Mortgage
MBA: Dodd Bill Needs More Explicit Risk Retention Exemptions for Mortgages
March 16, 2010 Posted by MBA
WASHINGTON, D.C. - March 16, 2010 - (RealEstateRama) — Robert E. Story, Jr., CMB, Chairman of the Mortgage Bankers Association, issued the following statement in reaction to proposed legislation to modernize regulation of the financial services industry.
Bank of America Reports 21,000 Permanent Home Affordable Modifications Completed
March 12, 2010 Posted by Bank of America
More Than 500,000 Other Modifications Have Been Completed Since January 2008. CALABASAS, CA - March 12, 2010 - (RealEstateRama) — Bank of America has completed nearly 21,000 mortgage modifications under the federal government’s Home Affordable Modification Program (HAMP), according to the bank’s latest monthly progress report to the Department of Treasury.
Mortgage Rates Drop Slightly in Freddie Mac Weekly Survey
March 11, 2010 Posted by Freddie Mac
McLean, VA - March 11, 2010 - (RealEstateRama) — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.95 percent with an average 0.7 point for the week ending March 11, 2010, down from last week when it averaged 4.97 percent. Last year at this time, the 30-year FRM averaged 5.03 percent.
MBA’s Courson Testifies on FHA Reform Act
March 11, 2010 Posted by MBA
WASHINGTON, D.C. - March 11, 2010 - (RealEstateRama) — John A. Courson, President and CEO of the Mortgage Bankers Association, testified today before the House Financial Services Subcommittee on Housing and Community Opportunity at a hearing on the FHA Reform Act of 2010.
MBA Report Shows Economic Fallout Continues to Impact Commercial Real Estate Markets/Delinquencies in 4th Quarter 2009
March 11, 2010 Posted by MBA
Washington, DC - March 11, 2010 - (RealEstateRama) — Delinquency rates continued to increase in the fourth quarter for most commercial/multifamily mortgage investor groups, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report
MBA Analysis Shows Commercial/Multifamily Mortgage Performance Remains Stronger Than Overall Bank/Thrift Loan
March 9, 2010 Posted by MBA
Today the Mortgage Bankers Association (MBA) released its most recent Commercial/Multifamily Research DataNote, which examines the performance of loans and leases held by banks and thrifts as of the fourth quarter of 2009. The results show that commercial and multifamily mortgages continue to have the lowest charge-off rates of any loan type at banks and thrifts and have 30+ day delinquency rates lower than the overall portfolio of loans and leases held by these institutions
RE-INSIDER UNCOVERS FREDDIE MAC SUPPORTING OFF-SHORING OF AMERICAN JOBS
March 8, 2010 Posted by Serena Ehrlich
Los Angeles, CA - March 8, 2010 - (RealEstateRama) — RE-INSIDER.com, the site dedicated to tracking abuses in the California real estate industry, has determined that new activities by tax-payer supported, Freddie Mac, are not aligned with President Obama’s current US jobs program as declared in his January 2010 State of the Union Address, to help keep the American worker employed
MBA and Others Express Grave Concerns About Regulations Proposed Under SAFE Act
March 8, 2010 Posted by RealEstateRama
March 8, 2010 - (RealEstateRama) — On Friday, March 5, 2010, the Mortgage Bankers Association (MBA), American Bankers Association (ABA), American Financial Services Association (AFSA) and 11 state and local mortgage lending groups filed a comprehensive comment letter to the U.S. Department of Housing and Urban Development (HUD) expressing serious concerns about several proposed regulations […]
NeighborWorks America Recognizes National Consumer Protection Week by Warning Homeowners Against Loan Modification Scams
March 8, 2010 Posted by NeighborWorks
Washingon, DC - March 8, 2010 - (RealEstateRama) — In conjunction with National Consumer Protection Week (NCPW), March 7-13, NeighborWorks America and its growing coalition of national government agencies, nonprofit organizations and financial institutions are empowering homeowners to combat loan modification scams. The effort is an extension of the organization’s national Loan Modification Scam Alert campaign, designed to help homeowners protect themselves against loan modification scams, find trusted help and report illegal activity to authorities. NeighborWorks America is an official partner of NCPW, a coordinated consumer education campaign that encourages individuals across the country to take full advantage of their consumer rights.
Low Rates Help Make Home Buying More Affordable
March 4, 2010 Posted by Freddie Mac
McLean, VA - March 4, 2010 - (RealEstateRama) — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.97 percent with an average 0.7 point for the week ending March 4, 2010, down from last week when it averaged 5.05 percent. Last year at this time, the 30-year FRM averaged 5.15 percent
