Investors, First-Time Buyers Growing Leary of Distressed Market

September 26, 2011 No Comments

The latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, released on Monday, has a pair of findings that should be distressing to lenders holding both foreclosed real estate (REO) and distressed mortgages.  The survey data, gleane…

readmore bank owned real estate, reo

CBO Evaluates Potential Costs of a Large-Scale Refinancing Program

September 9, 2011 No Comments

The non-partisan Congressional Budget Office (CBO) just released a working paper entitled An Evaluation of Large-Scale Mortgage Refinancing Programs in which it analyzed a large-scale program that would relax current income and loan-to-value restrictio…

readmore cbo

Government Seeks Solutions to Foreclosure Glut

August 10, 2011 No Comments

Have a bright idea about how the government can best liquidate the current huge inventory of owned real estate (REO) currently held by FHA, Fannie Mae and Freddie Mac?  Here is your chance to be heard.  The Federal Housing Finance Agency (FHF…

readmore 203(k), affordable housing

Loan Demand Up as Mortgage Rates Fall

August 3, 2011 No Comments

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey* for the week ending July 29, 2011.  Excerpts from the Release… The Market Composite Index, a measure of mortgage loan application volume, increased 7…

readmore loan demand, MBA

FHA’s Mortgage Review Board Sanctions 240 Lenders

August 1, 2011 No Comments

The Federal Housing Administration’s (FHA’s) Mortgagee Review Board (MRB) has posted the results of formal actions taken against 240 lenders for failure to meet FHA requirements.  The current notice, posted in The Federal Register, is a summary of…

readmore Mortgage Review Board

Foreclosure Activity Drops in First Half of Year

July 28, 2011 No Comments

Almost 85 percent of large cities showed a decrease in foreclosure activity during the first six months of 2011 according to the Mid-year 2011 Metropolitan Foreclosure Market Report released on Thursday by RealtyTrac.  This includes the ten cities…

readmore Auction, default notice

Loan Demand: Refi Index Near 2011 Highs

July 27, 2011 No Comments

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey* for the week ending July 22, 2011.  Last week the MBA reported a 23.1 percent increase in the number of refinance applications taken during the week o…

readmore loan demand, MBA

Foreclosuregate: Banks Seek Immunity from Civil Lawsuits

July 21, 2011 No Comments

I found the timing of this news to be extra interesting. WHY? Because the Consumer Financial Protection Bureau goes live today! Ironic isn’t it?  I’m sure consumer advocates and attorneys everywhere are loving this headline (note sarcasm).  T…

readmore Loan Servicer, robo-signings

Foreclosure Reality Distorted by Processing Delays

July 14, 2011 No Comments

RealtyTrack has reported a generally downward trend in foreclosure filings since last fall, but the monthly variations tended to mask the magnitude of the trajectory.  The mid-year report, released on Thursday, solidifies the impression of an impr…

readmore distressed sales, home prices

Foreclosure Reality Distorted by Processing Delays

July 14, 2011 No Comments

RealtyTrack has reported a generally downward trend in foreclosure filings since last fall, but the monthly variations tended to mask the magnitude of the trajectory.  The mid-year report, released on Thursday, solidifies the impression of an impr…

readmore distressed sales, home prices

Investors, First-Time Buyers Growing Leary of Distressed Market

The latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, released on Monday, has a pair of findings that should be distressing to...

CBO Evaluates Potential Costs of a Large-Scale Refinancing Program

The non-partisan Congressional Budget Office (CBO) just released a working paper entitled An Evaluation of Large-Scale Mortgage Refinancing Programs in which it...

Government Seeks Solutions to Foreclosure Glut

Have a bright idea about how the government can best liquidate the current huge inventory of owned real estate (REO) currently...

Loan Demand Up as Mortgage Rates Fall

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey* for the week ending July 29, 2011.  Excerpts...

FHA’s Mortgage Review Board Sanctions 240 Lenders

The Federal Housing Administration's (FHA's) Mortgagee Review Board (MRB) has posted the results of formal actions taken against 240 lenders for...

Foreclosure Activity Drops in First Half of Year

Almost 85 percent of large cities showed a decrease in foreclosure activity during the first six months of 2011 according to...

Loan Demand: Refi Index Near 2011 Highs

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey* for the week ending July 22, 2011.  Last...

Foreclosuregate: Banks Seek Immunity from Civil Lawsuits

I found the timing of this news to be extra interesting. WHY? Because the Consumer Financial Protection Bureau goes...

Foreclosure Reality Distorted by Processing Delays

RealtyTrack has reported a generally downward trend in foreclosure filings since last fall, but the monthly variations tended to mask the...

Foreclosure Reality Distorted by Processing Delays

RealtyTrack has reported a generally downward trend in foreclosure filings since last fall, but the monthly variations tended to mask the...