News

March 12, 2013 11:58 AM
Senators grill Cordray on CFPB structure, budget

Consumer Financial Protection Bureau Director Richard Cordray faced intense grilling from U.S. Senators as lawmakers considered him for a second leadership term Tuesday.

Initially, the president appointed Cordray during a series of recess appointments, bypassing Senate...

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March 12, 2013 11:40 AM
Senators grill Cordray on CFPB structure, budget

Consumer Financial Protection Bureau Director Richard Cordray faced intense grilling from U.S. Senators as lawmakers considered him for a second leadership term Tuesday.

Initially, the president appointed Cordray during a series of recess appointments, bypassing Senate...

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March 12, 2013 08:40 AM
Ocwen wins bidding war for Ally MSRs

Ally Bank reached an agreement to sell a portfolio of agency mortgage servicing rights to Ocwen Financial Corp.

Ally ($25.41...

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March 12, 2013 08:02 AM
Richard Cordray jumps back into the ring

Consumer Financial Protection Bureau Director Richard Cordray is scheduled for an intense grilling by U.S. Senators at a confirmation hearing on Tuesday to discuss his future as leader of the CFPB.

In prepared remarks for the Senate Banking Committee, Cordray notes the...

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March 11, 2013 03:29 PM
OIG aims to limit GSEs interest-rate risks

Ongoing concern about how interest rate fluctuations could impact Fannie Mae and Freddie Mac prompted the Office of the Inspector General for the Federal Housing Finance Agency to audit the FHFA's oversight of these risks.

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March 11, 2013 02:12 PM
OIG aims to limit GSEs interest-rate risks

Ongoing concern about how interest rate fluctuations could impact Fannie Mae and Freddie Mac prompted the Office of the Inspector General for the Federal Housing Finance Agency to audit the FHFA's oversight of these risks.

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March 11, 2013 12:28 PM
Larger players, investors shift market for real estate agents

Real estate agents live in a market that is constantly shifting, pushing them in new directions.

So what is causing the rapid change? For starters, the sales landscape for real estate agents changed dramatically after the 2008 housing bust, forcing many retail agents to fill their buckets...

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March 11, 2013 12:50 PM
Investor appetite grows for multifamily mortgage debt

The amount of commercial and multifamily mortgage debt outstanding swelled in the fourth quarter of 2012, marking the largest increase since 2008, according to the Mortgage Bankers Association analysis of the Federal Reserve Board's flow of funds. 

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March 11, 2013 11:31 AM
Investor appetite grows for multifamily mortgage debt

The amount of commercial and multifamily mortgage debt outstanding swelled in the fourth quarter of 2012, marking the largest increase since 2008, according to the Mortgage Bankers Association analysis of the Federal Reserve Board's flow of funds. 

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March 11, 2013 10:50 AM
Refinance incentives dry on stable mortgage rates: Fitch

Stable mortgage rates are making refinancing less attractive to the newest prime mortgage borrowers in residential mortgage-backed securitization pools. 

This is expected to keep prepayment rates on loans originated during the past several months slower than those originated between...

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March 11, 2013 07:55 AM
Duke: Investors may create price floor

Investors in the single-family housing market could create a price floor, locking in higher prices for underwater homeowners who eventually hope to return to positive equity, suggested Elizabeth Duke with the Board of Governors for the Federal Reserve System.

In a...

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March 11, 2013 12:00 AM
Monday Morning Cup of Coffee: OneWest Bank considers sale, IPO

HousingWire's Monday Morning Cup of Coffee takes a look at news from the weekend, with more coverage on bigger issues. 

OneWest Bank executives are considering the possibility of selling the big savings and loan company, the LA Times...

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March 10, 2013 01:28 PM
Monday Morning Cup of Coffee: OneWest Bank considers sale, IPO

HousingWire's Monday Morning Cup of Coffee takes a look at news from the weekend, with more coverage on bigger issues. 

OneWest Bank executives are considering the possibility of selling the big savings and loan company, the LA Times...

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March 8, 2013 06:17 PM
MBA supports lower LTVs for FHA-insured jumbos

A Federal Housing Administration proposal to lower the loan-to-value ratio requirements for government-backed loans valued above $625,500 has gained the support of the Mortgage Bankers Association.

The plan would essentially lower the...

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March 8, 2013 03:07 PM
Housing heats up, but far from normal

While continuing to chip away at the damage caused by the housing crisis, the overall health of the housing recovery still remains fragile, the Obama Administration said in its latest...

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