News

March 5, 2013 10:10 AM
Commercial, multifamily delinquency rates decline: MBA

Delinquency rates for commercial and multifamily mortgages continued to decline in the fourth quarter of 2012, according to the Mortgage Bankers Association’s latest delinquency report.

Improving property fundamentals as well as a strong finance market mainly drove the...

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March 5, 2013 09:15 AM
FHFA takes major step in building single securitization platform

Three years after the Treasury department announced a need for a move back to a mortgage market financed predominately by private capital, the Federal Housing Finance Agency outlined the initial steps it will take to do that -- including...

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March 5, 2013 03:00 AM
Clear Capital: Momentum continues to build for housing recovery

February home prices rose 6.1% nationwide year-over-year, according to data from Clear Capital.

Although current home prices have...

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March 4, 2013 05:29 PM
Slight opening of credit spigot aids housing outlook

While the housing market will not make a complete return to pre-crisis conditions, many promising improvements will be drivers this year including a slight opening of the credit spigot creating a positive outlook for the market, according to Moody's ResiLandscape report....

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March 4, 2013 05:10 PM
Slight opening of credit spigot aids housing outlook

While the housing market will not make a complete return to pre-crisis conditions, many promising improvements will be drivers this year including a slight opening of the credit spigot creating a positive outlook for the market, according to Moody's ResiLandscape report....

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March 4, 2013 03:36 PM
Banks lose bid to challenge MBIA’s restructuring

The New York Supreme Court validated bond insurer MBIA’s 2009 corporate restructuring in an opinion Monday, ending years of litigation over the insurer’s quick transformation in the heat of the financial crisis.

Early on, 18 banks, including Wells Fargo...

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March 4, 2013 01:49 PM
Housing Coalition urges Fed to rethink QRM

The Coalition for Sensible Housing Policy urges prudential regulators to base the Qualified Residential Mortgage rule on the previously released Qualified Mortgage rule, according to a letter from the agency to the Federal Reserve.

Unlike the QM,...

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March 4, 2013 01:05 PM
JPMorgan may refinance all HARP borrowers by September: BofAML

The potential for Home Affordable Refinance Program burnout on JPMorgan Chase serviced collateral could be reflected in slower speeds as early as the next three months, according to Bank of America Merrill Lynch

At the current capacity levels,...

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March 4, 2013 01:04 PM
Sequester may reverse housing improvement, initializing greater risks

The automatic spending cuts that are in effect will have a devastating impact on the housing market, specifically cutting $3 billion of aid to those impacted by Hurricane Sandy, warned Secretary Shaun Donovan of the U.S. Department of Housing and Urban Development

...

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March 4, 2013 11:19 AM
Sequester may reverse housing improvement, initializing greater risks

The automatic spending cuts that are in effect will have a devastating impact on the housing market, specifically cutting $3 billion of aid to those impacted by Hurricane Sandy, warned Secretary Shaun Donovan of the U.S. Department of Housing and Urban Development

...

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March 4, 2013 11:46 AM
Ocwen will fight CFPB plan for homeowner relief fund

Federal financial regulators are starting to put the squeeze on massive loan servicer Ocwen ($44.25 0.27%), reportedly by recommending the...

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March 4, 2013 08:57 AM
Realtors, mortgage industry await impact of sequester

The real estate industry is not immune from President Barack Obama's official enactment of a sequester deal that launches $85 billion in...

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March 4, 2013 01:01 AM
Monday Morning Cup of Coffee: President Obama orders spending cuts

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

Late Friday, President Barack Obama instructed federal agencies to start implementing...

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March 1, 2013 05:36 PM
CoreLogic: Sinkholes more common, costly than homeowners realize

A Florida man who reportedly lost his life as a sinkhole swallowed his entire bedroom sent a chill across the U.S. as more Americans became aware of how unsettling nature can be.

But, unfortunately, sinkholes may be more common than homeowners realize, and the hazard is one insurance...

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March 1, 2013 06:15 PM
Judge revives multibillion-dollar MBS dispute against bond issuers

The Second Circuit Court of Appeals overturned a lower court's dismissal of a major residential mortgage-backed securities lawsuit filed against U.S. mortgage bond issuers.

The court's ruling revived claims from an investor group that alleged several securities law violations stemming...

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