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State lawmakers approved new mortgage protections for California homeowners that prevent credit unions and banks from foreclosing on a mortgage holder who has applied for a modification.
July 5 -
Delinquency rates on home equity lines of credit (HELOC) edged up in the first quarter compared to the quarter prior, according to a new report by the American Bankers Association (ABA) on Tuesday.
July 5 -
Similar to the Mortgage Bankers Association (MBA) report earlier this morning, Freddie Mac stated that new lows were set on 30- and 15-year fixed mortgage rates as well as one-year ARM rates for the week ending July 5.
July 5 -
The Mortgage Bankers Association (MBA) reported mortgage applications fell 6.7% in the week ending June 28 due to a decline in refinancing activity. The Refinance Index declined around 8% to 4543 with the share of refinances as a percent of total applications down to 78% from 79% and 81% in the prior two weeks, respectively.
July 5 -
Ally Bank is telling clients that it is exiting the warehouse lending business but it will give them time to secure new lines of credit from other lenders.
July 3 -
The Federal Housing Finance Agency said today that the winning bidders have been selected in Fannie Mae’s first bulk sale offering through the REO-to-rental pilot initiative.
July 3 -
Lender Processing Services will acquire mortgage origination technology developer LendingSpace in a deal expected to close later this month.
July 3 -
The crisis in mortgage lending and the anger that followed the robo-signing scandal has become a crisis of paper. There are lots of new laws and government guidance that all say some version of the same thing—mortgage lenders have to be wary of how their third-party service providers are following rules designed to protect consumers, or the lender may find itself in noncompliance.
July 2 -
CoreLogic's May Home Price Index (HPI) marked the third consecutive nationwide increase in home prices on both a year-over-year and month-over-month basis and and the Pending HPI Forecast shows gains to continue through June.
July 2 -
The American Securitization Forum (ASF) said in a white paper it released today that the single securitization platform for the GSEs outlined by the Federal Housing Finance Agency (FHFA) in its strategic plan could eliminate the pricing disparity that exists among the two agencies.
July 2
