CFPB vs. PHH: Two-Year Battle Coming to a Head
The highly anticipated hearing for the Consumer Financial Protection Bureau (CFPB) and PHH Corporation took place Wednesday in front of the Court of Appeals for the District of Columbia Circuit. The [...]
Foreclosures Hit 10-Year Low, Despite April Uptick
The total national loan delinquency rate (loans 30 or more days past due, but not in foreclosure), spiked 13 percent from in April from March putting a little over 2 [...]
FHFA: Four Regulatory Focuses for 2017
The Director of the Federal Housing Finance Agency (FHFA), spoke about the FHFA and the FHLBanks at the 2017 Federal Home Loan Bank Directors’ Conference Tuesday. Mel Watt began with [...]
Freddie Funds $28B in Mortgages
According to its latest summary report, Freddie Mac’s mortgage portfolio has increased 0.5 percent over the year. In April, the government-sponsored enterprise completed more than $28 billion in mortgage purchases [...]
Homebuilders Report Loosening Credit Standards
Builders and developers have reported that credit conditions for acquisition, development, and single-family construction (AD&C) have been easing in the past few months. Eased lending standards are linked with growth [...]
Fidelity National Financial Stock Rises after Acquisition of Hudson & Marshall
News spread quickly through the mortgage industry on Monday that long-standing auction house Hudson & Marshall (H&M) is being acquired by Fidelity National Financial (FNF). While industry reactions poured in, [...]
Who’s to Blame for the Housing Shortage?
The most pressing problem facing the housing industry today is the tight inventory and millennials may be partly to blame. As many young potential buyers move into cities and away [...]
Analyzing Down Payment Assistance Programs for Military and Veterans
With thousands of down payment assistance programs out there, what assistance is being given out to veterans? A recent report highlights the most important of these programs available to military [...]
Investors Filling Low Distressed Inventory Gap with New Homes
With inventory dropping, including the distressed sale inventory, investors are moving to built-for-rent sales. A recent report noted that more and more investors are building rental homes themselves to make [...]