Freddie Mac announced today that its Conventional Mortgage Home Price Index (CMHPI) Purchase-Only Series registered a 7.3 percent annualized decline in U.S. house prices during the third quarter of 2008.
Read More
First American CoreLogic, a member of The First American Corporation, a provider of advance property and ownership information, analytics, and services, today released its September 2008 LoanPerformance Home Price Index (HPI).
Read More
In response to federal regulators encouraging lenders and servicers to participate in the Federal Housing Administration’s (FHA’s) HOPE for Homeowners program, Wolters Kluwer Financial Services announced today it has begun to develop a comprehensive suite of solutions to help financial institutions comply with the program’s requirements.
Read More
Earlier today, Florida Governor Charlie Crist and state representatives of the banking and mortgage lending industry announced a voluntary agreement to provide foreclosure relief to Florida homeowners for the next 45 days.
Read More
*With Contracts Collapsing at Record Rates, We Offer Some ‘Closed-Minded’ Tips for Transaction Success*
In today’s market, it is difficult enough for many sellers to get a buyer under contract, but getting the transaction to close can be an even bigger challenge.
Read More
A federal court in Chicago recently approved a settlement agreement between the National Association of Realtors and the U.S. Department of Justice, ending antitrust charges against the association and its members filed by the federal government more than three years ago.
Read More
The national law firm McGlinchey Stafford PLLC has unveiled a solution it says will make mortgage loan modifications efficient and seamless for financial institutions facing the prospect of large-scale processing demands.
Read More
Mortgage Cadence Inc., a provider of Enterprise Lending Solutions (ELS) for the financial services industry, recently announced that it has expanded its compliance and regulatory expertise, with the addition of Tim Counterman as director of compliance.
Read More
Title insurer
LandAmerica Financial Group Inc. filed for Chapter 11 bankruptcy protection on Wednesday. The company also said that it has agreed to sell three of its underwriting subsidiaries to competitor Fidelity National Financial Inc.
Read More
First American CoreLogic, a member of The First American Corporation family of companies, today released the latest issue of its Core Mortgage Risk Monitor (CMRM). The CMRM forecasts delinquency risk for the real estate and mortgage industry, providing a barometer on the areas that are the most and least risky in terms of homeowners facing foreclosures due to mortgage default.
Read More
HOPE NOW, the private sector alliance of mortgage servicers, counselors, and investors whose mission is to prevent foreclosures and keep homeowners in their homes, yesterday announced that the mortgage industry prevented 225,000 foreclosures in October.
Read More
Data through September 2008, released yesterday by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, shows continued broad based declines in the prices of existing single family homes across the United States – a trend that has prevailed since 2007, the research firm said.
Read More
Federal Reserve Chairman Ben Bernanke has acknowledged that he was in error when he forecast that the subprime-mortgage era, and the resulting credit crunch, would not spiral into the crisis we have today, according to a feature story in the December edition of %{=FONT-STYLE: italic}
The New Yorker:http://www.
Read More
The Royal Bank of Canada has agreed to pay the United States government more than $10.71 million to resolve allegations that it’s mortgage unit submitted false documentation on 219 federally insured mortgages to the Federal Housing Administration (FHA) – mortgages which eventually wound up in foreclosure.
Read More
Existing-home sales declined on the heels of a strong gain in September as uncertainty and economic concerns increased in October, according to the National Association of Realtors (NAR).
The latest market report released yesterday by NAR shows existing-home sales – including single-family, townhomes, condominiums and co-ops – fell 3.
Read More
The government-insured share of mortgage applications continues to grow relative to conventional mortgage applications, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey released today.
Read More
Jacksonville, Florida’s USAffordable Home LLC recently introduced what it is calling a breakthrough product designed to preserve homeownership for those struggling to make their mortgage payments.
Read More
Zetabid, a California-based auction firm, yesterday announced that Christopher Connelly, a financial services executive with more than 20 years of experience, has been appointed senior managing director of Zetabid.
Read More
The Federal Reserve today announced two new financial programs that are designed to thaw the nation’s lending freeze and make it easier for consumers to obtain loans for homes, as well as cars, credit cards, and other consumer debt.
Read More
Single-family home sales in Massachusetts jumped nearly 14 percent in October from a year ago, the second consecutive month that sales increased, according to a report released today by The Warren Group, a real estate research firm based in Boston.
Read More
Do you have a news tip, story idea, or suggestion for DSNews.com or DS News magazine?
Simply e-mail editor@dsnews.com.
Whether you choose to tell us a little about yourself or prefer anonymity, we appreciate your contribution!
