- FICO: Americans More Likely to Default on Mortgages than Credit Cards 10 Mar 2010, 2:26 pm
American consumers are now defaulting on their mortgages in even greater numbers than they are walking away from credit card debt. According to FICO’s® Score Trends Service, this is a phenomenon that. […]
- Loan Demand Stagnates. Only One Bright Spot in the Production Slowdown 10 Mar 2010, 12:09 pm
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 5, 2010. The survey covers over 50 percent of all US residential mortgage loan a. […]
- The Day Ahead: Inventories, Budget Statement, Treasury Auction 10 Mar 2010, 8:22 am
Investors this morning await the first real data to be released this week. But wholesale trade inventories isn’t a major market mover, nor is the afternoon’s budget statement, so it could be a qui. […]
- Commercial and Multifamily Mortgages Outperforming Overall Bank Holdings 9 Mar 2010, 3:45 pm
Commercial and multifamily mortgages continue to have the lowest rates of charge-offs of any loan types at banks and thrifts and perform better than the overall loan portfolios at those institutions a. […]
- HUD Enforcing Job Creation Requirements for State and Local Governments 9 Mar 2010, 3:37 pm
The Department of Housing and Urban Development (HUD) has released the results of the first stage of its increased oversight and enforcement of job creation requirements under Section 3 of the Housing. […]
- The Day Ahead: Stocks Dip on Sovereign Debt Fears Abroad. Treasuries Get Flight to Quality 9 Mar 2010, 8:08 am
Equity futures are firmly lower this morning following a mixed session yesterday. The Dow looks to open 31 points lower at 10,507 while futures on the S&P 500 are off 4.25 points to 1,132.75. “The m. […]
- MBA: Servicing Specialists Should Not be Required to Obtain SAFE Act Licensing 8 Mar 2010, 3:35 pm
The Mortgage Bankers Association (MBA), American Bankers Association (ABA), and the American Financial Services Association (AFSA) joined with 11 state and local mortgage lending groups on Friday to s. […]
- GSEs: Long Term Rates Again Below 5 Percent 8 Mar 2010, 3:11 pm
Mortgage rates reversed course yet again during the week ended March 4 with the 30-year fixed-rate mortgage (FRM) once more falling below 5 percent. According to Freddie Mac’s Primary Mortgage Market. […]
- The Week Ahead: Treasury Auctions Highlight Slow Econ Calendar Until Friday 8 Mar 2010, 8:20 am
Equity futures are moderately higher ahead of a fairly light week of economic data. Dow futures are trading 18 points higher at 10,563 and S&P 500 futures are up a 2 points to 1,138. Commodities are a. […]
- FHA Extends Deadline to Submit Audited Financials. Elimination of Correspondent/Broker Approval Still Pending 5 Mar 2010, 10:06 am
Via email, I recieved the following guidance from the FHA this morning: Subject: Guidance for Currently FHA-Approved Loan Correspondents Regarding Renewal of FHA Lender Approval for 2010 As proposed i. […]
