Headlines and Blogs from Around the Web
In light of accusations brought by the New York Department of Financial Services (DFS) that Ocwen Loan Servicing backdated of an unknown number of letters to borrowers - allegedly in an effort to deny borrowers the opportunity to contest denials on loan modifications - Moody's Investors Service has downgraded the company's servicer ratings.
It was hard to miss the headlines last week about the 10-year Treasury yield dipping below 2% Wednesday, hitting its lowest level in over a year.
Mortgage rates dropped for the fifth straight week last week. Home loans are officially "on sale".
The number of U.S. homeowners who were seriously underwater in the third quarter declined 11 percent from the previous quarter, falling to the lowest level in more than two years, according to RealtyTrac's Q3 2014 Home Equity & Underwater Report released Thursday.
Tumbling mortgage rates recently prodded borrowers to jump through paperwork hoops to refinance, but didn’t lure prospective home buyers, according to data released Wednesday.
The steep decline in the number of marriages in the U.S. among the population aged 25 to 29 has been a key factor in the slow recovery of the housing market, according to a report from John Burns Real Estate Consulting (JBREC).
Frank E. Nothaft and Leonard Kiefer, Freddie Mac's chief and deputy chief economists have come up with a formula for lifting the economy from its continuing low-growth status to a trajectory of robust sustainable growth.
Three U.S. agencies signed off on relaxed mortgage-lending rules Wednesday, helping complete a long-stalled provision of the 2010 Dodd-Frank financial law.
Home equity conversion mortgage (HECM) endorsement volume dropped 20.6% in August, its lowest level since mid-2005, according to the latest data analysis from Reverse Market Insight (RMI).
In my first column in this two-part series I explained how the Department of Justice's (DOJ) non-prosecutorial effort against the banksters' frauds that caused the financial crisis had ended with a pathetic whimper uttered by Deputy Attorney General James Cole during his ritual exit interview with Bloomberg.
With current mortgage rates the lowest they've been since mid-last year, U.S. home sales are thriving.
Six federal agencies wrapped up final approval of a rule on Wednesday requiring banks to keep a stake in the mortgages they package and sell.
It has been hard for US homebuyers to get a mortgage lately, but there are signs that this might change. Eventually.
Mortgage lenders offer proof to the adage, “Rules are meant to be broken.”
The Mortgage News Ticker is a collection of news articles, magazine stories and blog posts from around the web. The opinion expressed are those of the news sources and do not reflect that of National Mortgage Professional Magazine, NationalMortgageProfessional.com, NMP Media Corp. or its affiliates.