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Not surprisingly mortgage rates were higher in Freddie Mac's latest survey due to last week's sharp sell-off as risk taking was favored. The 30-year fixed mortgage rates averaged 4.60% with an average 0.7 point in the week ending July 7, up nine basis points from last week.
July 7 -
In a few weeks the Consumer Financial Protection Bureau (CFPB) officially will open its doors, but it will be “months” before the agency promulgates any new servicing regulations, according to a top official there.
July 7 -
Federal housing regulators on Wednesday said they are lowering the conforming loan limit for Jumbo loans – the maximum loan they will buy from lenders – by almost 17%.
July 7 -
Lender Processing Services (LPS) CEO and president Jeffrey Carbiener is stepping down effective immediately for what the company said are significant health-related reasons.
July 7 -
Even if Congress and the Obama administration allow federal loan limits to fall back to pre-crisis levels in October, as expected, the limits will still be higher than they need to be, professors at The George Washington University School of Business have determined.
July 7 -
The Mortgage Bankers Association (MBA) is asking the Consumer Financial Protection Bureau (CFPB) to sit down with key stakeholders as it continues to revise mortgage disclosure forms.
July 7 -
Last week's Bank of America proposed settlement might prove to be an interesting turn of events for the U.S. attorneys general that have been seeking compensation for borrowers who were "victimized" by servicing misconduct.
July 6 -
Residential Mortgage REITs in the second quarter are generally likely to continue seeing results more or less in line with the prior one despite a somewhat volatile operating environment between April and June, according to some analysts.
July 6 -
The U.S. Treasury today gave an update on its continued orderly wind down of its agency guaranteed MBS portfolio.
July 6 -
The Mortgage Bankers Association (MBA) has released its Commercial Real Estate (CRE)/Multifamily Finance Quarterly Data Book for 1Q11, showing the “turn of the real estate cycle.”
July 6
