On January 20, the Federal Housing Administration (FHA) announced that its plan to shore up the agency's capital reserves included stepped up enforcement of its rules and increased supervision of its lenders.
The Treasury Department reported Friday that 66,500 of the 902,620 homeowners who had started the trial modification period for its Home Affordable Mortgage Program (HAMP) had completed the three month trial and entered into a permanent modification by the end of December.
Fitch Ratings warned today that billions of prime and Alt-A mortgages that were written as interest-only (IO) loans are due to recast over the next two years.
Mortgage rates have been stuck in a back and forth battle all week. We started the new year with improvements which carried over into Tuesday only to see positive momentum fizzle out yesterday
Mortgage rates held stable for most of the day yesterday as an empty economic calendar left market participants to quietly ponder the Fed's upcoming monetary policy communication with the marketplace.
Delinquency rates throughout the United States continued to increase during the third quarter of 2009. The good news is that, for the third consecutive quarter that increase has slowed.
At a Nov. 3 briefing on Capitol Hill, three housing experts discussed the current housing market, predicted the outlook for next year and beyond, and made some recommendations for changes to the mortgage finance system.
