More foreclosures for failed HAMP participants

Recent real estate records from the Treasury Department indicate that mortgage servicers put a greater number of borrowers who entered the Home Affordable Modification Program into foreclosure during 2011 than they did in 2010.
Recent real estate records from the Treasury Department indicate that mortgage servicers put a greater number of borrowers who entered the Home Affordable Modification Program into foreclosure during 2011 than they did in 2010. [More]


Freddie Mac: Lowest mortgage rates recorded again

The new year has started off with a new record, as Freddie Mac reports the average rates for short- and long-term mortgage rates hit new all-time lows during the second reported period of 2012.
The new year has started off with a new record, as Freddie Mac reports the average rates for short- and long-term mortgage rates hit new all-time lows during the second reported period of 2012. [More]


CFPB set to begin oversight of nonbank lenders

With the appointment of Richard Cordray as director of the Consumer Finance Protection Bureau, the agency will now begin its review process of nonbank lenders.
With the appointment of Richard Cordray as director of the Consumer Finance Protection Bureau, the agency will now begin its review process of nonbank lenders. [More]


Fed plans continued housing market recovery efforts

Federal Reserve Chairman Ben Bernanke stated recently he will continue his strategy to revive the housing market, despite Fed real estate initiatives creating only marginal success during recent years, Bloomberg reports.
Federal Reserve Chairman Ben Bernanke stated recently he will continue his strategy to revive the housing market, despite Fed real estate initiatives creating only marginal success during recent years, Bloomberg reports. [More]


Mortgage applications record spike in activity

The Mortgage Bakers Association's most recent Weekly Mortgage Applications Survey indicated that mortgage activity increased during the week ending January 6.
The Mortgage Bakers Association's most recent Weekly Mortgage Applications Survey indicated that mortgage activity increased during the week ending January 6. [More]


Fannie CEO announces departure

Fannie Mae chief executive officer Michael Williams has announced he will resign from the position pending the approval of a successor.
Fannie Mae chief executive officer Michael Williams has announced he will resign from the position pending the approval of a successor. [More]


HAMP helping millions of homeowner, White House says

The most recent Obama Administration Housing Scorecard highlights how government programs continue to help distressed homeowners stay in their homes and remain current on their mortgage payments.
The most recent Obama Administration Housing Scorecard highlights how government programs continue to help distressed homeowners stay in their homes and remain current on their mortgage payments. [More]


Freddie set to launch new online K certificate database

A new database tool is set to be launched by Freddie Mac that will make it easier for investors and analysts to search through data associated with Multifamily K-Deals, also known as K certificates, that are backed by multifamily mortgages.
A new database tool is set to be launched by Freddie Mac that will make it easier for investors and analysts to search through data associated with Multifamily K-Deals, also known as K certificates, that are backed by multifamily mortgages. [More]


Forbearance timeline extended by Freddie Mac

Unemployed borrowers who hold a mortgage backed by Freddie Mac may soon be offered home loan relief.
Unemployed borrowers who hold a mortgage backed by Freddie Mac may soon be offered home loan relief. [More]


Fannie Mae: Americans' sentiment regarding housing market, economy rises in December

During the final month of 2011, Americans' confidence in various aspects of that nation's economy - chiefly among them the real estate market - improved modestly, Fannie Mae reports.
During the final month of 2011, Americans' confidence in various aspects of that nation's economy - chiefly among them the real estate market - improved modestly, Fannie Mae reports. [More]