News / Features

Four States Consider Legislation Barring Distressed Sales as Comparables

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 Launches BlackBerry App

Zillow announced yesterday the launch of the Zillow BlackBerry App for Research in Motion’s BlackBerry

Realtors Urge Congress to Approach GSE Reform Slowly

The National Association of Realtors yesterday urged Congress to move cautiously when reforming government-sponsored enterprises Fannie Mae and Freddie

FHFA Reports Mortgage Interest Rates

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

Agencies Seek Comment on Risk Retention Proposal

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

Texas Woman Charged in Mortgage Fraud Scheme

The FBI announced today that a Texas woman, formerly of York County, Pa., has been charged with defrauding 14 mortgage lenders, 35 homeowners and five individual investors out of approximately $2,700,000 between 2006 and

Monthly Foreclosure Starts Drop

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

NAR Reports Vacation Home Shares Hold Even in 2010

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

HUD Secretary Shaun Donovan Issues Statement on Risk Retention Proposals

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 Apps Decrease This Week

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,

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