RECENT BLOG POSTS
It’s hard to pinpoint just what brought the nation’s thriving residential real estate market to its knees. Everyone’s got an opinion, but trying to nail down the exact trigger in order to prevent a sequel is a difficult task. The Mortgage Bankers Association (MBA) is attempting to do just that.Ac...
05/27/2010
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According to the Q1 Homeowner Confidence Survey conducted by Seattle-based Zillow, 50 percent of homeowners nationwide believe their own home’s value declined in the past year. But in reality, 65 percent of U.S. homes have dropped in value in the last 12 months.This overconfidence brought Zillow’...
05/21/2010
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The percentage of home loans making their way through the foreclosure process jumped to a new record high during the first quarter of 2010, the Mortgage Bankers Association (MBA) reported Wednesday.Despite the industry’s, and the government’s, all-out attack on the nation’s foreclosure problem, M...
05/21/2010
Liquidation and modification rates on Countrywide-serviced residential loans have edged higher in the past few months, with a larger percentage of mortgage restructurings encompassing principal forgiveness, according to a study just released by Barclays Capital.The research firm examined loans wi...
05/21/2010
The housing recovery is just around the corner – at least that’s the consensus among a panel of 92 well-known industry economists and analysts.The Madison, New Jersey-based analytics firm MacroMarkets LLC, founded by Robert Shiller, real estate sage and father of the closely-watched Case-Shiller ...
05/21/2010
Senators unanimously approved an amendment to the financial reform package that would exempt “qualified mortgages” from the 5 percent risk retention requirement on loans bundled and sold to investors as securities.The amendment, sponsored by Sens. Johnny Isakson (R-Georgia) and Mary Landrieu (D-L...
05/15/2010
Prosecutors are investigating eight major banks to determine if they provided misleading information to credit ratings agencies in order to deceive investors about the quality of mortgage-backed securities (MBS) they were selling.New York Attorney General Andrew Cuomo has reportedly issued subpoe...
05/15/2010
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The number of mortgaged residential properties sinking under the weight of negative equity declined slightly during the first three months of this year, CoreLogic reported Monday.According to the company’s market data, just over 11.2 million, or 24 percent, of all homes in the United States with ...
05/11/2010
Mortgage giant Fannie Mae has reported a net loss of $11.5 billion for the first quarter of 2010. The deficit has prompted the GSE to ask the Treasury for another $8.4 billion in federal funding.Last week, Freddie Mac requested $10.6 billion from the Treasury after it too posted another quarterly...
05/11/2010
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A recent study by Barclays Capital says that U.S. lenders are holding fewer foreclosed homes than previously assessed by the research firm. Some are viewing the revised estimate as a testament to the stability that istaking hold in the housing market, but Barclays warns that the industry should e...
05/10/2010