The West Boasts Healthiest Housing Markets
The nation's healthiest housing markets in October were clustered in California and the rest of the West, according to the newly released Zillow...
MBA: New Home Sales Down 18% In November
In line with the trend of declining mortgage application volume, applications for new home purchases decreased 18% in November, compared to October, according...
CoreLogic: 2013 Tame For Natural Disasters, Compared To Previous Years
Hurricane Irene. The Tornado outbreak in the Southeast. The Joplin, Mo., tornados. The California wildfires. The Colorado wildfires. Superstorm Sandy. Following a rash...
Staff Changes Lead To Some Restructuring At The FHFA
Due to the retirement of Jeffrey Spohn, deputy director of the office of conservatorship operations for the Federal Housing Finance Agency (FHFA), next...
Some Higher-Priced Mortgage Loans Exempt From Appraisal Requirements
Mortgages of $25,000 or less and certain 'streamlined' refinancings will be exempt from certain appraisal requirements defined under the Dodd-Frank Act, as per...
HUD Releases Final Qualified Mortgage Rule
The U.S. Department of Housing and Urban Development (HUD) on Wednesday released its final rule defining a 'qualified mortgage' (QM) that is insured,...
U.S. Bancorp Settles With Freddie Mac For $53 Million
U.S. Bancorp has entered into an agreement with government-sponsored enterprise Freddie Mac that resolves substantially all repurchase obligations related to representations and warranties...
MBA: Mortgage Credit Availability Decreased In November
Mortgage credit availability dipped in November as lending standards tightened slightly, according to the Mortgage Bankers Association's (MBA) Mortgage Credit Availability Index (MCAI)....
MBA: Mortgage Application Volume Increased 1% Last Week
After declining for six weeks straight, mortgage application volume increased 1% during the week ending Dec. 6, compared to the previous week, according...
Bank Of America Settles With Investors Over Faulty MBS
Bank of America's Countrywide unit will pay $500 million to settle a class-action lawsuit brought by investors who claim they were duped into...
LPS: Amortizing Second Lien HELOCs Could Wreak Some Havoc
About 48% of outstanding second lien home equity lines of credit (HELOCs) were originated between 2004 and 2006 - and because a vast...
HUD Sets FHA Loan Limits
The U.S. Department of Housing and Urban Development (HUD), which sets Federal Housing Administration (FHA) single-family loan limits, has reduced the national-ceiling loan...
Freddie Mac, PNC Reach $89M Settlement
PNC Bank, affiliate of PNC Financial Services Group Inc., has reached an agreement in principle with the Federal Home Loan Mortgage Corp. (Freddie...
Advantage Systems Notices Sales Increase From Stricter Regulations
There has been increased demand for better loan officer reporting and compliance required by stricter compensation regulations, according to Advantage Systems, a provider...
CoreLogic, Urban Institute Ink Strategic Alliance
Through a new alliance between the two organizations, the Urban Institute, a Washington, D.C.-based economic and social policy research organization, is now using...
U.S. Census: New Home Sales Rose 25.4% In October
Although sales of existing homes were down, nationwide, sales of new homes were up a whopping 25.4% in October compared to September, according...
CoreLogic: Home Price Appreciation Continues To Stabilize
Home price appreciation continued to stabilize in October, rising just 0.2%, on an adjusted basis, compared to September, and will continue to do...
CoreLogic Expands Single-Family Rental Suite To Aid Investors
In order to help facilitate investment decisions on rental properties and provide additional transparency for investors and lenders seeking to capitalize on the...
MBA: Mortgage Banker Profits Halved In Q3
Independent mortgage bankers in the third quarter made only about half of the profit they did on loans underwritten in the second quarter,...
MBA: Mortgage Application Volume Dives During Turkey Week
Mortgage application volume fell a dramatic 12.8%, on an adjusted basis, in the week ending Nov. 29, compared to the previous week, according...