National News
By Tom Butala Tax Day 2011 is right around the corner, with Federal income tax returns due by Monday, April 18. Homeowners enjoy a major tax break at this time, but due to the tumultuous housing industry it may
Mortgage applications decreased 2.0 percent from one week earlier, while purchase applications spiked 6.7 percent to the highest level of the year, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April
The Securities and Exchange Commission (SEC) yesterday announced that Wells Fargo Securities LLC agreed to settle charges that Wachovia Capital Markets LLC engaged in misconduct in the sale of two collateralized debt obligations (CDOs) tied to the performance of
While the housing industry celebrates New Homes Month in April, home builders want Americans to know just how much of a positive, direct impact residential construction has on the U.S. economy throughout the entire
Last week the FDIC and other Federal agencies proposed risk retention rulemaking and called for public commentary. Today RISMedia revealed some more details on the
According to the National Association of Realtors (NAR), sales of homes valued at one million or more dollars are up from the same time last
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury have released the March edition of the Obama Administration’s Housing
Illinois, Maryland, Missouri and Nevada – are considering legislation that would prohibit or restrict the use of distressed sales as comparable sales as a part of a residential real estate
Zillow announced yesterday the launch of the Zillow BlackBerry App for Research in Motion’s BlackBerry
The National Association of Realtors yesterday urged Congress to move cautiously when reforming government-sponsored enterprises Fannie Mae and Freddie
The Federal Housing Finance Agency has reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some ARM contracts, was 4.79 percent based on loans closed
Six federal agencies are seeking comment on a proposed rule that would require sponsors of asset-backed securities (ABS) to retain at least 5 percent of the credit risk of the assets underlying the securities and would not permit sponsors
According to February month-end data from Lender Processing Services (LPS), the amount of foreclosure starts last month was at its lowest level since November of
The market share of vacation and investment-home sales held steady in 2010, although the sales volume declined with the overall market, according to the National Association of
Yesterday the U.S. Department of Housing and Urban Development, joined with the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the Federal Reserve, and the Securities and Exchange Commission announced
Mortgage applications decreased 7.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 25,
