The passing and implementation of Dodd-Frank became gave Washington D.C. more ineffectual power to micromanage the mortgage market and ultimately reverse any progress made within the market itself, House Financial Services Chairman Jeb Hensarling, R-TX, said Tuesday. …read more

DataQuick enhanced its National Property Database to include expanded property transaction intelligence through the release of its Derived Transaction Record. The tool identifies property transactions in jurisdictions that do not provide recorder information. …read more

U.S. stock futures advanced modestly right before market open on Tuesday, as the Federal Reserve headed into a two-day meeting. …read more

State housing finance agencies were allocated billions of TARP funds to assist local homeowners and communities back in 2010. In all, the Treasury allocated $7.6 billion, giving 18 states and the District of Columbia permission to participate. Only 22% of the allocated funds have been spent to date. …read more

Mortgage interest rates continued to climb, as the national average contract mortgage rate for the purchase of previously occupied homes by combined lenders hit 4.38% in late September, up from 4.26% in August. …read more

Bank of America’s Countrywide unit and investors in its devalued residential mortgage-backed securities are asking a federal judge to approve a $500 million class-action settlement. …read more

Provident Financial Holdings Reports First Quarter Fiscal 2014 EarningsNASDAQIn addition, real estate acquired in the settlement of loans (real estate owned), gross of any allowances, in the first quarter of fiscal 2014 declined to $2.8 million, compared to $5.0 million in the same quarter of fiscal 2013, due primarily to the … …read more

Provident Financial Holdings Reports First Quarter Fiscal 2014 EarningsGlobeNewswire (press release)The outstanding balance of “preferred loans” (multi-family, commercial real estate, construction and commercial business loans) increased by $10.1 million, or three percent, to $366.9 million at September 30, 2013 from $356.8 million at June 30, 2013 … …read more

Provident Financial Holdings Reports First Quarter Fiscal 2014 EarningsWall Street JournalThe outstanding balance of “preferred loans” (multi-family, commercial real estate, construction and commercial business loans) increased by $10.1 million, or three percent, to $366.9 million at September 30, 2013 from $356.8 million at June 30, 2013 … and more …read more

In China There’s Not One City Without Terrifying Stretches Of Empty HousesForbesTo some of us, it is almost unfathomable that the Wall Street Journal, in a recent report, could write: “There is currently a supply crunch of homes in major cities like Beijing and Shanghai, which is in turn leading to fast-rising property prices” or […]

The servicing landscape is in flux right now, with smaller institutions potentially taking over as the dominant players. The catalyst for all this change: a lack of interest-earning assets and mass litigation issues at mega banks. …read more

The mortgage finance market must first appreciate the extent of the losses borne by credit investors in mortgage-backed securities and collateral debt obligations in order to earn the trust and get that private money working again. …read more

The father of securitization, Lewis Ranieri, tells CNBC he is confident in bonds backed by investor-owned rental properties. In his words: they carry no risk. …read more

The U.S. Department of Justice is using a unique law to pin legacy mortgage issues on Bank of America. …read more

Housing finance reform is underway in Washington D.C., and Fannie Mae and Freddie Mac are confident they can deal with the changes as they come. …read more

Senate Democrats spent Monday getting jittery, a situation that resulted in Sen. Harry Reid, D-N.V., filing a motion for cloture to cut off a potential Senate filibuster of the confirmation hearing covering Rep. Mel Watt’s (D-N.C.) nomination to lead the Federal Housing Finance Agency later this week. …read more

Inland Empire News In more homes, the roof overhead is rentedInland Empire NewsStockton, Calif., was about 24% in 2006, now it’s above 32%, the highest share among the 100 metro regions in USA TODAY’s study. Metros outside the top foreclosure hot spots have also seen larger growth in single-family rentals than the national … …read […]

While the opportunity to rebuild the mortgage market to a more resilient industry than ever before is upon us, various challenges remain — creating uncertainty to cost and impact. …read more

Lender Processing Services launched its Error Resolution Tracking product, a workflow tool designed to ensure servicers stay compliant with upcoming Consumer Financial Protection Bureau requirements. …read more

Some mortgage gurus firmly believe private investors will not take a stake in the future secondary mortgage market until clear competitors are established. This particular construction creates an unfortunate catch-22. …read more

Atticmedia unveiled a new mobile platform that will ease compliance strain and increase sales for lenders by delivering up-to-the-second training and resources to staff. The tool — Mojo Central — was introduced at the MBA’s 100th Annual Convention & Expo in Washington, D.C. …read more

LendTrade launched at the Mortgage Bankers Association 100th Annual Convention & Expo Monday morning. The online community connects secondary market loan professionals directly with buyers and sellers. …read more

By Ryan Lundquist Isn’t real estate data just for people who like math and numbers and wear pocket protectors? Not at all. Understanding the trends of the market can make a huge difference with business and marketing for anyone in the real estate industry. Let me unpack what I mean. I’d love to get your […]

RealtyTrac premiered its first-ever investor insider report, which provides an in-depth look at the habits of investors in the real estate market from 2011 through today. …read more

Consumer Financial Protection Bureau Director Richard Cordray told a crowd at the 100th Annual MBA Conference & Expo that lending outside the qualified mortgage rule is perfectly acceptable as long as strong underwriting standards are deployed. But the lingering question is how does one know how steady their standards are or will appear to be […]