June 2009

Defaults on prime mortgages increased 20 percent during the first quarter of the year, according to the latest Mortgage Metrics Report released today by the… Read More »Prime Mortgage Defaults Jump During First Quarter

A new survey conducted by the Kellogg School of Management in Chicago suggests that more than a quarter of mortgage defaults are strategic, especially when… Read More »More Than a Quarter of Mortgage Defaults Strategic

A potential “HVCC moratorium” is in the works, spearheaded by House Representatives Childers (Republican – MS) and Miller (Republican – CA). The pair introduced bill… Read More »Mortgage Brokers Urge HVCC Moratorium

Everyone knows times are tough, especially for college graduates just entering the workforce. And though some prefer to be “funemployed,” others may be looking for… Read More »Now Hiring: HUD

An appraiser contacted me shortly after I posted the story about home builders wanting better values for new homes, which they believe are being dragged… Read More »Appraiser Viewpoint

Loan modifications at Fannie Mae and Freddie Mac were up 57 percent in the first quarter compared to the fourth quarter, and more than double… Read More »Loan Modifications Up at Fannie, Freddie, But So Are Late Payments

The Making Home Affordable program may be further expanded to help more underwater homeowners refinance their mortgages. Though mortgage rates have crept up in recent… Read More »Making Home Affordable Program May Help More Underwater Homeowners

The FHA continues to be overwhelmed by surging loan volume, as evidenced by remarks from Kenneth M. Donohue, Inspector General of HUD. Donohue told the… Read More »FHA Warns It May Need Assistance to Operate

Mortgages sold on the secondary market quickly after being originated were underwritten more poorly than loans kept on banks’ books, according to a report from… Read More »Report: Originate to Distribute Mortgages Default More