News

June 17, 2013 04:57 PM
S&P expects home prices to keep rising

Surging home prices throughout the country have spurred talk of a housing bubble, as many markets are still recovering from the last bubble bursting in 2007.

But Standard & Poor’s Ratings Services states that, although double-digit gains are ultimately unsustainable,...

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June 17, 2013 04:36 PM
California home prices soar to new highs

California home prices increased by the most in 33 years as a result of strong sales growth in higher-priced markets and continued housing supply shortage, pushing up median home prices in May, the California Association of Realtors said.

Closed escrow sales of existing,...

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June 17, 2013 04:22 PM
California home prices soar to new highs

California home prices increased by the most in 33 years as a result of strong sales growth in higher-priced markets and continued housing supply shortage, pushing up median home prices in May, the California Association of Realtors said.

Closed escrow sales of existing,...

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June 17, 2013 03:37 PM
Builder confidence buoys homebuilder stocks

Homebuilder stocks soared Monday – edging up as high as 4% in some cases – after the National Association of Home Builders/Wells Fargo Housing Market Index was released,...

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June 17, 2013 11:20 AM
Ex-BofA employees allege mishandling of HAMP applications

Bank of America is prepared to address allegations from former employees who claim the mega bank routinely stalled the application process for the government’s Home Affordable Modification Program and wrongfully informed homeowners about the status of documents already on file...

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June 17, 2013 10:57 AM
Ex-BofA employees allege mishandling of HAMP applications

Bank of America is prepared to address allegations from former employees who claim the mega bank routinely stalled the application process for the government’s Home Affordable Modification Program and wrongfully informed homeowners about the status of documents already on file...

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June 17, 2013 10:25 AM
Father of securitization doubts easy return to private mortgage bonds

Known as the father of securitization, Lewis Ranieri dubbed himself "Dr. Frankenstein" during a forum at the Bipartisan Policy Center Monday, claiming the once profitable securitization market has yet to claw its way back.

The current status quo of the mortgage finance...

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June 17, 2013 10:15 AM
Father of securitization doubts easy return to private mortgage bonds

Known as the father of securitization, Lewis Ranieri dubbed himself "Dr. Frankenstein" during a forum at the Bipartisan Policy Center Monday, claiming the once profitable securitization market has yet to claw its way back.

The current status quo of the mortgage finance...

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June 17, 2013 09:23 AM
Builder confidence reaches positive territory for first time in 7 years

It’s been 7 years since the National Association of Home Builders/Wells Fargo Housing Market Index has hovered above an index score of 50.

But that feat was finally accomplished on Monday with NAHB...

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June 14, 2013 03:09 PM
Virginia court: Mortgage servicers can foreclose, despite alleged promises to borrower

The Virginia Fourth Court of Appeals upheld a lower court ruling in Roanoke that a mortgage servicer can legally foreclose, even if a borrower claims they are told something otherwise.

The McFadden v. Fed. Nat'l Mortg. Ass'n (4th Cir., 2013) case pits oral promises versus written...

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June 14, 2013 02:50 PM
Virginia court: Mortgage servicers can foreclose, despite alleged promises to borrower

The Virginia Fourth Court of Appeals upheld a lower court ruling in Roanoke that a mortgage servicer can legally foreclose, even if a borrower claims they are told something otherwise.

The McFadden v. Fed. Nat'l Mortg. Ass'n (4th Cir., 2013) case pits oral promises versus written...

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June 17, 2013 01:00 AM
Monday Morning Cup of Coffee: Fed mortgage bond decision forthcoming

Monday Morning Cup of Coffee is a quick look at the news coming across the HousingWire weekend desk, with more coverage to come on bigger issues.

Investors are holding their breathe for Ben Bernanke’s press conference on Wednesday. The Fed’s efforts to convey its...

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June 14, 2013 04:04 PM
Market challenges leave mREITs shaken

The mortgage real estate investment trust sector faced many challenges in May, ranging from rising rates to Federal Reserve tapering uncertainty.

REITs posted...

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June 14, 2013 01:13 PM
Market challenges leave mREITs shaken

The mortgage real estate investment trust sector faced many challenges in May, ranging from rising rates to Federal Reserve tapering uncertainty.

REITs posted...

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June 14, 2013 10:53 AM
Agency MBS hit bumps due to Fed tapering

May witnessed heightened volatility, scattered demand and an overall move to higher yields and lower prices amidst a backdrop of Federal Reserve...

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