The Pulse

Mortgagebot releases results of its Benchmarks 2009 report
One of the highlights of the 2009 Mortgagebot Client Conference is the unveiling of Mortgagebot’s new Benchmarks 2009 report. This bi-annual report is a comprehensive survey and analysis of the online lending trends, practices, and... Read more
NAHB: FHA issues condo project approval guidance
New regulatory guidance designed to streamline the Federal Housing Administration’s (FHA) approval process for condominiums nationwide is expected to have an immediate impact in the state of Michigan, where single-family projects are... Read more
MBA supports proposal for $15,000 tax credit for all homebuyers
David G. Kittle, CMB, chairman of the Mortgage Bankers Association issued the following statement today in support of S. 1230, The Homebuyer Tax Credit Act of 2009: "Stimulating the housing market is one of the best ways Congress can help... Read more
NAHB statement: The Green Act is the right approach for affordable, sustainable homes
In testimony before Congress, the National Association of Home Builders (NAHB) praised HR 2336, the Green Act of 2009, which sets new green building and sustainability benchmarks for properties that get financial assistance from the U.S.... Read more
Bond yields push mortgage rates to highest level in seven months
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.59 percent with an average 0.7 point for the week ending June 11, 2009, up from last week when it... Read more
HUD suspends three lenders from FHA
The United States Department of Housing and Urban Development's (HUD's) Mortgagee Review Board has suspended three lenders based on evidence of serious violations under HUD's regulations. Lenders subject to suspension are prohibited from... Read more
Purchase applications remain steady, refinance applications continue to fall in latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending June 5, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 611.0, a decrease of 7.2 percent... Read more
HUD and acting Surgeon General unveil national strategy to produce healthy homes
There must be a coordinated national effort to produce healthier housing. That was the central message from U.S. Housing and Urban Development Deputy Secretary Ron Sims and Acting Surgeon General Steven K. Galson as they issued a national... Read more
IAS360 reports decline in U.S. home prices levels off in April
Integrated Asset Services LLC (IAS), a default management and residential collateral valuation company, has released its latest IAS360 House Price Index. The benchmark for national house prices, based upon the timeliest and most granular... Read more
NAMB selects Home Loan Advocates as its home loan modification specialist
The National Association of Mortgage Brokers (NAMB) has signed a contract with Home Loan Advocates to act as its endorsed service provider for consumer home loan modification. After researching more than 20 nationally recognized loan... Read more