MBA: Delinquency Rate Takes A Q1 Drop
The delinquency rate for mortgages on one- to four-unit residential properties decreased to a seasonally adjusted rate of 7.4% of all loans outstanding as of  [read more]
Wed, 16 May 2012 13:53:07 -0400
Housing Starts Up In April
Privately owned housing starts in April were at a seasonally adjusted annual rate of 717,000. This is 2.6% above the revised March estimate of 699,000  [read more]
Wed, 16 May 2012 13:52:51 -0400
New Report: Write-Downs Unlikely To Impact RMBS Ratings
Principal reductions are unlikely to change long-term ratings for U.S. residential mortgage-backed securities (RMBS), according to a new report from Fitch Ratings that also determined  [read more]
Wed, 16 May 2012 13:52:37 -0400
Mortgage Builder Acquires GCC Servicing Systems
Mortgage Builder, a loan origination software provider, has announced its acquisition of GCC Servicing Systems, a loan servicing software provider. Both companies are based in  [read more]
Wed, 16 May 2012 13:50:43 -0400
Half Of Canada's Homeowners Buckling Under Mortgage Debt
Canadian homeowners are feeling the pinch of balancing mortgage responsibilities with saving for retirement, according to a new study released by Toronto-based BMO Financial Group.  [read more]
Wed, 16 May 2012 11:02:10 -0400
New Nonprofit Predicts Home Valuations Are Ready To Rise
The Demand Institute, a recently created New York-based nonprofit organization that defines itself as having a "mission to illuminate where consumer demand is headed around  [read more]
Wed, 16 May 2012 11:00:08 -0400
MBA: Mortgage Applications Up 9.2%
Mortgage applications increased 9.2% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the week ending  [read more]
Wed, 16 May 2012 10:53:42 -0400
Ellie Mae: 48.1% Of Residential Applications Closed In April
Nearly half of all residential loan applications closed in April, according to the latest Origination Insight Report issued by Pleasanton, Calif.-based Ellie Mae. Ellie Mae  [read more]
Wed, 16 May 2012 10:51:16 -0400
New Managing Director At Auction.com
Andrew Platt has joined Auction.com as managing director on the New York-based capital markets team. During his 12 years in the financial industry, Platt has  [read more]
Wed, 16 May 2012 10:41:34 -0400
Taking A Second Look At Today's Technology Risks
REQUIRED READING: Every organization takes risks, but sometimes there are hidden cracks below the foundation of a company that pose serious problems. During the recent  [read more]
Wed, 16 May 2012 09:04:00 -0400
Residential Fracking Puts Lenders In A Gassy Hole
Many homeowners are earning extra income by signing leases with natural gas companies to allow hydraulic fracturing combined with horizontal drilling on their properties. This  [read more]
Wed, 16 May 2012 00:00:00 -0400
Clopton Capital Expands Self-Storage Facility Lending
Chicago-based Clopton Capital has announced the expansion and addition of loan options for owners and operators of self-storage facilities nationwide. According to the company, it  [read more]
Wed, 16 May 2012 00:00:00 -0400
CampusMBA Teams With CFPB For Webinars
CampusMBA, the education division of the Mortgage Bankers Association (MBA), is partnering with the Consumer Financial Protection Bureau (CFPB) to offer a monthly webinar series  [read more]
Wed, 16 May 2012 00:00:00 -0400
SRS Real Estate Partners Expands Into Asia
SRS Real Estate Partners, a Dallas-based national real estate company exclusively dedicated to retail services, has launched SRS Asia, the company's first international office. The  [read more]
Wed, 16 May 2012 00:00:00 -0400
FHFA Jettisons Salary Cap For New Freddie Mac CEO
The Federal Housing Finance Agency (FHFA) has apparently ignored its previously announced plans to cap the pay for government-sponsored enterprise executive salaries at $500,000 by  [read more]
Tue, 15 May 2012 12:32:21 -0400