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The House approved a bill 427-0 that would revamp the Federal Housing Administrations condominium loan program and expedite the approval process for Rural Housing Service guaranteed loans.
February 3
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Freddie Mac has taken out another reinsurance policy that transfers risk of default on mortgages it insures.
February 3 -
Mortgage applications declined last week, despite having a favorable comparison to the previous week, which had only four business days, according to the Mortgage Bankers Association.
February 3 -
The delinquency rate on commercial mortgage-backed securities dropped sharply in January, thanks to the resolution of New York's Stuyvesant Town loan, according to Trepp.
February 2 -
Morgan Stanley will pay $63 million to settle a series of government lawsuits claiming the bank misrepresented securities it sold to banks that later failed.
February 2 -
ZipLogix, a maker of real estate software, has formed a partnership with Roostify.
February 2 -
Fannie Mae and Freddie Mac unveiled an appeals process Tuesday that will allow an independent arbitrator to resolve disputes between lenders and the government-sponsored enterprises over loan repurchase demands.
February 2
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Home prices rose in December in both yearly and monthly comparisons, according to CoreLogic.
February 2 -
Lenders argue that the GSEs would be better off buying more loans that are already insured, rather than transferring credit risk after holding them for a time. But Freddie Mac's Kevin Palmer says certainty of reimbursement is more important than the timing of risk transfers.
February 2
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The near future may find more banks ceasing to originate residential mortgages in an effort to stop the slide in stock prices.
February 2
