News
The Federal Housing Administration keeps attracting unwanted attention this week, with the Government Accountability Office releasing a report naming the agency one of dozens of government sectors designated as a “high-risk” due to its rapid growth in the mortgage finance space...
Automatic government spending cuts could result in 75,000 fewer households receiving foreclosure-prevention aid along with rental and counseling services through the Department of Housing and Urban Development.
Shaun Donovan, HUD Secretary, sent that warning to lawmakers...
Residential mortgage-backed securitization issuance is on track to generate $12 billion in 2013, according to Standard & Poor’s.
Contributing to this trend is Stanwich Mortgage, which announced a $260 million non-agency RMBS deal backed by...
Comptroller of the Currency Thomas Curry testified on Capitol Hill in front of Congress and fellow regulators, warning that the proposed qualified mortgage rule carries significant risk in its current form.
Testifying in front of the Senate Committee on Banking, Housing...
Mortgage rates seem to have found their groove these past few weeks, showing almost no change as of late, according to the primary mortgage market survey by Freddie Mac.
The 30-year, fixed rate has hovered at 3.53% for the ...
Mortgage rates seem to have found their groove these past few weeks, showing almost no change as of late, according to the primary mortgage market survey by Freddie Mac.
The 30-year, fixed rate has hovered at 3.53% for the ...
Foreclosure starts fell to a six-year low in January as the state of Florida took the dubious distinction of becoming the state with the most foreclosure filings, RealtyTrac said Thursday.
The Irvine, Calif.-based real estate research firm said foreclosure...
Online real estate database Zillow Inc. reported a solid fourth quarter as well as overall sturdy earnings for 2012 as the housing market continues its upward trend.
Zillow ($55.86...
Thomas Curry, Comptroller of the Currency, publicly defended the agency's mutual decision with other regulators to end a complex process of reviewing foreclosures for signs of...
A proposal that gained traction before dying in San Bernardino County, Calif., would have allowed the county to seize privately securitized mortgages to refinance them in an attempt to save underwater homeowners.
At least that's how the plan was pitched last...
New Residential Corp., a spin off of Newcastle Investment Corp., told investors it plans to focus on nonagency residential mortgage-backed securitizations for growth opportunities in 2013.
New Residential stated that the nonagency RMBS market offers $1...
New Residential Corp., a spin off of Newcastle Investment Corp., told investors it plans to focus on nonagency residential mortgage-backed securitizations for growth opportunities in 2013.
New Residential stated that the nonagency RMBS market offers $1...
Federal Housing Administration Commissioner Carol Galante testified before the House Financial Services Committee, asserting that the federal agency can avoid an...
The Consumer Financial Protection Bureau will provide lenders and servicers with plain-language guides, rule interpretations and other materials to help them comply with new mortgage lending and servicing rules.
The CFPB’s ability-to-pay rule and national servicing...
Mortgage application filings fell 6.4% for the week ending February 8 as both refinancing and home purchase activity declined, an industry trade group.
Coincidentally, mortgage rates also continued to rise after spending 2012 near record lows. Analysts are not suggesting that the data...