News

May 1, 2013 06:03 AM
Mortgage applications pick up after slump

Mortgage applications rose 1.8% for the week ending April 19 when compared to a week earlier, an industry trade group said Wednesday.

According to the Mortgage Bankers...

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April 30, 2013 02:08 PM
FHFA gears up for single GSE securitization platform

A key objective of the Federal Housing Finance Agency is to execute various risk transfer transactions aimed at reducing the enterprises’ footprint in housing finance. 

As a result, the need for a move back to a mortgage market financed predominately by private...

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April 30, 2013 01:53 PM
FHFA gears up for single GSE securitization platform

A key objective of the Federal Housing Finance Agency is to execute various risk transfer transactions aimed at reducing the enterprises’ footprint in housing finance. 

As a result, the need for a move back to a mortgage market financed predominately by private...

Read More
April 30, 2013 02:02 PM
BOK Financial grows mortgage market share

Loans originated by BOK Financial soared 40% last year, the bank announced in their annual shareholders meeting in Dallas on Tuesday. This compares to 27% growth from the competition, shareholders were told.

The bank posted a first quarter earnings of $88 million, or $1....

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April 30, 2013 01:25 PM
BOK Financial grows mortgage market share

Loans originated by BOK Financial soared 40% last year, the bank announced in their annual shareholders meeting in Dallas on Tuesday. This compares to 27% growth from the competition, shareholders were told.

The bank posted a first quarter earnings of $88 million, or $1....

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April 30, 2013 01:19 PM
Another MERS county recording-fee suit dismissed

County commissioners in Cleveland County, Okla., became the latest plaintiffs to see a recorder-fee lawsuit filed against the Mortgage Electronic Registration Systems dismissed by a judge.

The county, like dozens of others, sued MERS claiming the...

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April 30, 2013 12:48 PM
Bad boom-time mortgage bets still haunt UBS

Global financial services provider UBS is going to great lengths to show it is in a position of stability.

In a press release today UBS...

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April 30, 2013 12:29 PM
Bad boom-time mortgage bets still haunt UBS

Global financial services provider UBS is going to great lengths to show it is in a position of stability.

In a press release today UBS...

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April 30, 2013 12:00 PM
Vacancy rates drop alongside homeownership rates

Vacancy rates across the U.S. suggest more Americans are slowly coming back into the housing and rental markets, but at a very controlled and deliberate pace.

Rental vacancy rates in the U.S. slowly inched down to 8.6% in the first quarter of 2013, down 0.2 percentage points from the...

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April 30, 2013 10:17 AM
HARP 3.0 chatter sparks private-label loan debate

Mortgage experts recently met with White House officials to discuss housing and mortgage issues, resurfacing the possible idea of establishing a Home Affordable Refinance Program 3.0 program.

Particularly, the Obama Administration is intending to push for a HARP 3.0 program, allowing...

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April 30, 2013 10:09 AM
HARP 3.0 chatter sparks private-label loan debate

Mortgage experts recently met with White House officials to discuss housing and mortgage issues, resurfacing the possible idea of establishing a Home Affordable Refinance Program 3.0 program.

Particularly, the Obama Administration is intending to push for a HARP 3.0 program, allowing...

Read More
April 30, 2013 08:15 AM
S&P/Case-Shiller: Home prices continue to strengthen

Home prices continued their upward trajectory, nearing 10%, according to data through February 2013 released Tuesday in the S&P/Case-Shiller Home Price Indices...

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April 30, 2013 07:47 AM
US foreclosure inventory falls 23% annually

The nation’s supply of homes in some stage of foreclosure plummeted 23% in March, declining from 1.5 million housing units a year earlier to 1.1 million distressed properties, CoreLogic said in a new report Tuesday.  

Completed foreclosures also declined 16% to 55,...

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April 29, 2013 04:49 PM
HUD homes add to inventory-starved market

Any homebuyer on the market right now will tell you the crowd of buyers and multiple offers are creating a challenge.

Those in search of distressed homes owned by the U.S. Department of Housing and Urban Development are not immune to this supply-and-demand situation. In...

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April 29, 2013 04:43 PM
HUD homes add to inventory-starved market

Any homebuyer on the market right now will tell you the crowd of buyers and multiple offers are creating a challenge.

Those in search of distressed homes owned by the U.S. Department of Housing and Urban Development are not immune to this supply-and-demand situation. In...

Read More