News

January 24, 2013 11:05 AM
Fannie Mae: Housing will pave the way in ‘new normal’ economy

The beginnings of the housing rebound, along with the fiscal policy decisions established or currently in the process of being made, give a sense that the economy is beginning to transition back to normal.

However, there is uncertainty where this transition will lead and what type of...

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January 24, 2013 09:43 AM
Clayton Holdings launches product to probe MSR sales

Due diligence firm Clayton Holdings announced the launch of a new business segment to help clients assess risks associated with mortgage servicing transactions. The unit comes at a time when servicing shops and banks are frequently involved in the...

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January 24, 2013 08:30 AM
CoreLogic unveils nonagency RMBS surveillance service

CoreLogic ($27.18 0.96%) unveiled its latest service, CoreLogic Bond Tracker, to provide life-of-bond surveillance as well as aid...

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January 23, 2013 05:02 PM
Securitization market awaits QRM standards

With the Consumer Financial Protection Bureau's qualified mortgage rule now in place, the private label market awaits the release of the federal regulators' Qualified Mortgage...

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January 23, 2013 03:17 PM
Securitization market awaits QRM standards

With the Consumer Financial Protection Bureau's qualified mortgage rule now in place, the private label market awaits the release of the federal regulators' Qualified Mortgage...

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January 23, 2013 01:22 PM
Servicing, lending rules prompt hunt for compliance experts

The job market could become easy street for compliance experts with deep knowledge and experience in the financial services industry. 

Rob Chrisman, a mortgage industry writer, noted in a recent blog that the release of the...

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January 23, 2013 12:26 PM
Wealth effect creeps back into American households

The nascent housing recovery is beginning a shift from economic headwind to tailwind, creating the indirect effect of giving average American households hope to, once again, begin to retain a level of wealth.

Of course, being in America, the feeling of wealth is best described as a family...

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January 23, 2013 09:42 AM
Home prices maintain upward trajectory

Home prices in the U.S. rose 0.6% from October to November, according to the Federal Housing Finance Agency’s latest house price index. This compares to the index's 0.5% increase...

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January 23, 2013 09:19 AM
Mortgage delinquencies tick up in December

Mortgage delinquencies overall remain well below 2011 levels, but the U.S. loan delinquency rate still edged up 0.74% from November to December, Lender Processing Services said Wednesday.

The mortgage data and analytics firm released its LPS First Look Mortgage Report for...

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January 23, 2013 07:27 AM
Home purchases return to 2010 levels

The number of Americans filing home purchase and refinance applications grew for the week ending Jan. 18, pushing all mortgage application activity up 7% from the previous week.

The Mortgage Bankers Association noted its home purchase index grew 3% from the prior period,...

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January 22, 2013 06:01 PM
HARP success could trickle down to non-agency borrowers

With the success of the Home Affordable Refinance Program for Fannie and Freddie borrowers, there is an expected push on the part of the Obama Administration to offer performing borrowers falling outside the agency's purview a way to lower their mortgage payments – through either a refinance or...

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January 22, 2013 02:17 PM
Redwood embarks on second RMBS deal of 2013

Real estate investment trust Redwood Trust ($20.33 -0.07%) is on track with its goal of issuing...

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January 22, 2013 01:22 PM
Mixed views on mortgage banking

For those banks that reported strong fourth-quarter mortgage banking revenue, trends show loan origination volumes and gain-on-gain margins remaining well above historic profitability levels.

The steady levels were a result of robust refinancing activity driven by low rates, the presence...

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January 22, 2013 12:46 PM
Housing likely to contribute to 2013 GDP

Housing will contribute to gross domestic product in 2013, barring some unforeseen double-digit recession or economic downturn, Fitch managing director Robert Curren said Tuesday.

Fitch projects single-family housing starts will grow 18% in 2013, with new home sales rising 22% and...

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January 22, 2013 10:50 AM
Tighter inventory, underwriting squeeze existing home sales

Existing homes sales eased in December, while limited inventory maintained the upward momentum in home prices. 

Total existing home sales declined 1.0% to a seasonally adjusted annual rate of 4.94 million in December from a downwardly revised 4.99 million in...

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