News
President James Bullard of the Federal Reserve Bank of St. Louis discussed his current stance on monetary policy, noting that 2013 policies are considerably easier than 2012.
Regarding the Fed’s balance sheet policy, with outright asset purchases replacing the “Operation...
One of the biggest challenges within the mortgage industry is ensuring properties are protected. It’s crucial that mortgage servicers, field service providers and municipalities strive to comply with local, state and federal preservation requirements, which often results in increased litigation...
Almost one year after the national mortgage settlement, 550,000 homeowners received support due to the nation’s largest mortgage servicers distributing $45.83 billion in direct relief, according to a independent settlement monitor Joseph Smith of the Office of Mortgage Settlement...
The delinquency rate for mortgages on one-to-four-unit residential properties fell to a seasonally adjusted rate of 7.09% at the end of the fourth quarter of 2012, decreasing 31 basis points from the previous quarter, and down 49 basis points from a year ago.
The 4Q12 delinquency rate...
Banking giant Bank of America ($13.44 -0.07%) says 370,000 BofA borrowers received some type of mortgage relief through programs tied to the...
Existing home sales edged up in January due to a developing seller’s market and a steady increase in home prices above year ago levels, according to the National Association of Realtors.
Total existing home sales increased 0.4% to a seasonally adjusted annual rate of 4.92...
Interest rates continue on an upward trend so far in 2013 with the 10-year U.S. Treasury yield recently growing above 2% for the first time since April 2011...
Wall Street investment bank Goldman Sachs ($160.73 1.83%) is telling clients that the housing recovery is real and happening.
The...
The foreclosure process is notorious for taking time, especially over the last 12 to 18 months, but for some states using a non-judicial process, the cause of delays may be different than a judicial foreclosure but still take up some time.
At the ...
Many Federal Open Market Committee participants emphasized that the Federal Reserve should be prepared to vary the pace of monthly bond purchases due to the risks and benefits of further commitment to the third-round of open-ended quantitative easing.
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Many Federal Open Market Committee participants emphasized that the Federal Reserve should be prepared to vary the pace of monthly bond purchases due to the risks and benefits of further commitment to the third-round of open-ended quantitative easing.
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The U.S. Chamber of Commerce issued a letter to Richard Cordray, Director of the Consumer Financial Protection Bureau, calling for a significant improvement in supervision and authority processes.
The...
At the Mortgage Bankers Association’s National Mortgage Servicing conference, David Silberman, the Consumer Financial Protection Bureau’s associate director for research, markets and regulations took time to address the recent regulations released in January by...
New home starts on private residences fell 8.5% from December to January, the U.S. Census Bureau and the Department of Housing and Urban Development reported Wednesday.
Yet, analysts with Capital Economics, while noting the slowdown, say...
The housing finance system is still dealing with the challenge of having too many Washington D.C. policymakers, David Stevens, president and CEO of the Mortgage Bankers Association said at the trade group's National Mortgage Servicing Conference & Expo...