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The White House announced Wednesday that the Federal Housing Administration will reduce mortgage insurance premiums by half a percentage point down to 0.85 percent in an effort to boost U.S. homeownership. FHA raised premiums in response to its declining mortgage insurance fund, ...

The new year brought with it a new mortgage servicing rights opportunity for interested buyers: a substantial GSE portfolio valued at 4.2 billion dollars in aggregate unpaid principal balance. According to MountainView Servicing Group, which is acting as facilitator for the ...

The U.S. Supreme Court is scheduled to begin hearing arguments on January 21 on whether or not "disparate impact" claims are allowed under the Fair Housing Act of 1968 in the case of the Texas Department of Housing and Community Affairs v. the Inclusive ...

Fannie Mae's gross mortgage portfolio took a huge downward turn in November, while the mortgage giant's Book of Business inched upward, according to Fannie Mae's November 2014 Monthly Summary. The balance of the gross mortgage portfolio dropped from $4.36 billion in ...

The Federal Housing Finance Agency 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 FHL Banks is subject to satisfaction of specific ...

Both foreclosure completions and foreclosure starts on Fannie Mae and Freddie Mac loans continued their steady decline in the third quarter, according to the Federal Housing Finance Agency's Q3 Foreclosure Prevention Report released earlier this week. The GSEs completed 39,000 foreclosures in Q3, down 9 percent ...

Fannie Mae and Freddie Mac have completed approximately 3.3 million foreclosure prevention actions since the start of the conservatorship in September 2008, according to the Federal Housing Finance Agency's Q3 Foreclosure Prevention Report released Monday. About 2.8 million of those 3.3 million foreclosure prevention actions ...

The OCC Mortgage Metrics Report for the Third Quarter of 2014, released Friday by the Office of the Comptroller of the Currency, showed improvement in the performance of first-lien mortgages serviced by seven national banks and one federal savings association. The ...

U.S. Department of Housing and Urban Development Secretary Julián Castro said the Department will continue to focus on its top priorities in 2015 with the 45 billion dollar budget allotted as part of the Consolidated and Further Continuing Appropriations Act of 2015, ...

The U.S. Senate passed a bill on Tuesday night that retroactively extends 55 tax provisions, among which are allowing deductions for mortgage insurance premium interest and tax relief on forgiven mortgage debt. The tax provisions covered by the bill, known as the ...