Category Archives: Mortgage Industry

Federal Reserve chief has one recipe for housing market

Federal Reserve Chairman Ben Bernanke has a recipe for helping the housing market: Modify more loans and speed up foreclosures to get rid of a glut of distressed properties clogging the system. Still, even that approach may be slow going, with … Continue reading

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Housing Starts Increase, While Jobless Claims Slip

Unemployment benefit applications fell to a seasonally adjusted 414,000,the Labor Department said on Thursday. It was the second drop in three weeks and a positive sign that layoffs are slowing. Still, applications have been above 400,000 for 10 consecutive weeks, evidence … Continue reading

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This housing crisis is NOT the Great Depression

The subject line of one email HousingWire received Tuesday from the Toronto-based firm read: “US Housing Market Monthly – Worse than the Great Depression.” Coverage on CNBC, later aggregated by the Drudge Report, stated “the housing crisis that began in … Continue reading

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Courts may reshape mortgage industry

A New York appellate court ruled last week that a Reston-based company that electronically tracks and transfers millions of mortgages did not have the right to foreclosure on a property or assign a mortgage it doesn’t actually own. The decision … Continue reading

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Is it Possible to Take My Foreclosure “Off the Record”

I recently read a blog article about whether or not it is possible to get a foreclosure of one’s record. The blogger gave some great insight to this issue.  Foreclosures can be a tricky item to deal with. It truly depends on … Continue reading

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Housing Policy & Data: An Update

Rates for 30-year fixed-rate conventional mortgages dropped another basis point to 4.60% last week, continuing the record lows in 2011

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Foreclosure Settlement With Nation’s Largest Banks

State Attorney Generals are threatening the nation’s five largest banks with $17 billion in civil lawsuits if they won’t settle with the AGs over sloppy foreclosure practices. The banks are reportedly only offering $5 billion. If $17 billion seems high, … Continue reading

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