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]


Homeowners still value homeownership, poll finds

A recent poll reveals that a majority of households support the government's role in the mortgage industry as long as it continues to make homeownership affordable for more Americans, the National Association of Home Builders reports.
A recent poll reveals that a majority of households support the government's role in the mortgage industry as long as it continues to make homeownership affordable for more Americans, the National Association of Home Builders reports. [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]


Report: Major cities focal point for commercial investment in 2012

Major U.S. metros including New York, Boston, San Francisco and Washington, D.C. are likely to remain the hot spots for international investors to purchase commercial real estate this year, according to a report.
Major U.S. metros including New York, Boston, San Francisco and Washington, D.C. are likely to remain the hot spots for international investors to purchase commercial real estate this year, according to a report. [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]


Zillow: Home values stable in November

Though home prices experienced another year-over-year decrease in November, Zillow reports residential property values remained mostly unchanged from a month earlier, indicating some stabilization.
Though home prices experienced another year-over-year decrease in November, Zillow reports residential property values remained mostly unchanged from a month earlier, indicating some stabilization. [More]