COFI Continues Free Fall

Author:  //  Category: Mortgage

The 11th District Cost of Funds Index was nearly 10 basis points lower in April.

It was the 10th consecutive month that COFI was lower.

The index is at its lowest level since October 2009.

Originally posted here:
COFI Continues Free Fall

Share/Save/Bookmark

M.I. Firms Turn In Weak Performance

Author:  //  Category: Mortgage

Members of the Mortgage Insurance Companies of America wrote 4 percent fewer policies in April than in March.

The balance of primary insurance in force declined more than $5 billion during the period.

Meanwhile, defaults deteriorated by 3 basis points.

Go here to see the original:
M.I. Firms Turn In Weak Performance

Share/Save/Bookmark

2nd Lien Servicer Rating Raised at Green Tree

Author:  //  Category: Mortgage

Green Tree Servicing LLC’s second-lien residential servicer rating improved to SQ2, Moody’s Investors Service reported.

Strong collection and loss mitigation abilities were cited for the upgrade.

“The upgrade was driven mainly by solid collections and call center performance metrics,” the ratings agency said.

Go here to see the original:
2nd Lien Servicer Rating Raised at Green Tree

Share/Save/Bookmark

Mortgage Relief for Tornado Victims

Author:  //  Category: Mortgage

Homeowners who suffered property damage during the recent tornado outbreaks around Joplin, Missouri and elsewhere in the Midwest may qualify for suspended mortgage payments or other mortgage relief.

read more

Read More at MortgageLoan.com

See original here:
Mortgage Relief for Tornado Victims

Share/Save/Bookmark

2 Cities Defy Double Dip

Author:  //  Category: Mortgage

The Standard & Poor’s/Case-Shiller index of 20 cities was down 0.8 percent between February and March.

The index pushed below its previous bottom, confirming a much-feared “double dip” in home prices.

But Seattle and Washington, D.C., were higher.

Originally posted here:
2 Cities Defy Double Dip

Share/Save/Bookmark

Mortgage Laundry List for CFPB

Author:  //  Category: Mortgage

On July 21, the Consumer Financial Protection Bureau takes over enforcement of several key regulations impacting mortgage lenders and banks.

The transfer of authority is required under the Consumer Financial Protection Act of 2010.

By the transfer date, the CFPB needs to consult with the current regulators handling the rules and orders then consider public comments from the impacted filing.

See original here:
Mortgage Laundry List for CFPB

Share/Save/Bookmark

Banks Feel Pain of Housing Market

Author:  //  Category: Mortgage

A classic rule of both shopping and investing is that when most people steer clear of something, there may be bargains for the smart money.

Yet it doesn’t always work that way at your local dollar store — or with beaten-down stocks.

That’s the challenge investors face with bank shares, particularly those of the industry’s titans.

The rest is here:
Banks Feel Pain of Housing Market

Share/Save/Bookmark

S&P Reports Double Dip in Home Prices

Author:  //  Category: Mortgage

U.S. home prices have fallen to their lowest level since before the recession, according to the latest Standard & Poor’s/Case-Shiller survey of major metropolitan areas.

read more

Read More at MortgageLoan.com

More here:
S&P Reports Double Dip in Home Prices

Share/Save/Bookmark

S&P Reports Double Dip in Home Prices

Author:  //  Category: Mortgage

U.S. home prices have fallen to their lowest level since before the recession, according to the latest Standard & Poor’s/Case-Shiller survey of major metropolitan areas.

read more

Read More at MortgageLoan.com

Read the original here:
S&P Reports Double Dip in Home Prices

Share/Save/Bookmark

S&P Reports Double Dip in Home Prices

Author:  //  Category: Mortgage

U.S. home prices have fallen to their lowest level since before the recession, according to the latest Standard & Poor’s/Case-Shiller survey of major metropolitan areas.

read more

Read More at MortgageLoan.com

More here:
S&P Reports Double Dip in Home Prices

Share/Save/Bookmark