Report: 3 mortgage stocks worth considering

Posted by & filed under Stockton Real Estate.

Looking to invest in the U.S. housing economy? There’s the HW 30 index, always worth taking a look at. But individual equities bear a look, too — and Portfolio Grader highlighted three mortgage equities yesterday worth buying. …read more

House Republicans propose closing down FHA

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As Congress slowly debates the future of housing finance, a group of House Republicans led by Justin Amash (R-MI) has proposed taking the government out of lending altogether using a 5-year phased plan. A one page document summarizing H.R. 3550, The New Fair Deal Banking and Housing Stability Act of 2013, has been making the […]

Mortgage applications fall slightly

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Mortgage applications edged down a bit this past week, falling a slight 0.3%, an industry trade group reported. Refinance activity alone picked up, with refis now making up 66% of all mortgage activity. …read more

Foreclosure Auction Sales and Bank-Owned Sales Increase From Year Ago in … – SYS-CON Media (press release)

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Foreclosure Auction Sales and Bank-Owned Sales Increase From Year Ago in …SYS-CON Media (press release)Despite the nationwide increase, home sales continued to decrease on an annual basis for the third consecutive month in three bellwether western states: California (down 15 from a year ago), Arizona (down 13 percent), and Nevada (down 5 percent … and […]

Foreclosure Auction Sales and Bank-Owned Sales Increase From Year Ago in … – DigitalJournal.com

Posted by & filed under Stockton Real Estate.

Foreclosure Auction Sales and Bank-Owned Sales Increase From Year Ago in …DigitalJournal.comDespite the nationwide increase, home sales continued to decrease on an annual basis for the third consecutive month in three bellwether western states: California (down 15 from a year ago), Arizona (down 13 percent), and Nevada (down 5 percent). The … and more …read […]

SIGTARP’s reach is long; it’s sentencing sharp

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Investigations run by the Special Inspector General for the Troubled Asset Relief Program prove that no matter how small a bank — or a bank employee is — they are not safe from criminal prosecution if TARP-related bailout funds are misused in any shape or form. These probes can run very deep. …read more

Private capital filling in where banks won’t tread

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As capital restrictions on banks mount along with new regulations spanning the mortgage securitization business, private capital is seeing an entrance opportunity. Barron’s has a look at Seer Capital, one investor making waves in the securitized credit and bond markets, treading where banks won’t — or can’t — go. …read more

NYC’s first foreclosure-rescue scam lawsuit

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Last week, New York City saw the first lawsuit filed under the state’s distressed-property consultant law, as MFY Legal Services is suing two companies for taking more than $11,000 from a distressed homeowner and promising her a loan modification. …read more

Nation’s hottest housing markets see cooling trends

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It’s been headline news this summer that some of the nation’s fastest-recovering markets have seen substantial price increases — markets in California, Arizona and Nevada has seen double-digit gains in 2013 as housing shortages mixed with demand from retail buyers coaxed by low mortgage rates, as well as historically strong investor interest in purchases. …read […]

U.S. lenders aren’t seeing green, yet

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U.S. lenders aren’t yet offering lending incentives for borrowers taking steps to reduce their energy footprint with homeownership. But attitudes are slowly starting to change, catching the U.S. to other countries that do offer important credits for “green” upgrades. …read more

Whalen: Mortgage servicing market changing

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Coming changes in the U.S. banking business will remake the mortgage market — even if banks won’t be abandoning mortgages anytime soon — according to industry expert Christopher Whalen, in recent commentary. …read more