News
Obtaining a mortgage with a FICO score in the 620 range is more difficult in today's lending environment, the Federal Reserve concluded in its April survey of loan officers and bank lenders.
The Federal Reserve polled a little under 100 banks and found 32 of respondents...
It seems Americans are growing more optimistic about the state of housing, as more than half of Americans now expect the country’s home prices to appreciate within the next year, Fannie Mae reports.
Those results came from Fannie Mae’s April 2013 National Housing Survey,...
It seems Americans are growing more optimistic about the state of housing, as more than half of Americans now expect the country’s home prices to appreciate within the next year, Fannie Mae reports.
Those results came from Fannie Mae’s April 2013 National Housing Survey,...
While the majority of the market would like to wipe the secondary mortgage market slate clean and start fresh in designing a new one, experts at the Mortgage Bankers Association Secondary Conference on Tuesday agreed that too much damage has been done to begin from scratch....
While the majority of the market would like to wipe the secondary mortgage market slate clean and start fresh in designing a new one, experts at the Mortgage Bankers Association Secondary Conference on Tuesday agreed that too much damage has been done to begin from scratch....
Mortgage servicer Nationstar posted a first-quarter profit of $62.6 million and announced the strategic acquisition of the Greenlight Financial Services mortgage origination business.
The move shows the servicing giant modeling other larger firms...
Bank of America and MBIA ended two pieces of legacy litigation this week, putting to rest a prominent mortgage-backed securities case and a lawsuit challenging MBIA’s 2009 restructuring.
HousingWire covered the story...
Residential construction jobs faced a 41% drop between 2006 and 2011. With homebuilding predicted to return to normal by 2016, housing starts may double over the next four years, Fannie Mae said.
This return to normalcy also implies an improvement in residential...
Residential construction jobs faced a 41% drop between 2006 and 2011. With homebuilding predicted to return to normal by 2016, housing starts may double over the next four years, Fannie Mae said.
This return to normalcy also implies an improvement in residential...
Both government-sponsored enterprises and Ginnie Mae addressed their biggest critics Monday: the consumers.
All three firms insist they have effectively tackled issues such as purchase uncertainty, merging security pools and the single-securitization platform.
The...
Both government-sponsored enterprises and Ginnie Mae addressed their biggest critics Monday: the consumers.
All three firms insist they have effectively tackled issues such as purchase uncertainty, merging security pools and the single-securitization platform.
The...
Preventing Fannie Mae and Freddie Mac from purchasing mortgages outside the parameters of the ability-to-repay rule will further constrict lending to non-traditional borrowers and rural areas, the National Association of Federal Credit Unions...
Preventing Fannie Mae and Freddie Mac from purchasing mortgages outside the parameters of the ability-to-repay rule will further constrict lending to non-traditional borrowers and rural areas, the National Association of Federal Credit Unions...
The California Homeowner Bill of Rights is slowing the movement of distressed properties in the West Coast state, Lender Processing Services said in a report.
HBOR is one of the more aggressive state-based pieces of legislation drafted in response to the...
[Update 1: Adds Mortgage Settlement Monitor's comments]
New York Attorney General Eric Schneiderman announced Monday his intentions to sue Bank of America and Wells Fargofor...