Castro: It's 'Too Hard' For Most Americans To Get A Mortgage

Many borrowers, Castro said during the Bipartisan Policy Center 2014 Housing Summit, "are ready to own, but are being left out in the cold," mainly because mortgage lenders have tightened their credit policies.

Virginia Sues 13 Banks For $1.15B Over Faulty RMBS

Virginia is suing 13 banks, including Citigroup, Bank of America and Goldman Sachs, for $1.15 billion over claims the institutions misled the state's retirement system about the sale of faulty RMBS.

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.



Citing government data showing that business owners invested more into their businesses during the second quarter, Fannie Mae says it is sticking with its previous forecast of 3% economic [Read More]

Existing-home sales were running at a seasonally adjusted annual rate of 5.05 million in August, down 1.8% compared to a downwardly revised 5.14 million in July, according to the [Read More]


From The Orb

PERSON OF THE WEEK: R. Hillary Willett, Esq., is the director of publications and services for USFN, America's Mortgage Banking Attorneys, where she is responsible for overseeing and managing [Read More]




BLOG VIEW: Yes, the overall REO market has improved - but no, we are not in the clear yet. According to RealtyTrac's Residential and Foreclosure Sales Report, distressed sales [Read More]


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]



Industry Resource

Safeguard_id1322
SWBC_id1313
FedHomeLoan_id1341