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By most estimates, mortgage rates were expected to climb this year, with rates on the 30-year fixed-rate mortgage predicted to exceed 5%. Instead, rates are now lower than they were this time in 2013 — much to the advantage of mortgage shoppers.
This week’s announcement of a federal government settlement with another major mortgage lender is reviving buzz about the mortgage messes that contributed to the economic meltdown, and might be something you’ll want to use a springboard to consumer stories about the home loan market.
JPMorgan Chase & Co, the second-largest U.S. mortgage lender, is backing away from making home loans to less creditworthy borrowers after losing faith in its ability to recover much money from foreclosing on homes, even with government guarantees.
Homebuyers held off purchasing homes in June due to rising home prices, Credit Suisse reported in their monthly traffic survey of real estate agents.
The Consumer Financial Protection Bureau (CFPB) clarified its rules regarding lending to same sex, married couples.
U.S. Associate Attorney General Tony West said on Monday that the American public can expect to hear more from the Justice Department's residential mortgage-backed securities working group in the "very near future."
While the magnitude isn't clear, that the growth of renter households has risen far above average in recent years is.
Mortgage-bond buyers, facing a supply shortage as their market shrinks and trading slows, get a chance tomorrow to bid for securities at the largest auction of its type since at least 2010.
Ahead of its second quarter earnings release, Citigroup announced that it would pay $7 billion to settle the U.S. government’s accusations that it misled investors about the quality of mortgage securities it sold in the run-up to the financial crisis.
Postal Savings Bank of China Co. is planning what would be the country’s first sale of mortgage-backed securities since 2007 as the government accelerates development of the securitization market.
The Federal Reserve Bank of New York released Monday the findings of its June 2014 Survey of Consumer Expectations (SCE), revealing a slight uptick in economic hopes among Americans as housing expectations remained flat.
The Federal Reserve is set to end its economic stimulus program in October, bringing to an end the controversial five-year-old scheme even as officials said there were signs that the US economy was still in trouble.
Citigroup officially announced a $7 billion dollar settlement with the U.S. Department of Justice, several state attorneys general, and the Federal Deposit Insurance Corporation to settle residential mortgage-backed securities and collateralized debt obligations after industry whispers that the bank was nearing a resolution
When the U.S. Consumer Financial Protection Bureau opened in 2011, the best available government office space large enough to accommodate its thousand-plus employees was a run-down concrete building on G Street near the White House that once housed the now-defunct Office of Thrift Supervision.
Commercial lending at local banks took the lead over personal lending in the first quarter when compared with the same period last year, with business loans at nine locally based banks growing 11 percent while individual loans decreased by the same amount.
MND's fourth part of its summary of the Harvard Joint Center on Housing Studies' State of the Nation's Housing published yesterday looked at the impact the Millennial Generation, those young adults born between the early 1980s and early 2000s are having on the housing market.
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.