Stevens To Stay On Board At The MBA
The Mortgage Bankers Association (MBA) says David H. Stevens has decided to remain with the organization as its president and CEO despite recently...
CoreLogic HPI Shows Increase In Home Prices
According to the May 2012 Home Price Index (HPI) report from CoreLogic, home prices nationwide - including distressed sales - increased on a...
New Rental Housing Endeavor For Indigenous Peoples In British Columbia
Canada's federal government and the provincial government of British Columbia have announced a C$5 million investment in a newly funded Aboriginal Housing Initiative...
FHA Cancels Credit-Restriction Policy Change
The Federal Housing Administration (FHA) has canceled plans to enact new credit restrictions that were scheduled to take effect July 1. The Washington...
MBA: Independent Mortgage Bank Profits Up In Q1
Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $1,654 on each loan they originated in the first...
Freddie Mac: Average FRMs Match All-Time Record Lows
Freddie Mac reports that average fixed mortgage rates were largely unchanged this week, with both the 30-year fixed-rate mortgage (FRM) and 15-year FRM...
Congress Approves Five-Year NFIP Extension
Congress approved a five-year extension of the National Flood Insurance Program (NFIP) as part of a larger bill that encompassed an extension of...
First Niagara Announces $3.1 Billion MBS Sale
First Niagara Financial Group Inc. has sold $3.1 billion of mortgage-backed securities (MBS) and plans to use the proceeds of the sale to...
CFPB Blasts Reverse Mortgages As ‘Difficult’ To Understand
The Consumer Financial Protection Bureau (CFPB) is taking aim at the reverse mortgage sector with a new report that blasts the product as...
House Oversight Committee Approves Fed Audit Bill
A bill sponsored by Rep. Ron Paul, R-Texas, that would require a thorough auditing of the Federal Reserve has passed the House Oversight...
Sen. Coburn, Citing GAO Report, Slams Mortgage Insurance For ‘Tax Cheats’
Sen. Tom Coburn, R-Okla., is criticizing the federal government for allowing 'tax cheats' to receive federal mortgage insurance assistance, even though government regulations...
MBA: Mortgage Applications Down 7.1%
Mortgage applications decreased 7.1% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the...
Sotheby’s International To Enter Chinese Luxury Property Market
Sotheby's International Realty Affiliates LLC has announced plans to enter China's luxury property market by the first half of next year. Bloomberg News...
Reid: I’ll Block NFIP Vote Over Rand Paul’s Conception Amendment
Senate Majority Leader Harry Reid, D-Nev., has threatened to block a vote on a bill to reauthorize the National Flood Insurance Program (NFIP)...
NAR: Pending Home Sales Up In May
Pending home sales bounced back in May, matching the highest level in the past two years, according to the National Association of Realtors'...
California, Nevada And Florida Lead In Q1 Mortgage Fraud Reports
California, Nevada and Florida led the nation in the number of mortgage loan fraud suspicious activity reports (MLF SARs) subjects per capita during...
S&P/Case-Shiller: Home Prices Up In April
Home prices were up in April, according to the data released by S&P Indices for its S&P/Case-Shiller Home Price Indices. The indices determined...
Consumers Union Seeks Increased CFPB Oversight On Reverse Mortgages
Consumers Union, the policy and advocacy division of Consumer Reports, is calling on the Consumer Financial Protection Bureau (CFPB) to 'protect vulnerable seniors...
FHLBank Cincinnati Awards $9.5 Million In Affordable Housing Grants
The Federal Home Loan Bank of Cincinnati (FHLBank Cincinnati) has awarded 39 grants to 37 projects totaling more than $9.5 million under the...
NYCHA Seeks PR Help For ‘Ownership Of Its Own Messages’
The embattled New York City Housing Authority (NYCHA) is seeking to counter negative press coverage by issuing a request for proposals (RFP) for...