U.S. Homeownership Rate At 65.5% In Q2
The national homeownership rate was 65.5% in the second quarter of this year, slightly lower than the second quarter 2011 rate of 65.9%...
San Francisco To Vote On Affordable Housing Funding Proposal
San Francisco residents will have a chance this November to determine whether their taxes will be diverted to support a new funding stream...
AnnieMac Acquires Louviers Home Mortgage
Mount Laurel, N.J.-based AnnieMac Home Mortgage has acquired Wilmington, Del.-based Louviers Home Mortgage. Terms of the agreement were not made public. Founded in...
NAR: Pending Home Sales Down In June
Pending home sales declined in June, according to new data from the National Association of Realtors (NAR). NAR's Pending Home Sales Index (PHSI)...
Ex-Citigroup CEO Weill: Break Up The Big Banks
Former Citigroup Chairman and CEO Sanford I. Weill has come out in favor of breaking up the nation's largest financial institutions by separating...
Freddie Mac’s Mortgage Portfolio Down 2.5% In June
Freddie Mac's total mortgage portfolio decreased at an annualized rate of 2.5% in June, according to monthly volume data released by the government-sponsored...
FHFA Revealed To Hire Consultant For GSE Receivership Strategies
The Federal Housing Finance Agency (FHFA) has quietly hired New York-based PricewaterhouseCoopers LLP to create contingency plans for taking the government-sponsored enterprises (GSEs)...
Single-Family House Sales Down 8.4% In June
Sales of new single-family houses in June were at a seasonally adjusted annual rate of 350,000, according to estimates released jointly by...
Trump Tells Investors: Go Buy A House
Donald Trump has advice for investors: consider residential real estate. In an interview on CNBC's 'Squawk Box,' the real estate mogul cited 'very...
Equifax Debuts Fraud Mitigation Solution
Atlanta-based Equifax has announced the availability of Suspicious ID, a new fraud mitigation solution designed to protect financial institutions and consumers by rapidly...
Fannie Mae To Roll Out Desktop Underwriter Version 9.0
Fannie Mae has announced that it will implement Desktop Underwriter (DU) Version 9.0 during the weekend of Oct. 20. Loan case files created...
MBA: Mortgage Applications Up 0.9%
The Mortgage Bankers Association's (MBA) market composite index, a measure of mortgage loan application volume, increased 0.9% on a seasonally adjusted basis for...
Fitch Ratings Predicts Further Drop In Personal Bankruptcy Filings
Fitch Ratings is forecasting that U.S. personal bankruptcy filings are likely to decline by 11% for the current year. The ratings agency is...
Rival Data Sources Debate Status Of Housing Recovery
Did the U.S. housing market finally hit its long-expected bottom? One data source insists the bottom has been reached, while two others strongly...
NAFCU Elects Michael J. Parsons Chairman
Michael J. Parsons, president and CEO of First Source Federal Credit Union, headquartered in New Hartford, N.Y., has been elected chairman of the...
Cordray: I’d Serve Under Romney
Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), says that he would serve out the remainder of his term if Mitt...
Report Claims Racial Disparity In Government-Backed Loan Origination
A coalition of community organizations has issued a report stating there was evidence of a 'two-tiered mortgage market characterized by high rates of...
Five Community Banks Are Shut Down
Five community banks were closed late last week, with the Federal Deposit Insurance Corp. (FDIC) being named as their receiver. The Georgia Department...
CoesterVMS Expands To 6,000 Square-Foot Operations Center
Rockville, Md.-based CoesterVMS, a provider of appraisal management services and technology, has leased a new 6,000 square-foot operations center in Virginia Beach, Va....
HUD Provides $12.7M For Native Hawaiian Housing Program
The U.S. Department of Housing and Urban Development (HUD) has announced that it will provide $12.7 million in funding to produce affordable housing...