Just before Christmas, President Barack Obama signed into law H.B. 5771, known as the Tax Increase Prevention Act of 2014, which retroactively extended 55 tax provisions – including one that provides distressed homeowners relief on forgiven mortgage debt. The bill ...
Read More »Year In Review: Government News
As the new year rolls in, DS News is taking a look back at some of the biggest government headlines and stories of 2014.
Read More »Consumer Confidence Rebounds Following November Downturn
The Conference Board's Consumer Confidence Index increased to 92.6 in December from its November reading of 91.0, according to the latest monthly Consumer Confidence Survey released Tuesday.
Read More »Foreclosures Falling, But Delinquency Rate Climbing
The nation's foreclosure inventory fell to its lowest level in almost seven years in November, but the percentage of delinquent mortgage loans is on the rise, according to Black Knight Financial Services' November 2014 "First Look" at Mortgage Data.
Read More »Year In Review: Secondary Market News
As the new year rolls in, DS News is taking a look back at some of the biggest secondary market headlines and stories of 2014.
Read More »Year In Review: Foreclosure News
As the new year rolls in, DS News is taking a look back at some of the biggest foreclosure headlines and stories of 2014.
Read More »Year In Review: Market Studies News
As the new year rolls in, DS News is taking a look back at some of the biggest market studies headlines and stories of 2014.
Read More »Mortgage Default Risk Index Hits Highest Level in Two Years
November's mortgage default risk index was reported at 11.69 percent, its highest level in two years, according to a briefing released by the American Enterprise Institute's International Center on Housing Risk. The November default risk index crept upward by 0.4 percentage points from October, when it was reported at 11.29 percent.
Read More »FHFA Approves Merger Application for Federal Home Loan Banks of Des Moines, Seattle
The Federal Housing Finance Agency (FHFA) has approved the merger application for the Federal Home Loan Banks of Des Moines and Seattle that was submitted on October 31, 2014, according to a press release. The historic voluntary merger between two FHLBanks is subject to satisfaction of specific closing conditions the FHFA approval letter set forth, including the receipt of approvals by members of both the Des Moines and Seattle Banks.
Read More »FHFA Vows to Protect First-Lien Status of GSE-Backed Mortgages
The Federal Housing Finance Agency (FHFA) has released a statement warning organizations that label mortgage loans with "super-priority lien" status that such loans will not push loans backed by Fannie Mae and Freddie Mac into the secondary position. The warning was aimed mainly at energy retrofit financing programs and homeowners associations that attach super-priority lien status to mortgages because of the risk they pose to taxpayers while Fannie Mae and Freddie Mac are under conservatorship.
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