IndyMac Bank FSB, Pasadena, Calif., has announced a partnership with NeighborWorks America to sponsor the NeighborWorks Center for Foreclosure Solutions as part of an effort to implement a coordinated, nationwide foreclosure intervention strategy.The Center for Foreclosure Solutions focuses on outreach to homeowners in financial distress, with special attention to low- and moderate-income borrowers, by directing them to call 1-888-995-HOPE, a toll-free number where financial counselors are available around the clock. The program also includes online and face-to-face credit counseling. IndyMac can be found online at http://www.indymacbank.com, and NeighborWorks can be found at http://nw.org.
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Over one-third of the Wolters Kluwer survey participants believe the next Fed move will be to boost short-term rates, but most expect one cut next year.
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The National Association of Home Builders Remodeling Market Index for the second quarter posted a reading of 61, a one-point decline from the first quarter.
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The new Mortgage Bankers Association research adds to debate over whether Fannie Mae and Freddie Mac should allow a less costly alternative to the tri-merge.
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Wide regional variances appeared in housing-start activity in 2025, when the traditional leading builder markets all saw numbers decline by as much as 15%.
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The bill, which passed with wide bipartisan support, will become law at midnight if President Donald Trump doesn't veto it.
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Total application volume fell by over 13.000 units on a month-to-month basis, with declines in purchase and refinance activity, Keefe, Bruyette & Woods said.
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