Category — HousingWire News Feed
Nationstar deal to buy ResCap comes with AG settlement strings
Nationstar Mortgage Holdings agreed to assist Ally Financial in the robo-signing consent order and settlement if its bid to purchase Residential Capital goes through. But the agreement with state attorneys general is somewhat muddied.
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May 18, 2012 No Comments
Mortgage lenders maneuver to gain market share
Contrary to behavior by many larger financial institutions, small and midtier mortgage companies are expanding their origination lines to capture a bigger piece of the market.
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May 18, 2012 No Comments
FOMC eases position on QE3
If the recovery loses momentum, several members indicated that additional monetary policy accommodation could be necessary, a change from just a "couple members" at the Federal Open Market Committee's last meeting.
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May 18, 2012 No Comments
RealtyTrac: Foreclosure filings near 5-year low
Homes that received a foreclosure filing fell 14% in April from a year earlier as activity fell off significantly in California, Arizona and Nevada.
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May 18, 2012 No Comments
Gateway Mortgage buys MetLife branch and expands into Omaha
Gateway Mortgage Group expands to Omaha with new retail location. The new location was once part of the MetLife retail loan network.
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May 18, 2012 No Comments
Jobless claims hold steady, deflating fears of new economic woes
The four-week moving average for jobless claims hit 375,000 filings, a decline of 4,750 from the previous week's average of 379,750. Analysts are careful not to equate the lack of change to a positive turnaround in the market.
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May 18, 2012 No Comments
Mortgage rates hit all-time lows (again)
Fixed-rate mortgages hit new all-time lows for the third-straight week, with the 30-year FRM submerging below 3.80% following declining long-term Treasury bond yields.
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May 18, 2012 No Comments
Move Inc.: Politicians must adopt clear housing strategy
Move Inc. CEO sees market uncertainty as an impediment to a full housing recovery, but remains optimistic over price affordability levels.
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May 18, 2012 No Comments
Feds seek higher penalties in lieu of admission of guilt requirements
Federal regulators rejected the idea of requiring an "admission of guilt" in settlements with financial institutions, but the SEC instead asked for the flexibility to clawback higher penalties.
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May 18, 2012 No Comments
Rialto CMBS briskly resolving nonperforming commercial loans
A recently issued "next big thing" commercial mortgage-backed securitization gained a wave of attention earlier this year for its unique structure and is showing signs that it might be the start of the nation’s cleanup of bad commercial debt.
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May 18, 2012 No Comments
Architecture Billings Index down for April
The Architecture Billings Index fell into negative terrain after five months of positive readings. The West had the lowest reading at 48, the Northeast toped the list at 51, and the Midwest and South came in second and third with 50.1 and 49, respectively.
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May 18, 2012 No Comments
MGIC files suit against Freddie Mac
Mortgage Guaranty Insurance Corp., a subsidiary of MGIC Investment Corp., filed a lawsuit in Federal District Court in Milwaukee against Freddie Mac and its conservator Federal Housing Finance Agency.
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May 18, 2012 No Comments
Bay Area home sales take step toward normalization
The region had 7,675 new and resale home sales in the nine-county Bay Area last month, compared to 7,694 the previous month and 6,789 a year earlier. The median sales price also edged up 8.9% from $358,000 in March to $390,000 April.
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May 18, 2012 No Comments
Senate confirms two for Fed board
The Senate approved Jay Powell and Jeremy Stein to serve on the Federal Reserve Board of Governors, nearly five months after their nomination by President Barack Obama.
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May 18, 2012 No Comments
Fannie Mae: Housing activity cools after warm winter
Warm winter weather pulled housing activity forward, resulting in a disappointing spring, Fannie Mae said.
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May 18, 2012 No Comments
Fitch predicts housing bottom in 2013
High unemployment, a declining labor force, stagnant wages, and a large delinquent inventory across many parts of the country are slowing the recovery's momentum, according to the ratings agency.
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May 18, 2012 No Comments
More than $500B needed to meet Basel III rules, analysts say
Analysts at Fitch Ratings estimate the 29 global systemically important financial institutions, or G-SIFI, need to raise $566 billion in common equity in order to satisfy new Basel III capital rules.
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May 18, 2012 No Comments
RE/MAX: Home prices rise for third consecutive month
In the 53 metropolitan areas surveyed by RE/MAX, home prices inched up 3.2% from last month, and were up 5.9% from April 2011. Inventory also fell considerably over year-ago figures, indicating a potentially stronger market for home prices going forward.
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May 18, 2012 No Comments
Mortgage Builder buys GCC servicing systems
Origination software provider Mortgage Builder expands into the servicing space with the acquisition of GCC Servicing System.
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May 18, 2012 No Comments
Former Treasury exec who oversaw AIG restructuring wants practical GSE plan
Former AIG restructuring officer lays out a clear plan for the government-sponsored enterprises and pushes for a practical solution. See more in a HousingWire exclusive video.
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May 18, 2012 No Comments
House approves broader foreclosure protections for military
The U.S. House of Representatives voted 394-27 Friday to approve an amendment widening foreclosure protections for military servicemembers.
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May 18, 2012 No Comments
