News

October 22, 2012 03:51 PM
Mortgage delinquencies spike in September, report says

While the nation's foreclosure inventory continues to shrink, new delinquencies spiked sharply during September 2012, new data released Monday afternoon showed.

According to Lender Processing Services...

Read More
October 22, 2012 05:28 PM
Mortgage approvals remain too low, new MBA chairman says

There's a need for more coordinated rulemaking activities among policymakers to ensure an even housing recovery, the Mortgage Bankers Association's newly elected 2013 Chairman Debra Still said.

Citing data from Housing and Urban Development Department...

Read More
October 22, 2012 11:33 AM
MBA's Stevens: Washington needs a housing traffic cop

The Mortgage Bankers Association must push Washington lawmakers for greater transparency and coordination of the myriad of lending rules coming from regulators, said MBA CEO and president David Stevens.

"We are calling on leadership in Washington...

Read More
October 22, 2012 10:06 AM
MBA's Stevens: Washington needs a housing traffic cop

The Mortgage Bankers Association must push Washington lawmakers for greater transparency and coordination of the myriad of lending rules coming from regulators, said MBA CEO and president David Stevens.

"We are calling on leadership in Washington...

Read More
October 22, 2012 08:30 AM
RealtyTrac: 65% of housing markets worse off than in 2008

Sixty-five percent of U.S. housing markets studied by RealtyTrac are worse off than they were four years ago, according to the Irvine, Calif.-based real estate research firm. The results of the survey arrive the same day as the final presidential debate...

Read More
October 22, 2012 05:00 AM
Monday Morning Cup of Coffee: The future of Fannie, Freddie

 

The Mortgage Bankers Association kicked off its 99th Annual Convention & Expo with a special session on the government's role in the housing finance system. The session included the CEOs of Fannie Mae and Freddie Mac...

Read More
October 21, 2012 09:24 PM
Federal housing leaders seek faster return of private capital

 

The leaders of the nation's federal housing agencies want a faster, not slower, transition to a housing finance system supported by private capital.

That's the message the heads of Fannie Mae, Freddie Mac, the Department of Housing...

Read More
October 21, 2012 06:17 PM
Federal housing leaders seek faster return of private capital

 

The leaders of the nation's federal housing agencies want a faster, not slower, transition to a housing finance system supported by private capital.

That's the message the heads of Fannie Mae, Freddie Mac, the Department of Housing...

Read More
October 19, 2012 05:27 PM
A tough week for the Dow, housing stocks

The Dow Jones Industrial average plunged 205 points, or 1.52%, closing at 13,343 on Friday, adding a dose of pessimism to mildly optimistic housing data from the week.

The Dow's drop, which analysts compared to the 1987 stock plunge, didn't necessarily kill the momentum homebuilders found...

Read More
October 19, 2012 05:20 PM
A tough week for the Dow, housing stocks

The Dow Jones Industrial average plunged 205 points, or 1.52%, closing at 13,343 on Friday, adding a dose of pessimism to mildly optimistic housing data from the week.

The Dow's drop, which analysts compared to the 1987 stock plunge, didn't necessarily kill the momentum homebuilders found...

Read More
October 19, 2012 04:46 PM
Pending single-family sales shoot up 40% in Florida

Florida earned its reputation as a recovered Sand State in September with pending home sales soaring 40.1% above year-ago levels. 

While pending sales are contracts yet to be closed, Florida Realtors found that statistic compelling enough to...

Read More
October 19, 2012 03:50 PM
Pending single-family sales shoot up 40% in Florida

Florida earned its reputation as a recovered Sand State in September with pending home sales soaring 40.1% above year-ago levels. 

While pending sales are contracts yet to be closed, Florida Realtors found that statistic compelling enough to...

Read More
October 19, 2012 02:01 PM
Countdown begins for auction of ResCap's MSRs

Two firms waiting in the wings to acquire Residential Capital's mortgage servicing rights out of bankruptcy are nearing the final bid deadline of 5 p.m. on Friday afternoon.

It's well known that Nationstar Mortgage Holdings...

Read More
October 19, 2012 01:37 PM
Fannie Mae, Freddie Mac take finger off automatic repurchase trigger

Fannie Mae and Freddie Mac said the government-sponsored enterprises won't require lenders to automatically repurchase loans with early payment defaults, reversing course on a key provision in the government-sponsored enterprise's new representation and warranty...

Read More
October 19, 2012 01:23 PM
Fannie Mae, Freddie Mac take finger off automatic repurchase trigger

Fannie Mae and Freddie Mac said the government-sponsored enterprises won't require lenders to automatically repurchase loans with early payment defaults, reversing course on a key provision in the government-sponsored enterprise's new representation and warranty...

Read More