News

February 25, 2013 01:50 PM
Underwater borrowers provide incentive for continued QE: BofAML

Tight mortgage credit and home prices that linger well below normal levels remain barriers to a full and robust housing recovery. As a result, the market has gone too far in anticipating an early end to the open-end third round of quantitative easing, according to Bank of America Merrill...

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February 25, 2013 12:40 PM
Bipartisan housing commission wants GSE dominance erased

In many respects, our housing system is outdated and not equipped to keep pace with today’s demands and the challenges of the imminent future, the Bipartisan Policy Center’s Housing Commission...

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February 25, 2013 12:11 PM
NABE: Economic uncertainties remain, with one exception

While gross domestic product is expected to be negatively impacted by all the uncertainty surrounding the nation's impending debt ceiling debate and the risk of sequestration, the housing sector is expected to continue its upward trajectory, the National Association for Business...

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February 25, 2013 09:18 AM
LPS: December home prices rose 5.8% annually

Home prices in the U.S. edged up 5.8% year-over-year in December as the average home price rose to $207,000, Lender Processing Services said in its latest Home Price Index.

Month-over-month, home prices jumped a slight 0.1% from November, but still remained well below...

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February 25, 2013 08:46 AM
Former Hope Now leader takes new position at CoreLogic

Faith Schwartz, who for the past few years has been known as executive director of the non-profit home retention program Hope Now, is joining CoreLogic as senior vice president of government solutions.

During her time at Hope Now, Schwartz led an agency...

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February 25, 2013 01:00 AM
Monday Morning Cup of Coffee: Vericrest CEO silently departs, iServe Servicing for sale

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

David Schneider, the executive who led Washington Mutual’s home loan unit in the midst of the mortgage bubble, is reportedly no longer...

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February 22, 2013 05:45 PM
Ohio Congressional District attempts neighborhood restoration

Congresswoman Marcia Fudge, D-Ohio, introduced legislation to help states and cities enact a speedier, more efficient, process for abolishing vacant and abandoned properties.

The Restore our Neighborhoods Act of 2013 (H.R. 656) was jointly introduced by Fudge, Congressman Dave Joyce, R-...

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February 22, 2013 05:24 PM
Freddie Mac revamps insurance procedures for Hurricane Sandy borrowers

Freddie Mac adjusted procedures for dealing with insurance proceeds for borrowers impacted by Hurricane Sandy.

The GSE changed its process for helping servicers deliver insurance proceeds to borrowers who need to fix homes secured by the GSE.

Freddie's goal is to...

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February 22, 2013 02:48 PM
Freddie Mac revamps insurance procedures for Hurricane Sandy borrowers

Freddie Mac adjusted procedures for dealing with insurance proceeds for borrowers impacted by Hurricane Sandy.

The GSE changed its process for helping servicers deliver insurance proceeds to borrowers who need to fix homes secured by the GSE.

Freddie's goal is to...

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February 22, 2013 02:48 PM
California captures 40% of aid from the national mortgage settlement

The state of California received a disproportionate share of relief dollars from the 49-state national mortgage settlement, according to data released this week.

Katherine Porter, a law professor from the University of California at Irvine and monitor for the...

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February 22, 2013 03:18 PM
Housing nonprofits march in step with returning soldiers

As U.S. military operations subside overseas, more young men and women are returning home and looking for housing.

Such a search could prove difficult after time overseas, but housing nonprofits are stepping up to give soldiers a "Semper Fidelis" military welcome...

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February 22, 2013 02:02 PM
Housing nonprofits march in step with returning soldiers

As U.S. military operations subside overseas, more young men and women are returning home and looking for housing.

Such a search could prove difficult after time overseas, but housing nonprofits are stepping up to give soldiers a "Semper Fidelis" military welcome...

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February 22, 2013 01:01 PM
Refis of underwater loans shrink Ohio’s distressed inventory

While loan modifications continue to ease distress for a small fraction of delinquent loans in Ohio, the refinancing of current underwater loans is also decreasing the state's inventory of troubled mortgages.

Furthermore, the increased rate at which distressed loans are recovering without...

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February 22, 2013 11:10 AM
Investor bullish on U.S. economy thanks to housing

Housing is at the top of the list when highlighting the bright spots in the current credit markets, PIMCO Managing Director Mark Kiesel said.

He credits rising home prices, historically low mortgage rates and a developing seller’s market for this.

"We anticipate...

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February 22, 2013 07:06 AM
MBA economist sees home price recovery, but hurdles remain

The Mortgage Bankers Association’s chief economist rejects the idea that today's home price recovery and improvements in housing are the result of artificial market lifts such as legislation and federal intervention.

Jay Brinkmann, who also serves as the MBA’s senior vice...

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