MBA leadership change announced.(Briefing Book)
Mortgage Bankers Association (MBA) President and Chief Executive
Officer Jonathan L. Kempner announced on July 22 that he will step down
from the position he's held for nearly eight years effective . . .
Ginnie Mae reverse-mortgage securitization program tops $600
million.(Briefing Book)
Ginnie Mae announced in late June that reverse-mortgage lender
Financial Freedom, Irvine, California, issued two fixed-rate
reverse-mortgage transactions and one London interbank offered . . .
Risk of home-price declines rises for overheated
markets.(Briefing Book)
The risk that home prices will be lower in the next two years
continued to intensify during the first quarter in many metro areas
across the country where house-price growth had significantly . . .
Murin confirmed new Ginnie Mae president.(Briefing Book)(Joseph
J. Murin has became president of Government National Mortgage
As
With little more than half a year left before a new administration
takes over the Oval Office, the Senate in late June confirmed the White
House's newest president of Ginnie Mae.
Joseph J. Murin . . .
'Operation Malicious Mortgage' sweeps up more than 400
fraudsters.(Briefing Book)
A nationwide, multi-jurisdictional law-enforcement sweep took a big
bite out of financial crime against lenders in June following the
takedown of more than 400 mortgage fraud suspects, including . . .
HOPE NOW helps 1.7 million borrowers, rolls out new
guidance.(Briefing Book)
The private-sector, government-approved HOPE NOW Alliance announced
in early July that its members have helped facilitate some 1.7 million
loan workouts since July 2007, even as it has rolled out . . .
BofA, Countrywide complete purchase, continue merging
operations.(Briefing Book)
Charlotte, North Carolina-based Bank of America (BofA) announced it
has completed its purchase of Calabasas, California-based Countrywide
Financial Corporation effective July 1, and it will spend . . .
OTS, FDIC take over Indymac Bank.(Briefing Book)(IndyMac Bank
F.S.B.)
In mid-July, federal government regulators abruptly closed down
Pasadena, California-based Indymac Bankcorp Inc.
The Office of Thrift Supervision (OTS) announced Indymac
Bank's closure late on . . .
Fed and Treasury roll out Fannie, Freddie backstop plan.(Briefing
Book)
The Federal Reserve and the Treasury Department announced in
mid-July an extraordinary series of steps designed to act as a
contingency backstop for the two government sponsored enterprises . . .
Major housing bill nears passage.(Briefing Book)
A long-awaited major housing bill that would create a new regulator
for the government-sponsored enterprises (GSEs), as well as modernize
the Federal Housing Administration (FHA) and provide . . .
Fed adopts final HOEPA rules.(Briefing Book)(Regulation Z of the
Truth in Lending Act )(Home Ownership and Equity Protection Act
The Mortgage Bankers Association (MBA) has cautiously commended the
final changes by the Federal Reserve to Regulation Z of the Truth in
Lending Act (TILA), under the Home Ownership and Equity . . .
The surge.(Portfolio)
Servicers are not getting the credit they deserve for continuing to
fight the good fight against a groundswell of foreclosures that so far
is nowhere near tamed. Month after month, foreclosure . . .
Housing activity.(Vital Statistics)(Statistical table)
Housing activity
Residential Structures
(Thousands of Units. SAAR)
BY TYPE OF UNIT
HOUSING STARTS BUILDING PERMITS
Single- Multi- . . .
Key economic indicators and interest rates.(Vital
Statistics)(Statistical table)
Key Economic Indicators and Interest Rates
CONSUMER PRICES,
YEAR OVER-YEAR
. . .
Mortgage applications indexes.(Vital Statistics)(Statistical
table)
Mortgage Applications Indexes
Mortgage Bankers Association (MBA)
MARKET COMPOSITES
(Unadjusted)
Market Purchase Refinance FRM ARM
Index Index . . .
Three-month vs. 12-month HPI change March 2008 data.(Vital
Statistics)
Three-Month vs. 12-Month HPI Change March 2008 Data
3- 12-
Core-Based Statistical Areas Mo. % Mo. %
1 Atlanta-Sandy . . .
Prime mortgage prepayments, subprime mortgage
prepayments.(Mortgage Performance)(Statistical table)
SOURCE: First American CoreLogic, San Francisco. Prime and Subprime
data are sourced from the Loan Performance cooperative servicing
databases, representing approximately 80 percent of . . .
2007 prime book vintage report, 2007 subprime book vintage
report.(Mortgage performance.)(Statistical table)
SOURCE: First American CoreLogic, San Francisco. Prime and subprime
data are sourced from the Loan Performance cooperative servicing
databases, representing approximately 80 percent of . . .
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