The Pulse

NMP's Market Barometer: June 2009 Part I
Provided exclusively to National Mortgage Profesisonal Magazine by David Beadle, president of BestInfo Inc., home of the BestRates cell, pager and e-mail rate alert service for mortgage industry subscribers. Send your inquiry to BestRates@... Read more
FDIC adopts final rule imposing a special assessment on insured depository institutions
The Board of Directors of the Federal Deposit Insurance Corporation has voted to levy a special assessment on insured institutions as part of the agency's efforts to rebuild the Deposit Insurance Fund (DIF) and help maintain public... Read more
NAHB reports: Multifamily builder confidence up from record lows
Recent hints of optimism in the housing industry appear to have spread to the multifamily sector, according to the latest results of Multifamily Rental Market Index (MRMI) and the Multifamily Condo Market Index (MCMI), released by the... Read more
Freddie Mac PMMS: Mortgage rates flat this week
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.82 percent with an average 0.7 point for the week ending May 21, down from last week when it... Read more
MILA Celebrates - Blah blah blah
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HUD Secretary Donovan announces intent to move forward on RESPA reform
U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan has announced his intention to implement the mortgage reforms under the Real Estate Settlement Procedures Act (RESPA) that are scheduled to take full effect on Jan. 1, 2010.... Read more
Mortgage applications increase in latest MBA Weekly Survey - Week ending May 15th
The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending May 15, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 915.9, an increase of 2.3 percent... Read more
FHFA Releases First Mortgage Metrics Report
The Federal Housing Finance Agency (FHFA) released its first Mortgage Metrics Report. The report presents key performance data on 30.4 million first lien residential mortgages with outstanding balances totaling $4.4 trillion serviced on... Read more