Fed weighs in on principal reductions

Federal Reserve Chairman Ben Bernanke has said that the principal reduction of mortgages could greatly aid the recovery of the housing market, but only if the measure was correctly structured.
Federal Reserve Chairman Ben Bernanke has said that the principal reduction of mortgages could greatly aid the recovery of the housing market, but only if the measure was correctly structured. [More]


Interthinx uncovers key lending issues from 2011

Two significant issues with quality control programs used by mortgage lenders have been identified by Interthinx, and the company states that they could pose as major risks to the industry during 2012.
Two significant issues with quality control programs used by mortgage lenders have been identified by Interthinx, and the company states that they could pose as major risks to the industry during 2012. [More]


MBA: Substantial drops in mortgage purchases, refinances

Mortgage requests during the week ending January 20 dipped considerably from the week before, the Mortgage Bankers Association reports, with nearly an equal drop in refinancing and purchasing activity.
Mortgage requests during the week ending January 20 dipped considerably from the week before, the Mortgage Bankers Association reports, with nearly an equal drop in refinancing and purchasing activity. [More]


Small banks could see limited CFPB regulations

The Consumer Financial Protection Bureau has said that small banks may be exempt from a number of rules and regulations that the agency intends to implement soon for lending and financial institutions.
The Consumer Financial Protection Bureau has said that small banks may be exempt from a number of rules and regulations that the agency intends to implement soon for lending and financial institutions. [More]


Effects of mandatory down payments examined

A recent survey indicates that many potential borrower could be locked out of the housing market if there were to be a new lending regulation for federally-mandated down payment standards.
A recent survey indicates that many potential borrower could be locked out of the housing market if there were to be a new lending regulation for federally-mandated down payment standards. [More]


Lawmakers, industry experts call for principal reduction analysis

According to Fitch Ratings, principal reductions may be the most effective means to repairing the nation's mortgage industry, HousingWire reports.
According to Fitch Ratings, principal reductions may be the most effective means to repairing the nation's mortgage industry, HousingWire reports. [More]


Home loan rates change little, remain near historic lows

While the average rate for shorter-term mortgages rose modestly during the week ending January 19, the long-term mortgage rate average slid down to a new all-time low, Freddie Mac reports.
While the average rate for shorter-term mortgages rose modestly during the week ending January 19, the long-term mortgage rate average slid down to a new all-time low, Freddie Mac reports. [More]


Housing due to be key topic this election season

With the presidential election just months away, the nation's housing crisis is expected to be a major issue for candidates.
With the presidential election just months away, the nation's housing crisis is expected to be a major issue for candidates. [More]


Mortgage apps increased, led by surge in refis

The Mortgage Bankers Association indicated in a survey that mortgage application activity recently increased during the week ending January 13.
The Mortgage Bankers Association indicated in a survey that mortgage application activity recently increased during the week ending January 13. [More]


Delinquent mortgage payments cause spike in credit defaults

Mortgage records indicate that missed home loan payments could be a significant factor behind consumer credit defaults, Standard & Poor's reports.
Mortgage records indicate that missed home loan payments could be a significant factor behind consumer credit defaults, Standard & Poor's reports. [More]