Mortgages

Paramount Land Holdings, which is locally funded by the Detroit Police and Fire Pension Fund, purchased foreclosed properties for as little as $10.

One of the biggest concerns among many industry insiders is how and when the shadow inventory of pending foreclosed properties will be released into the market.

Single-family housing starts fell 4% in November after construction activity hit a four-year high in the previous two months.

JPMorgan Chase Tuesday said origination executive Kevin Watters would become its CEO of mortgage banking.

Hope Now alliance mortgage servicers, housing counselors and insurers provide assistance to over 300 families affected by Hurricane Sandy in Westbury, N.Y.

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HUD officials have agreed to impose a moratorium on an FHA-insured reserve mortgage product, increase downpayment requirements on jumbo loans to satisfy a Republican senator and reduce FHA’s risk profile.

The future performance of the Federal Housing Administration is yet another concern for 2013.

In December, builder confidence reached a level of 47, marking a two-point gain from the prior month’s reading.

The national credit default composite reached 1.64% in November, 18 basis points more than the low mark experienced in September.

Treasury 10-year yields touched the highest level in seven weeks amid speculation talks are progressing in Washington to resolve a budget showdown that threatens to send the economy into recession.

RAIT Financial Trust, a real estate investment trust which provides debt financing for commercial properties, has priced a public offering of 9 million shares of common stock at $5.75 per share.

Home sales in November increased nearly 16% over the same month in 2011, the second highest year-over-year increase in sales this year, according to the Re/Max National Housing Report.

More existing homeowners who have been paralyzed by falling house prices and job insecurity may finally be in the mood to move up and purchase a new home.

In his new job, Whalen will be executive vice president and managing director for Carrington Investment Services, LLC.

Risks to the CMBS forecast and commercial real estate financing include concerns about the tightness in the construction financing sector

Department of Housing and Urban Development officials are working with a key Republican senator on tightening Federal Housing Administration loan policies to reduce loan losses.

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The Consumer Financial Protection Bureau has until Jan. 21, 2013 to announce six prominent Dodd-Frank Act rule changes.

David Durning will take over as president of Prudential Mortgage Capital Co., replacing David Twardock, who is retiring next April.