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Analysts at Amherst Securities Group say better sales of less expensive homes this winter will disproportionately benefit subprime mortgage-backed securities, which have a greater concentration of lower-priced homes.
The average loan size of the mortgages in subprime...
Analysts at Amherst Securities Group say better sales of less expensive homes this winter will disproportionately benefit subprime mortgage-backed securities, which have a greater concentration of lower-priced homes.
The average loan size of the mortgages in subprime...
The Federal Trade Commission said thousands of distressed borrowers may be victims of false claims of mortgage relief help. Instead of relief, the homeowners found themselves deeper in debt and the FTC is looking to end it, at least at a handful of firms.
The FTC filed...
Sixty-nine percent of the consumers answering Fannie Mae's latest housing survey said they would choose to buy a home over renting if they had to move in the coming months.
Fannie Mae, which polled 1,000 consumers for its September survey, said that...
A new plan to relieve lenders of repurchase risk when selling loans to Fannie Mae and Freddie Mac is a big step forward, but may not go far enough to ease financial firms' concerns, analysts with credit ratings agency DBRS said.
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The nation's shadow inventory – or supply of delinquent and distressed homes not yet on the market – fell 10.2% from year ago levels in July, real estate data firm CoreLogic said this week.
Overall, the nation had 2.3 million homes sitting on the sidelines that were either seriously...
Banking giant Wells Fargo & Co....
In May 2011, nonperforming loan investor Kondaur Capital said CEO Jon Daurio left the company.
After "taking the year off and letting the non-compete dissolve," Jon Daurio is back in the mortgage business. This time he's on the lending side.
Daurio is currently...
Lawyers for Bank of America ($13.46 -0.05%) claim insurer MBIA knew what it was getting when it agreed to insure mortgage...
Lawyers for Bank of America ($13.46 -0.05%) claim insurer MBIA knew what it was getting when it agreed to insure mortgage...
Vacant properties are stalling a true housing and economic recovery, but the solutions for addressing the issue are going to be largely dependent on where the distressed properties are located, according to Federal Reserve board governor Elizabeth Duke...
A look at stories across HousingWire's weekend desk, with more coverage to come on bigger issues:
Recent news that the nation gained 114,000 jobs in September while the unemployment rate edged down to 7.8% could have the effect of lifting mortgage...
A growing share of foreclosures in states with a judicial process is slowing the pace of foreclosures that enter the market.
In the beginning of 2007, about 45% of foreclosures were in judicial states. In June, that figure stood at 62%. Analysts at Bank of America Merrill Lynch...
Freddie Mac executives feel more optimistic about the housing market with Freddie's REO inventory down 30% from peak levels, home prices on the rise and unemployment edging lower....
Freddie Mac executives feel more optimistic about the housing market with Freddie's REO inventory down 30% from peak levels, home prices on the rise and unemployment edging lower....