The Pulse

Long-term rates ease further this week: Freddie Mac PMMS
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.87 percent with an average 0.7 point for the week ending Oct. 8, 2009, down from last week when it... Read more
NAHB urges Congress to act on homebuyer tax credit extension, credit and appraisal issues
The National Association of Home Builders (NAHB) has called on Congress to help housing take a lead role in putting America back to work by taking quick action to extend and enhance the $8,000 first-time home buyer tax credit, resolve... Read more
NAMB set to testify on Hill before House Subcommittee on Housing and Community Opportunity
On Thursday, Oct. 8, National Association of Mortgage Brokers (NAMB) Federal Housing Administration (FHA) Subcommittee Chairman John Councilman, CMC, CRMS will testify before the House of Representatives Subcommittee on Housing and... Read more
CMSA to testify before Senate panel on securitization issues
The Commercial Mortgage Securities Association (CMSA) will testify before the U.S. Senate Banking Committee where it will share its perspectives on issues facing the $3.5 billion commercial real estate finance market. The Senate hearing,... Read more
NFCC survey reveals emotional scars are a great concern of ID theft
Identity theft is often referred to as the fastest growing crime in America. It certainly is the crime that won’t go away, as for the past 8 years, ID theft has been the Federal Trade Commission’s (FTC's) top consumer fraud complaint. A... Read more
MBA: 30-year fixed-rates below five percent for third consecutive week
The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending Oct. 2, 2009. The Market Composite Index, a measure of mortgage loan application volume, increased 16.4 percent on a... Read more
NCLC study concludes seniors threatened in reverse mortgage market
Abuses and abusers from the sub-prime mortgage market have begun showing up in the reverse mortgage market, putting at risk the equity and savings of millions of seniors. That’s the main finding of “Sub-prime Revisited: How the Rise of the... Read more
NAHB supports extension of $8,000 first-time homebuyer tax credit
The National Association of Home Builders (NAHB) has commended the White House for recognizing the success of the $8,000 first-time homebuyer tax credit and said that extending the program past its Dec. 1 expiration date will help to... Read more
HUD to host Foreclosure Summit in New York
The U.S. Office of Thrift Supervision (OTS), in partnership with the U.S .Department of Housing & Urban Development (HUD), NeighborWorks America, and the Center for New York City Neighborhoods, is hosting a summit on foreclosure... Read more
Ocwen hosts loss mitigation forum
Mortgage servicer Ocwen Financial Corporation convened more than 30 representatives of grassroots and national housing advocacy organizations to share success stories, new ideas and insights related to preventing foreclosures and helping... Read more