News

January 29, 2013 11:25 AM
D.R. Horton: Net income rises 139% on building activity

Homebuilder D.R. Horton ($26.74 0%) revealed Tuesday that net income for its first fiscal quarter of 2013 increased 139% to $66.3 million, or...

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January 29, 2013 11:04 AM
D.R. Horton: Net income rises 139% on building activity

Homebuilder D.R. Horton ($26.74 0%) revealed Tuesday that net income for its first fiscal quarter of 2013 increased 139% to $66.3 million, or...

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January 29, 2013 10:18 AM
FHFA: Mortgage rates inched down in December

The Federal Housing Finance Agency reported Tuesday that the national average contract mortgage rate for the purchase of a previously occupied home — an index for ARM loans —fell to 3.29% in December from 3.36% in November. That is down 0.07% from the previous month.

The...

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January 29, 2013 09:12 AM
Home prices shot up in 2012: S&P/Case-Shiller

Home prices rose in 19 of the 20 U.S. cities studied by Standard & Poor's for the S&P/Case-Shiller Home Price Indices, falling only in New York, for the 12-month period ending in November. 

The 20-city composite index rose 5.5% during the 12-month period,...

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January 29, 2013 06:51 AM
ASF 2013: Final CFPB rules could remedy market confusion

Having the Consumer Financial Protection Bureau's qualified mortgage definition and the pending qualified residential mortgage rule solidified is a key step in getting Fannie Mae and Freddie Mac out of the housing finance sector, said Gyan Sinha...

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January 28, 2013 05:27 PM
ASF 2013: Fannie Mae and Freddie Mac are here to stay

Although the housing market has posted a shift in positive momentum, many factors within housing finance will likely remain for quite some time, and reform is not expected any time soon.

Experts on the U.S. housing finance sector generally concluded that Fannie Mae and...

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January 28, 2013 05:35 PM
REOCON 2013: An update on short sale and REO trends

The nation turned a corner since entering a foreclosure crisis more than four years ago, analysts attending the 2013 REOCON Summit & Expo said Monday. 

Speaker Daren Blomquist, vice president of RealtyTrac...

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January 28, 2013 02:09 PM
SIGTARP: ResCap executives highly paid right before bankruptcy

Ally Financial, a bailed out financial firm that put its ResCap Mortgage subsidiary into bankruptcy, is among three major firms that compensated multiple executives by paying them well above the recommended executive pay limits outlined by TARP pay czar Kenneth Feinberg, an...

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January 28, 2013 05:15 PM
REO-to-rental model becomes 'hottest' emerging asset class

Panelists at the American Securitization Forum in Las Vegas offered a securitization market outlook for 2013, noting that overall assets types are expected to perform well this year.

However, the one...

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January 28, 2013 12:43 PM
Nationstar prices servicer advance securitizations at $300 million

Nationstar Mortgage priced two servicer advanced receivable transactions at $300 million after analysts announced its special purpose vehicle Nationstar Agency Advance Funding Trust would ...

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January 28, 2013 01:29 PM
Comptroller: Market conditions create stable securitization pipeline

Comptroller of the Currency Thomas Curry kicked off the American Securitization Forum's keynote address on Monday, saying an improving housing sector and the resolution of legacy mortgage issues has created the environment necessary to support a stable securitization pipeline....

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January 28, 2013 11:52 AM
Comptroller: Market conditions create stable securitization pipeline

Comptroller of the Currency Thomas Curry kicked off the American Securitization Forum's keynote address on Monday, saying an improving housing sector and the resolution of legacy mortgage issues has created the environment necessary to support a stable securitization pipeline....

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January 28, 2013 10:03 AM
Pending home sales ease in December: NAR

Pending home sales fell in December, but still remain above year ago levels, suggesting a housing recovery is still in the works, the National Association of Realtors said.

Still, the association noted a limited supply of affordable homes in certain markets, causing a...

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January 28, 2013 04:18 AM
Monday Morning Cup of Coffee: Basel III scrutinized

A look at stories across HousingWire's weekend desk, with more coverage to come on bigger issues:

Basel III's eventual impact on U.S. banks is still somewhat of a mystery, but...

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January 27, 2013 08:57 PM
ASF panelists: Basel III to challenge RMBS market

Analysts attending the American Securitization Forum in Law Vegas warned Sunday that Basel III will have a negative impact on the securitization market. 

Partner Jerome Walker at SNR Denton and Garrett Ahitow, executive director of regulatory capital...

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