News
The number of Americans in the foreclosure process plummeted by nearly 25% in the past year, according to Lender Processing Services First Look mortgage report for April.
The total delinquency rate for loans 30 days or more past due, but not yet in foreclosure, also fell...
Mortgage applications tumbled this week as refinancing and purchase applications continued their downward trend.
Application volume fell 9.8% from one week earlier for...
A surge in companies filing for 'real estate investment trust' status may lead to added scrutiny over which companies should qualify, analysts claim.
Nonetheless, REITs continue to be an attractive investment opportunity due to high performing dividend yields and today's low interest rate...
A surge in companies filing for 'real estate investment trust' status may lead to added scrutiny over which companies should qualify, analysts claim.
Nonetheless, REITs continue to be an attractive investment opportunity due to high performing dividend yields and today's low interest rate...
States hit the hardest by the foreclosure crisis benefited the most from the multi-billion dollar national mortgage servicing settlement, according to first-quarter 2013 data released by Joseph Smith, an independent monitor overseeing the distribution of aid.
Smith released another report...
Despite the Consumer Financial Protection Bureau attempt to make the ability-to-repay rule flexible, members of the financial committee addressed a variety of risks that come with the qualified mortgage, including the high risk of lenders reducing lending volume based on...
Despite the Consumer Financial Protection Bureau attempt to make the ability-to-repay rule flexible, members of the financial committee addressed a variety of risks that come with the qualified mortgage, including the high risk of lenders reducing lending volume based on...
A shareholder proposal to split the roles of chairman and CEO at mega bank JPMorgan Chase was defeated Tuesday, allowing Jamie Dimon to hold on to both his titles.
The vote to split the chairman and CEO roles received only 32.2% support, resulting in a conquered proposal...
A shareholder proposal to split the roles of chairman and CEO at mega bank JPMorgan Chase was defeated Tuesday, allowing Jamie Dimon to hold on to both his titles.
The vote to split the chairman and CEO roles received only 32.2% support, resulting in a conquered proposal...
Servicers that took part in the 2012 National Mortgage Settlement have since distributed $50.63 billion in relief to more than 620,000 homeowners, Joseph Smith, the independent monitor overseeing the Office of Mortgage Settlement Oversight reported Tuesday.
That figure includes both...
Fannie Mae and Freddie Mac are working with the Federal Housing Finance Agency to align their disaster relief response in the midst of a massive tornado outbreak in Oklahoma and surrounding states.
The relief mechanisms deployed for...
The nascent housing recovery pushed The Home Depot’s first-quarter sales 7.4% higher as the company recorded net earnings of $1.226 billion, or 83 cents a share, up 18% from $1.035 billion, or 68 cents a share, a year earlier.
The Atlanta-based home improvement retailer...
Advisory firm MountainView Servicing Group is managing the sale of a $755 million Fannie Mae servicing portfolio along with another portfolio comprised of $395 million in Fannie Mae and Freddie Mac loans.
About 99.8% of the Fannie Mae...
The housing sector may finally become a direct and meaningful contributor to U.S. economic growth in 2013 and beyond, according to NewOak CEO and Co-Founder Ron D’Vari.
D’Vari expects the sector to provide an estimated 0.5%...
The lull in April’s volatility proved to be the calm before the storm, particularly in agency mortgage-backed securities, analysts suggested.
Thus, investors should take advantage of the agency MBS weakness, but remain cautious on derivatives and specified where housing strength and...