The Federal Housing Administration said Monday that it would lift premiums for lenders of single-family mortgages in line with a stipulation under the payroll tax cut extension last year. Acting FHA Commissioner Carol Galante said the agency would raise the annual mortgage insurance premium by 0.10 … [Read more...]
Fannie, Freddie See Progress for Economy in 2012
February 22, 2012 by
Despite the risk posed by more economic and political shock globally, the U.S. Read More: Fannie, Freddie See Progress for Economy in 2012 … [Read more...]
Mortgage Application Volume Fell 4.5%: MBA
February 22, 2012 by
Mortgage application volume contracted by 4.5 percent from the week before, according to the Mortgage Bankers Association. The Market Composite Index, a measure of volume for loan applications, fell 3.6 percent on a seasonally adjusted basis, according to the MBA’s weekly survey. Continue … [Read more...]
Existing-Home Sales Up in January as Prices Fall: NAR
February 22, 2012 by
Existing-home sales rose in January for the third time in the last four months, according to the National Association of Realtors. January sales – completed transactions – were up 4.3 percent from December to a seasonally adjusted annual rate of 4.57 million. December’s total … [Read more...]
Carwin Advisors Forecasts Recovery for Las Vegas, Phoenix
February 22, 2012 by
Revealing results from its predictive modeling survey of Las Vegas, Nevada, and Phoneix, Arizona, Carwin Advisors is forecasting the recovery timeline for both metropolitan areas. According to Carwin, Las Vegas will have a longer wait for housing market improvement, while Phoenix is expected to be … [Read more...]
FHFA Proposes Remaking Secondary Mortgage Market
February 21, 2012 by
The federal agency responsible for Fannie Mae and Freddie Mac released a proposal Tuesday that calls for lawmakers to gradually wean the GSEs off taxpayer funds and stand up a new secondary market, replete with new institutions, securitization measures, and servicing standards. The proposal outlines … [Read more...]
Connecticut to Get $190M from Servicer Settlement
February 21, 2012 by
Residents of Connecticut will receive $190 million from the historic $25-billion settlement with five servicers, according to the office of the state attorney general. Excerpt from: Connecticut to Get $190M from Servicer Settlement … [Read more...]
ISGN Launches New IT Services Division
February 20, 2012 by
Rolling out a new information technology services division, ISGN Corporation is expanding its services to companies in the mortgage industry. ISGN's recently launched IT Services Group will assist mortgage companies across the entire spectrum of the marketplace, providing comprehensive support for … [Read more...]