News

March 19, 2012 09:38 AM
Homebuilder confidence unchanged in March

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...

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March 19, 2012 09:05 AM
Dudley: Housing starts firming, economy not out of woods

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 ...

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March 19, 2012 09:13 AM
Housing policy impedes mortgage market recovery: Edward Pinto

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...

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March 19, 2012 05:00 AM
Monday Morning Cup of Coffee: Slew of housing stats set for release

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...

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March 16, 2012 05:42 PM
Maryland legislation for foreclosure registry gains traction

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...

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March 16, 2012 05:26 PM
Maryland legislation for foreclosure registry gains traction

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...

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March 16, 2012 05:47 PM
Nevada foreclosures may soon reboot

Mortgage servicers are slowly easing into the Nevada foreclosure process again.

Notices of default, the first step in the foreclosure process, plunged in October after a new law...

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March 16, 2012 03:08 PM
HUD quick to disburse restored housing counselor funds

The Department of Housing and Urban Development granted $42 million in housing counseling funds within three months.

HUD Secretary Shaun Donovan said in a conference call with reporters Friday the department cut the usual timeline by 70%.

Congress eliminated $88...

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March 16, 2012 02:51 PM
Developer pleads guilty to defrauding TARP bank

Troy Foquet, a real estate developer in Hammond, La., pleaded guilty to defrauding a community bank once approved for a federal bailout.

The Special Inspector General for the Troubled Asset Relief Program...

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March 16, 2012 11:59 AM
Citizens and government must change mortgage finance together: Cordray

The head of the Consumer Financial Protection Bureau said Friday the only way to create meaningful change in the mortgage market is for citizens to unite with federal agencies, state officials and local partners.

Speaking in Indianapolis to the nation's top business...

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March 16, 2012 11:36 AM
Citizens and government must change mortgage finance together: Cordray

The head of the Consumer Financial Protection Bureau said Friday the only way to create meaningful change in the mortgage market is for citizens to unite with federal agencies, state officials and local partners.

Speaking in Indianapolis to the nation's top business...

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March 16, 2012 11:28 AM
Consumer sentiment lags as gas prices rise

Higher gas prices and inflationary fears pushed consumer sentiment...

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March 16, 2012 10:35 AM
Consumer sentiment lags as gas prices rise

Higher gas prices and inflationary fears pushed consumer sentiment...

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March 16, 2012 10:38 AM
Cleveland prepares demolition projects under AG settlement

The Cuyahoga County Land Bank and the City of Cleveland pledged $14 million toward vacant home demolition, and expect a match from the state foreclosure settlement coffers.

Ohio will receive $335 million from the $25 billion agreement with the top-five mortgage servicers.

The...

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March 16, 2012 10:09 AM
Cleveland prepares demolition projects under AG settlement

The Cuyahoga County Land Bank and the City of Cleveland pledged $14 million toward vacant home demolition, and expect a match from the state foreclosure settlement coffers.

Ohio will receive $335 million from the $25 billion agreement with the top-five mortgage servicers.

The...

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