Featured Articles

FDIC Q1 of 2009 State Profiles now available
The First Quarter 2009 FDIC State Profiles are now available online. The FDIC State Profiles are formatted as a quarterly data sheet summation of economic and banking conditions for all fifty states, Puerto Rico, and the Virgin Islands.... Read more
Appraisal Institute at United Nations: Worldwide valuation standards needed
Addressing the need for transparency and accountability in the worldwide valuation profession, the president of the nation’s largest appraisal organization, the Appraisal Institute, called for uniform valuation standards to advance... Read more
HUD approves tax credit loans for FHA mortgages
The U.S. Department of Housing and Urban Development (HUD) has issued guidance allowing Federal Housing Administration (FHA)-approved lenders to provide loans to borrowers eligible for the $8,000 first-time homebuyer tax credit. Mortgagee... Read more
MBA reports 2008 commercial/multifamily originations down 65 percent to $181 billion
The commercial/multifamily mortgage origination volumes decreased 65 percent in 2008, with mortgage bankers closing $181.4 billion in commercial and multifamily loans; according to the Mortgage Bankers Association's 2008 Commercial Real... Read more
Freddie Mac PMMS: Rates climb in response to rise in bond yields
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.29 percent with an average 0.7 point for the week ending June 4, 2009, up from last week when it... Read more
NAHB: Bolstering GSEs key to the future of the nation's housing finance system
In contemplating the future status of housing government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, the National Association of Home Builders (NAHB) has told Congress it is critical for the federal government to provide a... Read more
MBA's Berman testifies on present and future of GSEs
Michael D. Berman, CMB, vice chairman of the Mortgage Bankers Association (MBA), has testified before the House Financial Services Subcommittee on Capital Markets, Insurance and the Government Sponsored Entities at a hearing titled, "The... Read more
CSBS reports to Congress: States on track to meet SAFE deadline
The Conference of State Bank Supervisors has released the first annual report of the Nationwide Mortgage Licensing System to the U.S. Department of Housing and Urban Development (HUD) and Congress to provide information on the System’s... Read more
Freddie Mac PMMS: Bond yields push mortgage rates higher 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 4.91 percent with an average 0.7 point for the week ending May 28, 2009, up from last week when it... Read more
Refinance activity falls, purchase applications steady in latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending May 22, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 786.0, a decrease of 14.2 percent... Read more