U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan will testify before Congress next Tuesday regarding efforts to allow more Americans to refinance their mortgages.
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Six out of 10 homeowners who received a loan modification stopped paying their mortgage again after 18 months, but there may be a modest silver lining buried in the high recidivism rates.
June 21 -
Full-service loan advisor DebtX has announced that it plans to sell more than $358 million of participations, loans, and leases from the Tennessee Commercial Bank receivership on behalf of the Federal Deposit Insurance Corporation (FDIC).
June 21 -
The Consumer Financial Protection Bureau (CFPB) is coming under industry pressure to delay finalizing a merger of the RESPA/TILA mortgage disclosure forms until the qualified mortgage and qualified residential mortgage rules are finalized.
June 21 -
Freddie Mac reported 30-year fixed mortgage rates set new historical lows for the week ending June 21 at 3.66% with an average 0.7-point.
June 21 -
Robert A. Harris has joined due diligence provider Clayton Holdings as general counsel, according to a release from the firm.
June 21
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The Federal Reserve’s announcement that it will be extending Operation Twist disappointed mortgage investors as the statement did not include any additional mortgage purchases, according to a JPMorgan Securities midday report released Wednesday.
June 20 -
The limits on a national bank or thrift's exposure to a single borrower will now also include counterparties in derivatives transactions, according to an interim final rule released Wednesday.
June 20 -
The Federal Open Market Committee released a statement Wednesday confirming expectations that it would extend its “Operation Twist” program as well as continue reinvestment of principal payments in its agency MBS and debt holdings, prolonging downward pressure on long-term rates.
June 20 -
This week, the Mortgage Banker Association’s Government Refinance Index dramatically climbed to 8872 from 4010, which is a 120% week-over-week increase.
June 20 - Europe
The European Parliament voted yesterday to keep the recommendation for ratings rotation on all structured finance products.
June 20 -
Freddie Mac has raised its estimate for 2012 originations to $1.45 trillion in its latest economic and housing market outlook, citing lower expected 30-year rates.
June 20 -
In Tuesday’s Mortgage Strategy Weekly, FTN Financial analysts said that the speed of liquidation and loss severities within the RMBS market have a strong correlation.
June 20