Existing-Home Sales Expected to Inch Upward in January
By Tory Barringer In its latest look at resale data, NAR reported that the stock of available existing homes for sale was around 1.85 million…
Day: January 26, 2015
MBS RECAP: Lack of Data Today, Snowstorm Tomorrow Taking Toll on Participation
By Matthew Graham Posted To: MBS Commentary After two weeks of elevated volumes and activity, today hearkened back to old-fashioned Mondays . Participation was light,…
Watt Scheduled to Testify Before House Financial Services Committee on Tuesday
By Brian Honea Federal Housing Finance Agency (FHFA) Director Mel Watt is scheduled to testify before the House Financial Services Committee on Tuesday in a…
Mortgage Rates Slightly Higher Amid Lack of Motivation
By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates were unchanged in most cases today, though some lenders were microscopically higher or lower compared…
Despite Challenges, Lenders Plan for Growth
By Tory Barringer In a review of its November survey of senior mortgage executives, Li-Ning Huang, Fannie Mae found that though respondents are concerned about…
Ocwen Issues Blistering Response to Investor Notice
By Brian Honea Ocwen’s response called the investors’ claims “ill-conceived” and state that “[w]hile knee-jerk foreclosures may redound to the special economic interests of your…
Bill would free appraisers from obligation of taking photos
A new bill has been introduced that would free Connecticut appraisers from the obligation of taking photographs of comparable properties in the event the properties…
Lenders discuss what Collateral Underwriter really means for appraisers
The Jan. 26 arrival of Fannie Mae’s Collateral Underwriter has many residential appraisers concerned about what the widespread adoption of the appraisal risk management tool…