The Pulse

MBA reacts to FHA loan modification program
David G. Kittle, CMB, chairman of the Mortgage Bankers Association (MBA) has issued the following reaction to the release of guidelines and details for the Federal Housing Administration's (FHA) loan modification program under the Obama... Read more
HUD announces new Making Home Affordable guidelines
U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan has announced the Federal Housing Administration (FHA) has implemented changes to its loan modification program to ensure consistency with the Obama... Read more
On first anniversary of passage, campaign calls for funding of National Housing Trust Fund
On the one-year anniversary of the enactment of the National Housing Trust Fund, the National Housing Trust Fund campaign calls on Congress and the Administration to capitalize the fund so communities can begin building, rehabilitating and... Read more
The Appraisal Journal: Power lines do not affect property values
A property’s value is not affected when the home is located close to high-voltage transmission lines, or when those power lines are visible from the home, according to an article appearing in The Appraisal Journal’s summer issue. The... Read more
HOPE NOW reports: 25 percent surge in loan workouts during June
HOPE NOW, the private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, announced that in June, the mortgage lending industry helped 310,000 homeowners complete workout solutions to stay in... Read more
Purchase applications hold steady, refis fall in latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) has released its Weekly Mortgage Applications Survey for the week ending July 24, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 495.4, a decrease of 6.3 percent... Read more
LPS report shows signs of life in U.S. housing market
Lender Processing Services Inc. (LPS), a provider of integrated technology and services to the mortgage and real estate industries, has announced its release of the July 2009 LPS Mortgage Monitor, an in-depth report of mortgage industry... Read more
Administration, servicers commit to faster relief for struggling homeowners through loan mods
Senior Obama Administration officials met with top executives from servicers participating in the Making Home Affordable loan modification program to discuss ways to improve effectiveness and efficiency of the program. The meeting, led by... Read more
California home sales increase 20.1 percent in June
According to the latest reports from the California Association of Realtors (CAR), home sales increased 20.1 percent in June in California compared with the same period a year ago, while the median price of an existing home declined 26.4... Read more
HUD announces $2.25 billion in Recovery Act funds now at work
U.S. Housing and Urban Development Secretary Shaun Donovan today announced that HUD is approving the final round of plans submitted by state housing finance agencies totaling over a billion dollars to jumpstart affordable housing programs... Read more