The Residential Mortgage-Backed Securities (RMBS) Working Group unveiled a new website on Thursday to enable "whistleblowers" to report mortgage-backed securities (MBS) related misconduct. The group also announced the creation of a new team to coordinate various securities-related investigations around the country.
The Mortgage Bankers Association (MBA) is projecting that mortgage originations in 2012 will be $200 billion higher than was originally anticipated. Almost all of the increase will be coming from a boom in refinancing, but none of the additional originations are pegged to the Home Affordable Refinance Program (HARP 2.0...Read More
As part of its semi-annual report to Congress, the Federal Housing Finance Agency's (FHFA) Office of the Inspector General (OIG) included a section detailing, in financial terms, the fall of the two government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac ...Read More
In its third semi-annual report to Congress the Federal Housing Finance Agency's (FHFA) Office of the Inspector General (OIG) recapped its activities during the six month period ending April 30. OIG is charged with promoting transparency in FHFA's program administration and oversight of the operations of the two government sp...Read More
Freddie Mac said that first quarter 2011 economic data that has begun to emerge from various sources are, even though some is preliminary, beginning to create an impression of what the year may hold. Data on economic growth indicates that the quarter had slower growth than the one that preceded it but was still up from three ...Read More
The Federal Reserve has posted a video for homeowners informing them of their right to an independent review of their foreclosure files if they believe they were harmed by their servicer. The nearly four minute long video is available in English, Spanish and has an accompanying hard-copy transcript.
Sales of new single-family houses in April 2012 were at a seasonally adjusted annual rate of 343,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.3 percent above the March rate of 332,000 and is 9.9 percent above the April 2011 estimate of 31...Read More
Another survey is reporting that U.S. home prices have managed a recent slight rebound. The Federal Home Finance Agency's (FHFA) is reporting that home prices nationwide as measured by its seasonally adjusted Home Price Index (HPI) increased a modest 0.6 percent in the first quarter of this year compared to the fourth quarter...Read More
The Mortgage Bankers Association (MBA) credited record low interest rates for third consecutive increase in refinancing during the week ended May 18. According to its Weekly Mortgage Applications Survey, the Refinancing Index increased 5.6 percent from the previous week to reach the highest leve...Read More
The housing recovery is underway according to the National Association of Realtors® (NAR) which released numbers on Tuesday to back up that claim. Existing home sales rose from March to April and are well above sales one year ago. Prices are on the rise as well and the improvements were felt across all regions of the count...Read More
