The massive winter storms that hit the East Coast and the Midwest in late January and early February made snow a four-letter word for anyone in their path. The storms… Read More »
Federal Housing Finance Agency Director Mel Watt insists that loans with low (3 percent) down payments, which Fannie Mae and Freddie Mac will now be able to purchase, are no… Read More »
Since the economic downturn and well into the housing recovery, real estate industry executives have been blaming unduly conservative appraisals for scuttling home sales. But the gap between what owners… Read More »
President Obama covered a lot of domestic and foreign policy ground in his state-of-the-union address, but one topic was conspicuously absent: Housing. The President referred to housing policy only indirectly… Read More »
Sales of new homes rebounded smartly in December after sinking in November) for the second consecutive month) to the lowest level since July of last year. December sales by contrast,… Read More »
Foreclosure rates are declining nationally but foreclosure times aren’t, at least not much. It took an average of 604 days to process foreclosures in the fourth quarter, down only slightly… Read More »
Stricter underwriting guidelines that are making it more difficult for prospective home buyers to qualify for mortgages are also leading more of them to lie on their loan applications. That… Read More »
WASHINGTON (Reuters) – U.S. and state regulators ordered Wells Fargo (WFC.N) and JPMorgan Chase (JPM.N) to collectively pay $35.7 million on Thursday to settle charges that they participated in an… Read More »
Adopt a compliance management system. If you are a frequent reader of our blog, you know that we have emphasized that message over and over and over again. Today, we… Read More »
That summarizes the mortgage industry’s consensus response to the new “Rate Checker” tool the Consumer Financial Protection Bureau (CFPB) announced recently as part of an “Owning a Home Toolkit” designed… Read More »