Is the FHFA's conservatorship of Fannie Mae and Freddie Mac weighing down homeownership?
Read More »DS News Webcast: Friday 11/20/2015
U.S. Senators Bob Corker and Mark Warner have introduced a bipartisan amendment to H.R. 2577, the Transportation, Housing and Urban Development, and Related Agencies Appropriations Act in an effort to spur substantive and structural housing finance reform. The amendment, known ...
Read More »Shrinking REO Inventory Drives Down Cash Sales Share
At their peak in January 2011, cash sales accounted for nearly half of all residential home sales in the United States (46.5 percent). Since then, that percentage has steadily declined; in August 2015, it was reported at 31.7 percent, less than one-third of all home sales—a decline of more than 3 percentage points from August 2014, when it was 34.9 percent.
Read More »DS News Webcast: Thursday 11/19/2015
The state of Ohio is taking steps to remedy the vacant and abandoned property crisis, and the rest of the country may follow suit. A bill that would reduce foreclosure timelines and therefore shorten the amount of time that residential ...
Read More »DS News Webcast: Wednesday 11/18/2015
Federal Reserve Chairman Janet Yellen on Tuesday wrote a letter to newly-appointed Speaker of the House Paul Ryan and House Democratic leader Nancy Pelosi urging Congress to reject a proposed bill that would increase transparency for the Fed. H.R. 3189, ...
Read More »DS News Webcast: Tuesday 11/17/2015
The Federal Housing Administration’s Mutual Mortgage Insurance Fund gained $19 billion in economic value during Fiscal Year 2015, pushing its capital ratio past the 2 percent threshold required by Congress, according to HUD’s annual report to Congress released Monday morning. ...
Read More »DS News Webcast: Monday 11/16/2015
On the day before it was set to go public, loanDepot Inc., announced it would delay its initial public offering amid volatile market conditions. According to a statement filed with the Securities and Exchange Commission on Tuesday, the lender was ...
Read More »Democratic Lawmakers Warn of Risks Posed by Repeal of Dodd-Frank Provision
The investigation conducted by the two lawmakers found that repealing Section 716 of Dodd-Frank allows banks to keep nearly $10 trillion in swaps trades on the books that would be “pushed out” to entities that are not insured with taxpayer funds, if not for the Dodd-Frank rollback. Section 716 was intended to prevent taxpayer bailouts of federally-insured banks with risky swap holdings.
Read More »Fannie Mae, Freddie Mac Continue Aggressive Campaign to Sell Non-Performing Loans
Fannie Mae announced the winners in its third NPL sale on Tuesday, and on Monday Freddie Mac announced its eighth NPL transaction of 2015. Both transactions total approximately $1.2 billion in unpaid principal balance (UPB).
Read More »Mortgages Still High on CFPB’s Complaint List
On a positive note, the CFPB reported that overall complaints declined 9 percent month-over-month, while mortgage complaints fell 7 percent from the prior month.
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