• Ocwen2.71+0.04 +1.50%
  • Zillow42.87-0.36 -0.83%
  • Trulia47+0 +0%
  • NationStar17.37-0.19 -1.08%
  • CoreLogic41.81+0.10 +0.24%
  • RE/MAX55.25-0.40 -0.72%
  • Fannie Mae2.81+0.08 +2.93%
  • Freddie Mac2.675+0.055 +2.099%
  • Wells Fargo53.02-0.72 -1.34%
  • CitiMortgage61.07+0.37 +0.61%
  • Bank of America24.00-0.07 -0.29%
  • Lennar50.39-0.60 -1.18%
  • Fidelity National Financial40.39-0.08 -0.20%
  • D.R. Horton33.07-0.18 -0.54%
  • PulteGroup22.75-0.27 -1.17%
  • First American41.66-0.40 -0.95%
  • BKFS39.10+0.20 +0.51%
  • AUDUSD=X0.7384+0.0006 +0.0745%
  • USDJPY=X113.2800-0.5410 -0.4753%
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Home >> News (page 953)

Freddie Mac Releases 2012 Economic Outlook

Freddie Mac Releases 2012 Economic Outlook

Mortgage giant Freddie Mac revealed its December outlook Wednesday, forecasting that U.S. economic growth would likely climb to 2.5 percent over 2012 and that mortgage rates would stay at record lows. The GSE also pitched ideas that housing activity will scale upward but fail to reach ├â┬ó├óÔÇÜ┬¼├àÔÇ£robust├â┬ó├óÔÇÜ┬¼├é┬Ø levels seen in years prior. The company said that mortgage rates would stay low, with 4 percent for the 30-year fixed-rate mortgage leading the way recently.

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AllianceBernstein Releases White Paper on Housing Finance

AllianceBernstein Releases White Paper on Housing Finance

The relationship between housing finance and the government has been a hotly debated topic from Wall Street to Main Street since the mortgage crisis began, and the recently released white paper from AllianceBernstein provides a critical look at the role of private capital in reducing the housing market's dependence on Capitol Hill.

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California Leads U.S. in Mortgage Fraud: Study

California Leads U.S. in Mortgage Fraud: Study

California tops a list of states for mortgage fraud activity, as the state├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós courts pursue more cases against alleged frausters, MortgageDaily.com found in an index it released Wednesday. The Web site documented activity in FraudBlogger.com, a mortgage fraud blog. While California claimed the top spot, New York and Florida also found themselves perched considerably high on the index, followed shortly by South Carolina and Minnesota. New York ranked second by dollar volume in mortgage fraud at $199,600,000.

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FOMC Keeps Interest Rates at 0%

FOMC Keeps Interest Rates at 0%

Acknowledging improvements in the larger economy, the Federal Open Market Committee said Tuesday that it would keep a heel on zero interest rates and continue shepherding funds from mortgage-backed securities into agency mortgage-backed securities. The rate for federal funds remains between zero interest and .25 percent since December, and follows an earlier decision by the Fed to buy up $400 billion in Treasuries to ensure lower borrowing costs.

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Mortgage Applications Top Off at 4.1%: MBA

Mortgage Applications Top Off at 4.1%: MBA

Mortgage application volume leapt to 4.1 percent from the week before on the strength of a boom in refinance applications, according to the Mortgage Bankers Association. The trade group released its data in a Weekly Mortgage Applications Survey for the week. The MBA├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós Market Composite Index noted a 4.2-percent increase on a seasonally unadjusted basis from the week before, with 9.3 percent for the Refinance Index and 8.2 percent in declines for the seasonally adjusted Purchase Index.

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FHFA IG Addresses Senate Banking Committee

FHFA IG Addresses Senate Banking Committee

Speaking before the Senate Banking Committee Tuesday, the inspector-general of the Federal Housing Finance Agency portrayed the agency as one beset by failures to adequately monitor and validate controls for executive compensation, examinations, and more. IG Steve Linick referenced a recent report from his office that found the FHFA needs to improve by taking measures to independently validate executive compensation packages. Compensation approval methods proved controversial last month.

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Senate Committee Approves FHA, Fed Nominees

Senate Committee Approves FHA, Fed Nominees

Members of the Senate Banking Committee voted Tuesday to send nominees for top posts at the Federal Housing Administration and Federal Reserve Board to the full Senate floor. Lawmakers approved FHA Acting Commissioner and former BRIDGE Housing CEO Carole Galante 13 to 9 on a largely party-line vote, with only Sen. Bob Corker (R-Tennessee) breaking ranks with GOP faithful to cast in favor of the nominee. Thomas Hoenig meanwhile moved to the Senate floor on a unanimous vote.

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FHLB Recognizes West Coast Bank With Community Award

FHLB Recognizes West Coast Bank With Community Award

In Seattle, Washington, one lender has cause for celebration as we head into the new year. West Coast Bank has been named as the recipient of the 2011 Community Spirit Award, which is given annually by the Federal Home Loan Bank of Seattle. The special honor is extended yearly to a financial institution that is recognized as exemplifying the spirit of community partnership in creating affordable housing and economic development opportunities in its immediate region.

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Commercial Sector Forecasts Show Uptick in 2012

Commercial Sector Forecasts Show Uptick in 2012

The commercial real estate market in the U.S. appears set for an uptick in 2012, but don't expect a headline-making rise. According to recent research from Jones Lang LaSalle, economic indicators are pointing to a modest improvement in the commercial segment, and data from the company also reveals that rumors of a double dip in the sector during the coming year were premature. Numbers from the survey call for an increase in total transaction volume of 15 to 20 percent.

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NAHB Criticizes Mortgage-Fee Raise in Payroll Tax

NAHB Criticizes Mortgage-Fee Raise in Payroll Tax

At least one key trade group opposes plans by some lawmakers to introduce a raise for mortgage fees in a payroll tax extension. Congress is essentially proposing to raise taxes on millions of potential home buyers in order to pay for a payroll tax cut and other non-housing legislative initiatives, NAHB chairman Bob Nielsen said in a statement. Lawmakers are busy cobbling together a payroll tax plan this week that would extend current rates for employees and their employers.

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