Home / News (page 1640)

News

Home Price Index Declines Further in November

On a year-over-year basis, national home prices, including distressed sales, declined 5.7 percent in November 2009, according to the LoanPerformance Home Price Index (HPI) by First American CoreLogic. This was an improvement from October's year-over-year price decline of 7.6 percent. However, on a month-to-month basis, national home prices in November declined 0.2 percent from October 2009.

Read More »

USHUD.com Predicts Resurgence of FHA Foreclosures

The Federal Housing Administration's (FHA) share of the mortgage financing market has increased nearly 1,000 percent since 2006, and with that exponential leap in the size of its portfolio, defaults and foreclosures have also begun to mount. Real estate experts at the online foreclosure marketplace USHUD.com predict FHA will hold title to 49 percent of residential foreclosure properties by 2018.

Read More »

Florida’s Existing Home, Condo Sales Soar in December

According to the latest housing data released by Florida Realtors, both existing home and condo sales in the Sunshine State increased in December 2009. A jump in existing home and condo sales in December was reported in 17 of Florida's metropolitan statistical areas (MSAs), and a majority of the state's MSAs reported increased sales for 18 consecutive months.

Read More »

Mortgage Applications Drop as Refinancing Hits Slump

Consumer demand for home loans fell last week for the first time in a month, as low interest rates failed to entice borrowers to refinance their mortgages, according to data released by the Mortgage Bankers Association (MBA) Wednesday. According to the industry trade group's weekly study, applications for refinancing plummeted 15.1 percent, dragging overall volume down 10.9 percent.

Read More »

Arizona Real Estate Market Shows Signs of Recovery

The Arizona real estate market seems to be on the mend, according to recent data released by Fidelity National Title, a title insurance and escrow service company in Arizona, in partnership with The Cromford Report, an online statistical resource on the metropolitan Phoenix residential resale market.

Read More »

Regulators Issue Final Guidance on New Securities Accounting Rules

Federal banking regulators issued a final risk-based capital rule last week outlining how lenders are to account for assets, including mortgages that have been repackaged and sold to investors. Mortgage-backed securities (MBS) had previously been excluded from banks' balance sheets, but new industry-wide accounting standards force lenders to move these securitized assets back onto their books.

Read More »

National Auction Company Reports Success in Foreclosure Auctions

According to an announcement Tuesday by Irvine, California-based REDC, the company auctioned 654 properties in its four-day, seven-city live auction series January 21, 23, 24, and 25, producing $41.4 million in sales. ""We're very pleased with the results from the auctions,"" said Jeff Frieden, CEO of REDC.

Read More »

BofA Signs on as First Servicer of HAMP’s Second Lien Program

Bank of America announced Tuesday that it is the first mortgage servicer to sign an agreement formally committing to participate in the second-lien component of the Home Affordable Modification Program (HAMP). Bank of America, which services 3 million second liens, says it will modify eligible home equity loans and lines of credit regardless of whether the first lien is serviced by Bank of America or another participating servicer.

Read More »

Launch of NMLS Consumer Access Announced by State Regulators

The Nationwide Mortgage Licensing System & Registry (NMLS), a mortgage licensing system operated by state financial regulators recently announced the launch of NMLS Consumer Access This fully researchable Web site allows the general public to view information concerning state-licensed mortgage companies, branches, and individuals currently licensed through the NMLS.

Read More »

GET YOUR DAILY DOSE OF DS NEWS

Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.