Senior Home Equity At Highest Rate Since 2009
Americans 62 years old and older now have more equity in their homes than at any time since mid-2009, according to data released...
Existing-Home Sales Up 0.8% In February
Total existing-home sales increased 0.8% to a seasonally adjusted annual rate of 4.98 million in February from an upwardly revised 4.94 million in...
Freddie Mac Sues 15 Banks Over LIBOR Rigging
Freddie Mac has filed a lawsuit against 15 big banks for their alleged rigging of the London Interbank Offered Rate (LIBOR). The Associated...
Home Values Up 0.1% In February
Home values nationwide rose for the 16th straight month in February, according to new data from Seattle-based Zillow. U.S. home values rose 0.1%...
Webinar To Focus On Cybersecurity
The law firm Ballard Spahr LLP is hosting a free April 2 webinar on cybersecurity issues. 'Data security breaches are unavoidable today, and...
Court Rules FHFA Can Reject PACE Program Loans
A federal appeals court in San Francisco has dismissed a lawsuit against the Federal Housing Finance Agency (FHFA) for its refusal to allow...
Mortgage Applications, Refi Activity Down Last Week
Mortgage applications and refinance activities dropped last week, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the...
JPMorgan Chase Issues First RMBS Since 2007
The long-dormant private-label market has received a jolt: For the first time since 2007, JPMorgan Chase & Co. is planning to sell $616...
Enterprise Bank & Trust Acquires F&M Bank’s Mortgage Division
St. Louis-based Enterprise Bank & Trust, the banking subsidiary of Enterprise Financial Services Corp., has announced definitive agreement to acquire certain assets of...
DeMarco: Get Government Out Of Housing Finance
Edward DeMarco, the acting director of the Federal Housing Finance Agency, challenged Washington to show leadership in shrinking the government's role in the...
Affordable Housing Plans Aim At Mortgage Interest Deduction Changes
Affordable housing has taken center stage with a new bill in the House of Representatives and a new tax policy proposal from a...
Builder Confidence Ticks Downward
Builder confidence in the market for newly built, single-family homes ticked down slightly this month, with a two-point reduction to 44 on the...
Nine State AGs Call For DeMarco’s Removal From FHFA
Nine Democratic state attorneys general have written to President Obama and the leaders of Congress to remove Edward DeMarco from the helm of...
Banking Committee Approves Cordray And White Nominations
The Senate Banking Committee voted along party lines to confirm Richard Cordray's nomination as director of the Consumer Financial Protection Bureau (CFPB). The...
Shiller: Housing Market Is ‘Very Abnormal’
One of the most prominent thought leaders in housing is looking at the market with significant apprehension. In an interview with the Daily...
Single-Family Housing Starts Barely Up In February
Single-family housing starts in February were at a rate of 618,000, which is 0.5% above the revised January figure of 615,000, according to...
Proposals Sought For Green Community In Boston
Boston officials are looking to create a series of small communities consisting of energy-efficient residential and commercial buildings. The Boston Globe reports that...
N.C. Congressman Touted As Possible FHFA Chief
Are Edward DeMarco's days as the acting director of the Federal Housing Finance Agency (FHFA) numbered? According to the Wall Street Journal, the...
Supreme Court Refuses To Hear Appeal By Goldman Sachs
The U.S. Supreme Court has refused to consider an appeal by Goldman Sachs Group Inc. to reverse a lower court's decision that forces...
Waters And Capuano Reintroduce FHA Legislation
Reps. Maxine Waters, D-Calif., and Michael E. Capuano, D-Mass., have reintroduced the FHA Emergency Fiscal Solvency Act, which is designed to strengthen the...