Fed Governor Warns Community Banks About CRE Problems
Federal Reserve Governor Daniel K. Tarullo has warned that community banks are facing a significant challenge brought about by the weakening of the...
Closing The Gap Between Servicing And Counseling
REQUIRED READING: As funding from federal grants and private sources continues to recede, foreclosure counseling agencies are witnessing a greater demand for their...
How Dismal Was It? CRE Stats For Q4 2009
No one would doubt that distress and uncertainty were the overarching themes in the world of commercial real estate finance by the end...
Realtors Press For Action On Flood Insurance Renewal
The National Association of Realtors (NAR) says it will continue to push Congress to quickly renew authority for the Federal Emergency Management Agency...
Subservicers Find Open Niche In Reverse Mortgages
REQUIRED READING: The subservicing sector has seen a significant volume of activity over the past few years. The reverse mortgage sector, despite declining...
Flying Into Cloud Computing, With Eric Robichaud
PERSON OF THE WEEK: If you pay close attention to the high-tech media, there is a good chance you've seen the expression 'cloud...
HUD Revamps NSP Rules
The U.S. Department of Housing and Urban Development (HUD) has announced changes to its Neighborhood Stabilization Program (NSP), which helps communities acquire, rehabilitate...
Scams, Shams And The Phishing Hook
BLOG VIEW: How safe is your company's Web site? I am asking because a few of my favorite Web sites have recently come...
Freddie Eases Fla. Condo Project Requirements
Freddie Mac has revised its guidelines to exempt its sellers from condominium project requirements and certain representations and warranties for purchase transaction mortgages...
Investors Offer Input On Market Overhaul
The Association of Mortgage Investors has released a detailed set of 'guiding principles' to Congress and regulators for how to overhaul the asset-backed...
Pre-Auction Tips To Ensure A Smooth Transition
REQUIRED READING: Many servicers are gearing up for the inevitable second wave of foreclosures by hiring additional staff and implementing new systems and...
Five More States Get ‘Hardest Hit’ Funding
The Obama administration has expanded its Housing Finance Agency Hardest-Hit Fund to target five additional states with high shares of their populations living...
ACORN (1970 – 2010)
BLOG VIEW: If you heard some strange popping noises last week, don't worry - it was only the sound of champagne bottles being...
Four Bank Closings Friday
Forty-one banks have failed this year, with Federal Deposit Insurance Corp. (FDIC)-insured institutions in Georgia, Arizona and Florida closing their doors Friday. Phoenix-based...
Infusing New Life (And Money) Into Warehouse Lending
REQUIRED READING: In 2005, there were more than 115 active warehouse lenders. There are currently fewer than 30. Today's total aggregate capacity of...
Treasury Expands HAMP To Include Write-Downs
The Obama administration has announced major alterations to its Home Affordable Modification Program (HAMP), including new incentives for principal write-downs, a two-stage forbearance...
HAMP Modifications Up In Jan.; HARP Growing
Fannie Mae and Freddie Mac have initiated approximately 540,383 Home Affordable Modification Program (HAMP) trial modifications, of which 73,376 had converted to permanent...
Lessons For The Long Recovery
REQUIRED READING: Depending on your perspective, the industry may soon be poised for the arduous task of recovery, and in some cases, a...
House Panel Prioritizes GSE Reform
'The housing finance system cannot continue to operate as it has in the past,' Treasury Secretary Tim Geithner told the House Financial Services...
BofA To Cut Principal On Certain Products
Bank of America says it will look first at principal forgiveness - ahead of an interest-rate reduction - when modifying certain subprime, pay-option...