MBA Wants Stakeholder Input On Secondary Market Reforms
The Mortgage Bankers Association (MBA) has released the fifth in its series of concept papers outlining recommendations for re-engineering the secondary mortgage market....
U.S. Bancorp Sues GreenPoint Over MBS Losses
U.S. Bancorp has reportedly filed a lawsuit against Capital One Financial Corp.'s GreenPoint Mortgage Funding Inc. claiming about $400 million in losses on...
MBA: Mortgage Lending Standards Loosened Slightly In June
There was slightly more available credit to home buyers in June, according to the Mortgage Bankers Association's (MBA) Mortgage Credit Availability Index (MCAI)....
CoreLogic: Foreclosure Rate Inched Up In May, But Down Overall
Although the national foreclosure rate increased 3.5% in May, compared to April, the number of homes in foreclosure was down 27% by comparison...
CFPB Releases Dodd-Frank Mortgage Rules Readiness Guide
To help lenders determine whether they are prepared for implementation of new mortgage rules slated to take effect by mid-January 2014, the Consumer...
Court Reverses DOL Ruling, Loan Officers Exempt From Overtime Again
A three-judge panel from the Court of Appeals for the Washington, D.C., Circuit has reportedly vacated a 2010 Department of Labor (DOL) administrative...
LPS: Mortgage Delinquencies Down 15% Since December
Mortgage delinquencies continued to decline in May, reaching 6.08% for the month, the lowest rate since 2002, according to Lender Processing Services' (LPS)...
Fannie Mae: Rising Rates Could Force Potential Buyers Off The Fence
Rising mortgage rates combined with increasing home prices could force many buyers to act sooner rather than later, resulting in a flurry of...
FHFA: More Than 2.5 Million HARP Loans Issued Since 2009
Thanks to historically low interest rates, nearly 107,000 loans were completed through the Home Affordable Refinance Program (HARP) in April, according to the...
Officers For PennyMac Mortgage Investment Trust Under Investigation
Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of PennyMac Mortgage Investment Trust (PMT) breached their fiduciary...
HUD Charges Jackson, Minn., Landlord With Housing Discrimination
A Jackson, Minn., landlord has been charged with violating the Fair Housing Act for allegedly refusing to rent an apartment to a woman...
RealtyTrac Lists Best Retirement Communities To Invest In
Dunnellon, Fla., tops RealtyTrac's list of the 15 best retirement communities to invest in for 2013, based on price appreciation and capitalization rates....
Freddie Mac: Mortgage Rates Dip After Historic Spike Last Week
Following last week's historic jump in mortgage rates - prompted by the Federal Reserve's June 19 announcement that it would begin winding down...
MBA: Mortgage Application Volume Plummeted 11.7% Last Week
Who said rising interest rates won't slow the housing recovery? The Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending...
First National Property Data Service, Housefax.com, Launched
Uncovering the true condition of a house is no easy task. To help borrowers get the lowdown on house condition before making a...
MBA Launches First Index Measuring Available Mortgage Credit
The Mortgage Bankers Association (MBA) has introduced what it claims is the only standardized quantitative index solely focused on mortgage credit. The Mortgage...
Three Landlords Sued For Discrimination In Washington State
Three people who own and manage rental homes in and near Kelso and Longview, Wash., are being sued for violating the federal Fair...
CoreLogic: Home Prices Up 12.2% From May 2012 To May 2013
CoreLogic's Home Price Index (HPI) report, based on its Multiple Listing Service data, shows that home prices nationwide, including distressed sales, increased 12.2%...
Veros: California Markets To See Strongest Appreciation In 2013
Nearly 90% of the residential U.S. real estate market is expected to see appreciation over the next 12 months, according to Veros Real...
Stonegate Mortgage Files For IPO
Indianapolis-based Stonegate Mortgage Corp. has reportedly filed with the Securities and Exchange Commission for an initial public offering (IPO), however, the company is...