June 15, 2011 (Chris Moore) If ever it is true that what goes up must come down, the Southern California housing market would be the prime example of that age old adage. The quick run up in housing prices during the boom years has led to a painful four year downslide for the southern half [...]
June 14, 2011 (Jeff Alan) The Federal Housing Finance Agency (FHFA) released its third Report to Congress, detailing the findings of the agency’s 2010 annual examinations of Fannie Mae, Freddie Mac, the 12 Federal Home Loan Banks (FHLBanks), and the FHLBanks’ Office of Finance. In the report, FHFA says that since being under conservatorship in [...]
June 14, 2011 (Shirley Allen) Freddie Mac and the Credit Union National Association (CUNA) have renewed their alliance to provide a package of services for credit unions including tools designed to reach first-time homebuyers and low and moderate income homebuyers. […]
June 14, 2011 (Shirley Allen) Mortgage insurance provider Radian Guaranty Inc., reports improved performance in its delinquent loan inventory as the overall number of delinquent loans that it insures continued to drop in May, despite an uptick in delinquencies from the previous month. […]
June 10, 2011 (Shirley Allen) The Department of Housing and Urban Development (HUD) has announced they will speed disaster relief assistance to areas of Illinois, Minnesota, and Oklahoma, providing support to homeowners and low-income renters who have been forced from their homes following severe storms, winds and flooding in May. […]
June 10, 2011 (Chris Moore) Regulators from the six federal agencies who were tasked with crafting the proposal for the risk retention rules for mortgages required under last year’s Dodd-Frank Finance Reform Bill have extended the deadline for the public comment period until August 1, 2011. […]
June 10, 2011 (Jeff Alan) The Treasury Department reports that a total of 699,053 permanent loan modifications have been started under the government’s Home Affordable Modification Program (HAMP) through the end of April, 2011. Permanent modifications in April numbered 28,867, which was less than the 36,827 recorded in March of 2011, but was in-line with [...]
June 10, 2011 (Chris Moore) More than 4.8 million loan modification arrangements have been made to help keep homeowners in their homes between April 2009 and the end of March 2011 according to the Obama Administration’s May Housing Scorecard, with the total number of agreements more than double the number of foreclosure completions during the [...]
June 9, 2011 (Shirley Allen) Mortgage interest rates continued their downward trend for the eighth consecutive week, as continuing concerns of a weakening economy and housing market pushed interest rates to levels last seen in November of last year according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS). […]
