Report: Community banks gaining edge in mortgage lending market

With many major banks and lenders feeling the strains of increased regulatory actions implemented on them by the federal government stemming from the subprime mortgage crisis, a new report states community banks stand to benefit in terms of mortgage lending.
With many major banks and lenders feeling the strains of increased regulatory actions implemented on them by the federal government stemming from the subprime mortgage crisis, a new report states community banks stand to benefit in terms of mortgage lending. [More]


FHFA extends ULDD implementation deadlines for Fannie, Freddie

The Federal Housing Finance Agency has postponed the implementation of the Uniform Loan Delivery Dataset (ULDD), part of the Uniform Mortgage Data Program that the agency has been working on since May 2010.
The Federal Housing Finance Agency has postponed the implementation of the Uniform Loan Delivery Dataset (ULDD), part of the Uniform Mortgage Data Program that the agency has been working on since May 2010. [More]


Using GSE funds to cover tax cuts a problematic notion

Housing industry stakeholders were recently concerned over proposals to pay for a long-term payroll tax cut by increasing guarantee fees charged by Fannie Mae and Freddie Mac, which would increase the cost to mortgage lenders each time one of the entities bought a loan.
Housing industry stakeholders were recently concerned over proposals to pay for a long-term payroll tax cut by increasing guarantee fees charged by Fannie Mae and Freddie Mac, which would increase the cost to mortgage lenders each time one of the entities bought a loan. [More]


BOMA finds rents compressed, some growth

A report from the Building Owners and Managers Association (BOMA) indicates few commercial real estate markets experienced rent increases during 2010.
A report from the Building Owners and Managers Association (BOMA) indicates few commercial real estate markets experienced rent increases during 2010. [More]


Apartment business booms in cities, particularly D.C.

Multifamily sector investment has been the leading aspect of the commercial real estate industry, an expert recently told Multi-Housing News.
Multifamily sector investment has been the leading aspect of the commercial real estate industry, an expert recently told Multi-Housing News. [More]


Freddie Mac: Mortgage rates hit new lows once again

Consumers continue to have the most affordable homebuying conditions ever witnessed in the U.S., as Freddie Mac reports the average rates for short- and long-term mortgage products set or were at record lows the week before Christmas.
Consumers continue to have the most affordable homebuying conditions ever witnessed in the U.S., as Freddie Mac reports the average rates for short- and long-term mortgage products set or were at record lows the week before Christmas. [More]


MBA: Applications remain low despite historic mortgage rates

Confounding many analysts, mortgage records show application volume fell once again last week, the Mortgage Bankers Association reports, despite home loan rates at their lowest levels ever.
Confounding many analysts, mortgage records show application volume fell once again last week, the Mortgage Bankers Association reports, despite home loan rates at their lowest levels ever. [More]


MBA reports profitability improvements in third quarter 2011

According to the Mortgage Bankers Association's Third Quarter 2011 Performance Report, independent mortgage banks and subsidiaries more than doubled their average profit per loan from $575 in the second quarter to $1,263 for loans originated during the third quarter.
According to the Mortgage Bankers Association's Third Quarter 2011 Performance Report, independent mortgage banks and subsidiaries more than doubled their average profit per loan from $575 in the second quarter to $1,263 for loans originated during the third quarter. [More]


MBA president addresses mortgage financing bill

President and CEO David Stevens of the the Mortgage Bankers Association (MBA) recently testified before the House Financial Services Subcommittee on Capital Markets and the Government Sponsored Enterprises.
President and CEO David Stevens of the the Mortgage Bankers Association (MBA) recently testified before the House Financial Services Subcommittee on Capital Markets and the Government Sponsored Enterprises. [More]


Proposals for mortgage financing future

Georgia Senator Johnny Isakson recently introduced The Mortgage Finance Act, The Street reports, legislation that would end the government conservatorship of Fannie Mae and Freddie Mac and transition to a fully privatized mortgage market in a decade.
Georgia Senator Johnny Isakson recently introduced The Mortgage Finance Act, The Street reports, legislation that would end the government conservatorship of Fannie Mae and Freddie Mac and transition to a fully privatized mortgage market in a decade. [More]