Freddie Mac: Great Year So Far For Apartment Construction

Construction of condominium complexes is "scant," at least in comparison to 2006, and single-family construction is just "chugging along," Freddie Mac reports.

'Access To Affordable Mortgages Act' Introduced In The House

Rep. Blaine Luetkemeyer, R-Mo., recently introduced the Access to Affordable Mortgages Act, which aims to exempt certain higher-risk loans from property appraisal requirements under the Truth in Lending Act.

Black Knight: HELOC Reset Storm Approaching

A report from Black Knight Financial Services shows that at least 2.5 million HELOCs will face resets over the next several years, resulting in an average increase of $250 per borrower monthly payment.

CFPB Selects Vendors And Lenders For Its Mortgage E-Closing Pilot

Five technology firms and seven lenders will participate in the CFPB's e-closing pilot, which will explore the viability of developing a standard process for closing mortgages using technology.

BofA To Pay Nearly $17 Billion To Resolve Mortgage Bond Probe

The agreement with the U.S. Department of Justice eclipses the $13 billion settlement JPMorgan Chase reached with federal and state authorities over similar allegations last November.



Builder confidence in the market for newly built, single-family homes rose in September to reach the highest point since November 2005, the National Association of Home Builders (NAHB) reports. [Read More]

New methods for tying losses on pension plans to defaults on poorly underwritten residential mortgage-backed securities (RMBS) have paved the way for Virginia and other states to bring lawsuits [Read More]


From The Orb

Large lenders are likely to ease their underwriting standards over the next three months, particularly for non-GSE-eligible and government loans, while smaller lenders will be less inclined to do [Read More]




Citing the fact that the labor market continues to be weak and too many Americans remain unemployed, the Federal Reserve announced on Wednesday that it would continue to taper [Read More]


HSBC Holdings PLC is the latest bank to settle with the Federal Housing Finance Agency (FHFA) over poorly underwritten mortgages sold to government-sponsored enterprises (GSEs) Fannie Mae and Freddie [Read More]


PERSON OF THE WEEK: Lorenz Schwarz is president of Green River Capital (GRC), a real estate services firm specializing in real estate owned (REO) asset management, loss mitigation, single-family [Read More]


Mortgage application volume took a steep dive during the week ending Sept. 5, mainly due to the Labor Day weekend. Overall, application volume fell 7.2%, on an adjusted basis, [Read More]



Industry Resource

SWBC_id1313
Safeguard_id1322