012 10:09 AM
U.S. shadow inventory levels down from year ago

The nation's shadow inventory remained flat in January compared to October figures but shrunk about 10% from levels seen a year earlier, according to new data from CoreLogic.

Shadow inventory totaled 1.6 million units in January, a six-month supply, down from January 2011...

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March 21, 2012 09:39 AM
U.S. shadow inventory levels down from year ago

The nation's shadow inventory remained flat in January compared to October figures but shrunk about 10% from levels seen a year earlier, according to new data from CoreLogic.

Shadow inventory totaled 1.6 million units in January, a six-month supply, down from January 2011...

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March 21, 2012 07:08 AM
MBA: Mortgage applications continue 6-week drop

Mortgage applications declined 7.4% for the week ended March 16, as refinancing hit its lowest share of loan activity since July 2011.

The Mortgage Bankers Association seasonally adjusted index fell for the sixth straight week, with the refinance measure down 9.3% in a...

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March 21, 2012 06:00 AM
Buying cheaper than renting in nearly 100 major U.S. markets: Trulia

Buying is more affordable than renting in 98 out of the nation's 100 largest metropolitan areas — even in New York, Los Angeles and Boston, according to real estate company Trulia's rent vs. buy index.

The index is based on asking prices for rental units and homes for...

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