News
[Update 1: Adds comment from FHFA]
Fewer underwater homeowners worked through the Home Affordable Refinance Program in December than in any other month in more than a year, despite changes that removed previous barriers.
About 2,700 mortgages with a loan-to-value ratio between 105...
A New York state judge known for taking it to the banking industry says foreclosures, in many cases, are riddled with shoddy document handling, assignment issues and ownership questions on mortgage notes.
New York State Supreme Court Judge Arthur Schack made those statements...
The first batch of requests mortgage servicers received as part of the foreclosure look-back reviews shows a majority of borrowers are seeking claims on alleged faulty modifications.
Under consent orders signed in April, independent consultants for the 14 largest mortgage servicers...
Freddie Mac is offering, for the first time, K-certificates backed exclusively by five-year multifamily mortgages.
The company will offer about $1.1 billion in of its K-501 series of structured pass-through certificates, which will price the week of March 19 and settle on...
Freddie Mac is offering, for the first time, K-certificates backed exclusively by five-year multifamily mortgages.
The company will offer about $1.1 billion in of its K-501 series of structured pass-through certificates, which will price the week of March 19 and settle on...
Residential remodeling rose 11% in January from a year earlier in a seasonally adjusted measure, according to BuildFax.
Projects grew to roughly 3 million on an annual basis, up 13% from 2.65 million in December.
January's measure is the highest since June 2006,...
Residential remodeling rose 11% in January from a year earlier in a seasonally adjusted measure, according to BuildFax.
Projects grew to roughly 3 million on an annual basis, up 13% from 2.65 million in December.
January's measure is the highest since June 2006,...
Households shed mortgage debt each month for more than one year now, but the deleveraging has yet to end, according to Fannie Mae Chief Economist Doug Duncan.
Either through payoffs or foreclosure, total U.S. mortgage debt dropped or remained flat for 15-straight months,...
Households shed mortgage debt each month for more than one year now, but the deleveraging has yet to end, according to Fannie Mae Chief Economist Doug Duncan.
Either through payoffs or foreclosure, total U.S. mortgage debt dropped or remained flat for 15-straight months,...
A measure of homebuilder confidence remained flat in March, staying at its highest level in four years but still well below a healthy reading.
The National Association of Home Builders/Wells Fargo index did not change from last month's downwardly revised...
A measure of homebuilder confidence remained flat in March, staying at its highest level in four years but still well below a healthy reading.
The National Association of Home Builders/Wells Fargo index did not change from last month's downwardly revised...
New York Federal Reserve Board President and CEO William Dudley says housing starts recently firmed from depressed levels, but the U.S. economy is 'not out of the woods yet.'
The Fed chief made those statements in a prepared speech for the ...
Policymakers who built a housing market based on lax underwriting for political purposes are now stalling a housing recovery with aggressive legislation and a failure to let the housing market clean itself up, according to Edward Pinto, resident fellow at the American Enterprise...
A look at stories across HousingWire's weekend desk, with more coverage to come on bigger issues:
A swath of monthly housing data hits the economic scene this week, as mortgage industry players look for more signals of the direction of the market. It starts Monday with...
Reforms to the Maryland foreclosure process are moving forward in the state's legislature, including a proposal to create a statewide, foreclosed property database.
The Maryland House could vote soon on the online foreclosure database bill after it received another procedural approval...