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Updated: 36 min 41 sec ago
It now seems all but certain that 2014 will end without any further progress on comprehensive mortgage finance legislation.
But the coming months will offer little comfort for those who rooted for such a stalemate in hope of avoiding hard decisions about fundamental parts of the current system.
Prices for previously owned Manhattan condominiums rose to a record last month even as an increase in the supply of units eased competition among buyers.
Winter brought a surprise polar vortex that fed into a spring home-buying season that didn’t produce astounding results, but the remaining month of summer and rest of the year are projected to finally produce strong housing activity.
In the second quarter on average flippers bought properties for an 8% discount below their estimated market value and re-sold them at an average 6% premium above their estimated market value.
Home-price growth has slowed across the board, and Capital Economics says the slowdown is on track to meet the company's forecast for inflation to slow to 4% in 2015.
Moody's suggests that the scrutiny from the Securities and Exchange Commission and the New York Department of Financial Services "could restrict Ocwen's activities, levy monetary fines, or take additional actions that could negatively affect the company's financial strength and servicing stability."
By the end of the year the Federal Housing Finance Agency will have to have a new set of housing goals for Fannie Mae and Freddie Mac. As a result, the agency is looking ahead and planning its housing goals for 2015 through 2017.
Bank of America asked U.S. District Judge Jed Rakoff in Manhattan to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27 billion penalty.
Minority borrowers are not being squeezed out of housing. People with bad credit and without down payments or the ability to repay are being squeezed out. And you know what? They should be.
Look at those six key points again and tell which of them you could solve without expertise in the tech arena. As such, let’s look at the bare bones of digital solutions you’d need in place to tackle those six points.
The Washington Times on Wednesday published a well-reported, well-written, detailed account of the allegations of racial discrimination, retaliation, mismanagement and hostility at the Consumer Financial Protection Bureau.
While the housing recovery remains at a snail’s pace, it is still improving, with the markets that exhibit stronger local economies and favorable demographics on an even faster pace of improvement. And these 5 metros top the charts for most improved.
Title insurance premium volume declined 16.6% during the second quarter of 2014 when compared to the same period a year ago, according to American Land Title Association, a trade association for the industry.
Since HousingWire first broke the news of his resignation on Tuesday, former LandCastle Title CEO Nat Hardwick’s internet presence has slowly been disappearing, but a HousingWire investigation has revealed exactly what kind of lifestyle Hardwick led prior to the news of this week becoming public.
Fannie Mae is saying goodbye to its iconic, mansion-like headquarters, located at 3900 Wisconsin Ave. Instead, the company is opting to move into one single, leased office.
FICO scores will ignore debts that have been paid off or settled, and a lesser weight will be assigned to medical bill collections, which account for about half of all unpaid collections on consumers’ credit reports, according to a note from MGIC.
Eligible Florida borrowers have a little over two weeks to claim their share of the giant Ocwen Financial Services settlement, with just 10,244 filed claims out of 31,036 qualified Floridians.
The National Information Center has released consolidated financial statements for bank holding companies for the second quarter, according to a client note from Barclays, showing agency MBS holdings decreased by $4 billion for the top 50 banks by assets in their HTM and AFS portfolios.
July was able to pick up for the lag seen in the housing market in June as pending home sales return to positive increases, marking the fourth time the index has increased in the last five months.
It was an morning of unexpected surprises -- an upwardly revised GDP, and a Campbell's tomato soup shower.