Freddie Mac: Fixed-Rate Mortgages Hit Another Record Low
Last week's record-low fixed-rate mortgage (FRM) rates were broken this week, according to new Freddie Mac data. The 30-year FRM averaged 3.79% with...
Southern California Home Sale Prices Up In April
Southern California's median sale price rose year-over-year in April for the first time in 16 months, according to new data released by San...
Half Of Canada’s Homeowners Buckling Under Mortgage Debt
Canadian homeowners are feeling the pinch of balancing mortgage responsibilities with saving for retirement, according to a new study released by Toronto-based BMO...
New Nonprofit Predicts Home Valuations Are Ready To Rise
The Demand Institute, a recently created New York-based nonprofit organization that defines itself as having a 'mission to illuminate where consumer demand is...
MBA: Mortgage Applications Up 9.2%
Mortgage applications increased 9.2% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the...
Ellie Mae: 48.1% Of Residential Applications Closed In April
Nearly half of all residential loan applications closed in April, according to the latest Origination Insight Report issued by Pleasanton, Calif.-based Ellie Mae....
Housing Starts Up In April
Privately owned housing starts in April were at a seasonally adjusted annual rate of 717,000. This is 2.6% above the revised March estimate...
New Report: Write-Downs Unlikely To Impact RMBS Ratings
Principal reductions are unlikely to change long-term ratings for U.S. residential mortgage-backed securities (RMBS), according to a new report from Fitch Ratings that...
FHFA Jettisons Salary Cap For New Freddie Mac CEO
The Federal Housing Finance Agency (FHFA) has apparently ignored its previously announced plans to cap the pay for government-sponsored enterprise executive salaries at...
NAR: Realtors Earned More Money In 2011
After years of declining fortunes, U.S. real estate agents appear to be enjoying a new wave of prosperity, according to the 2012 National...
California Affordable Housing Level Reaches Record High
Housing affordability in California set a new record high in first quarter of this year, according to new data from the California Association...
‘Star Wars’ Creator Proposes Affordable Housing On His Ranch
The filmmaker who created a certain galaxy far, far away is turning his attention to a problem that is trickier than defeating Darth...
First Of 16 FHFA-Big Bank Lawsuits Set For Next Year
The first of 16 lawsuits filed by the Federal Housing Finance Agency (FHFA) against banks over their problematic mortgage-backed securities (MBS) will be...
NAR Finds Housing Affordability Conditions At New High
Housing affordability conditions for all buyers reached a milestone in the first quarter, according to the National Association of Realtors (NAR). NAR's composite...
Home Builder Confidence Up In May
Builder confidence in the market for newly built, single-family homes gained five points in May from a downwardly revised reading in the previous...
FHFA Seeks Public Comment On Strategic Plan
The Federal Housing Finance Agency (FHFA) is seeking public comment on its draft document 'Strategic Plan: Fiscal Years 2013-2017.' In accordance with the...
Federal Regulators Issue Stress Testing Practice Guidance
The Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corp. have issued a final supervisory...
FDIC’s General Counsel Announces Resignation
Michael H. Krimminger, general counsel of the Federal Deposit Insurance Corp. (FDIC), has announced that he will be leaving the agency later this...
ResCap Goes To Chapter 11 As Nationstar Snags Servicing Assets
After weeks of speculation, Ally Financial has formally announced that it has filed Chapter 11 bankruptcy for its Residential Capital LLC (ResCap) mortgage...
Deutsche Bank Unit Settles Fraud Case For $202.3 Million
Deutsche Bank AG's MortgageIT unit is paying $202.3 million to settle a civil fraud case brought by the U.S. Department of Justice (DOJ)....