Bay Area Home Sales Up Sharply In May
Home sales in California's Bay Area held at a six-year high last month, with the $500,000-plus market logging the biggest gains from last...
FHFA Debuts Fraud Reporting Initiative
The Federal Housing Finance Agency (FHFA) has announced an initiative to complement current fraud reporting by Fannie Mae, Freddie Mac and the Federal...
French Postal Bank May Acquire Ailing Lender
A major French mortgage lender might soon be nationalized via an acquisition. According to a Reuters report, the French post office bank La...
Home Builder Confidence Up Slightly
Builder confidence in the market for newly built, single-family homes gained one point in June from a slightly revised level in the previous...
FHFA Issues NPR Regarding PACE Program
The Federal Housing Finance Agency (FHFA) has issued a notice of proposed rulemaking (NPR) that would prevent Fannie Mae and Freddie Mac from...
Coester Appraisal Group Announces Name Change
Rockville, Md.-based Coester Appraisal Group has announced that it is changing its name to CoesterVMS. According to the company, the new name was...
FDIC Announces Shutdown Of Three Community Banks
The Federal Deposit Insurance Corp. (FDIC) has announced the closure of three community banks. The Farmers Bank of Lynchburg, Tenn., was closed by...
Ex-TBW CFO Sentenced To 60 Months For Fraud
Delton de Armas, a former chief financial officer (CFO) of Taylor, Bean & Whitaker Mortgage Corp. (TBW), was sentenced to 60 months in...
ResCap To Buffett: Go Away
The Residential Capital (ResCap) unit of Ally Financial is rebuffing efforts by Warren Buffett's Berkshire Hathaway to purchase its mortgage business assets and...
Freddie Mac: Fixed-Rate Mortgages Finally Trending Upwards
After a six-week streak of record-setting lows, Freddie Mac's average fixed-rate mortgage (FRM) data has finally trended upwards. According to Freddie Mac, the...
MBA Sets $1 Million Fundraising Goal For Open Doors Foundation
The Mortgage Bankers Association (MBA) has kicked off a fundraising campaign for its Open Doors Foundation, with the goal of raising $1 million...
HUD Awards $13.5 Million In SHOP Grants
The U.S. Department of Housing and Urban Development (HUD) has awarded $13.5 million in grants through its Self-Help Homeownership Opportunity Program (SHOP) to...
Foreign Buyers Rang Up $82.5 Billion In U.S. Housing Sales
The number of U.S. residential home sales acquired by foreign buyers totaled $82.5 billion in the 12-month period ending in March, according to...
Report Predicts Near-Term Moderation For Canadian Housing
Both new- and existing-home market activity are expected to moderate through the end of 2012, according to the Canada Mortgage and Housing Corp.'s...
SIFMA Proposes GSE Alignment As Keystone To Reform
The Securities Industry and Financial Markets Association (SIFMA) has offered its vision for reforming the government-sponsored enterprises (GSEs) by recommending that Fannie Mae...
Harvard Report Forecasts Start Of Housing Market Recovery
Despite continuing economic concerns, the U.S. housing markets are showing signs of reviving, according to a new report released by the Joint Center...
NAHB Reports Declining Number Of Improving Housing Markets
The list of U.S. housing markets showing measurable and sustained improvement now includes 80 metropolitan areas, according to the National Association of Home...
FHFA Report Details Rough 2011 For GSEs
Fannie Mae and Freddie Mac created 'critical supervisory concerns' last year, with continuing credit losses coming primarily from loans originated during the years...
HUD Allocates $500,000 In Choice Neighborhoods Program Grants
The U.S. Department of Housing and Urban Development (HUD) has awarded $500,000 in research grants to four entities to study HUD's Choice Neighborhoods...
Judicial Watch Files FOIA Lawsuit Over Cordray Recess Appointment
Judicial Watch, a conservative public interest group that advocates transparency in government, has filed a Freedom of Information Act (FOIA) lawsuit against the...