CoreLogic: Foreclosure inventory tumbles 35%

CoreLogic: Foreclosure inventory tumbles 35%

But don't celebrate just yet

Only “Number Jesters” report 2Q economic growth at 4% pace

Economic revisions infuriate

4 factors weighing down housing in the second half of 2014

Will housing collapse?

Items Tagged with 'FHA'


Monday Morning Cup of Coffee: Goldman's $1B FHFA settlement?

America’s lost decade; FHA fees drag; Mortgage lending, RMBS slow to a crawl
July 28, 2014
Goldman is looking at a $1 billion settlement with the FHFA, Americans' household wealth has plunged 36% from 2003, and FHA fees may be a big drag on the housing economy.
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Existing home sales in June down 2.3% YOY

Slight uptick from May brings pace to highest since October 2013
July 22, 2014
Existing home sales declined 2.3% in June 2014 from June 2013, reaching an annual pace of 5 million sales for the first time since October 2013, while rising inventory continues to push overall supply towards a more balanced market, according to the National Association of Realtors.
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NAR: Big banks exiting FHA loans is a "bad trend"

JPMorgan Chase debates stopping FHA-backed loans
July 18, 2014
Just as the Federal Housing Administration is celebrating its 80th anniversary, big banks are debating ending their lending relationships with the administration.
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Adding this one test could cut FHA default rates in half

Defaults are falling, but there’s room to improve
July 16, 2014
In its Housing Finance Policy Center Commentary, the Urban Institute’s Laurie Goodman, Ellen Seidman and Jun Zhu write that the FHA should adopt a practice that the Veterans Administration uses when considering a borrower for a loan — the residual income test.
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NAHB joins NAR in reporting "good news" about housing "recovery"

I guess the housing recovery is real after all...not
July 16, 2014
While I could make a case that no one wants to see the housing industry get back on a firm foundation more than yours truly, there is too much evidence mounting that the overall housing market is headed for another downturn.
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FBR: Make credit available or we won’t see $1 trillion in originations

Weak May and June continue to drag market down
July 8, 2014
Nothing happens in this industry without mortgage originations. They’re the lifeblood of this industry. Without originations, there are no servicing rights available for purchase and there are no securitizations to invest in.
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US Bancorp pays $200M to resolve FHA mortgage-lending violations

Bank failed to ID problem loans certified for FHA insurance
June 30, 2014
U.S. Bancorp has agreed to pay the United States $200 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the Federal Housing Administration that did not meet applicable requirements, the Justice Department announced Monday.
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AEI risk index declines but worries rise over FHA subprimes

June 27, 2014
AEI’s National Mortgage Risk Index declined slightly from April, falling to 11.87% in May.
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FHA warns lenders on deceptive reverse mortgage practices

No mixing HECM with other products
June 19, 2014
The Federal Housing Administration continues trying to refine its policies and procedures on Home Equity Conversion Mortgages for lenders, the goal of which is to ensure more vulnerable senior borrowers aren’t confused or mislead in the loan process.
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Why did Senate committee go so easy on HUD nominee Castro?

Session is heavy on platitudes, light on details or hard questions
June 17, 2014
San Antonio Mayor Julián Castro faced a kid glove treatment from the Senate Banking, Housing and Urban Development Committee on Tuesday. The next step is a vote before the committee, which is not scheduled, which would be followed by a vote on the full Senate floor.
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