May 20, 2013. Recent Slowdown in Economic Growth Likely Short-Lived Reacceleration Forecasted in Second Half of 2013 ……(read more)
Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Texas and Reverse Mortgages; More on Possible Ginnie Changes; Upcoming Training
Posted To: Pipeline Press
Here in Austin, at the Texas Mortgage Banker Association’s yearly conference, the talk is not so much about the Millennial generation but about how the Texas House of Representatives approved legislation, already approve by Texas’ Senate, which would allow reverse mortgage lending in Texas . But before it can become a law, the legislation will go to voters in Texas on November 5th for approval. This potential law would amend the Texas Constitution to authorize the “Reverse Mortgage for Purchase” program in Texas and would enhance consumer disclosure requirements for all reverse mortgage loans in Texas. Oh, and by the way, Texas is the only state that doesn’t allow the reverse mortgage for purchase program for homeowners. Redwood Trust doesn’t securitize reverse mortgages, but did issue another…(read more)
Forward this article via email: Send a copy of this story to someone you know that may want to read it.
House panel pushes FHA on reverse mortgages, multifamily consolidation, and more
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 by Ethan Handelman The Housing and Insurance Subcommittee of House Financial Services examined three Deputy Assistant Secretaries from FHA 's Reverse Mortgage, Multifamily Housing, and Healthcare Programs on May 16. Members had sharp questions for the witnesses who were pushed to defend agency decisions and identify corrective measures in the face of a possible FHA draw on the Treasury. Participating members were Neugebauer (Chair, R-TX), Luetkemeyer (Vice Chair, R-MO), Capuano (Ranking, D-MA), Royce (R-CA), Cleaver (D-MO), Clay (D-MO), Beatty (D-OH), Himes (D-CT), Fitzpatrick (R-PA), Heck (D-WA), Sherman (D-CA), and Ellison (D-MN). Reverse mortgages Charles Coulter, Deputy Assistant Secretary for Single-Family Housing…(read more)
Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Home Sales Probably Rose Toward 2009 High: US Economy Preview
Home Sales Probably Rose Toward 2009 High: US Economy Preview Bloomberg Home sales probably rose in April to the highest level in more than three years, extending gains in residential real estate that are giving the U.S. expansion a lift, economists said before reports this week. Combined purchases of new and existing residences ……(read more)
Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Bernanke’s Principle Concern Is the Efficacy of What We’re Doing: Dallas Fed’s Fisher
This is a breaking news story. Check back shortly for updates. Dallas Fed President Richard Fisher appeared on CNBC's " Squawk Box" on Monday….(read more)
Forward this article via email: Send a copy of this story to someone you know that may want to read it.
US Stocks Seen Down on Fed Easing Fears
Campbell Soup is one of the few companies of note out with quarterly earnings this morning, while after the bell releases include the latest numbers from TiVo and Urban Outfitters. Yahoo leads our list of stocks to watch, with sources telling CNBC the company's board has approved a deal to buy blogging service Tumblr for $1.1 billion….(read more)
Forward this article via email: Send a copy of this story to someone you know that may want to read it.
SIFMA Announces Former Senator Judd A. Gregg as New CEO and Appoints Kenneth E. Bentsen, Jr. as President
SIFMA Announces Former Senator Judd A. Gregg as New CEO and Appoints Kenneth E. Bentsen, Jr. as President<br/>http://www.sifma.org/newsroom/2013/sifma-announces-former-senator-judd-a_-gregg-as-new-ceo-and-appoints-kenneth-e_-bentsen,-jr_-as-president/…(read more)
Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Unclear whether Fed’s bond buying has helped economy: Fisher
(Reuters) – While the Federal Reserve's accommodative policies have boosted stocks and helped the rich, it is unclear whether they are doing enough for the broader U.S. economy, a top central bank official said on Monday….(read more)
Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Behind the mortgage settlements from the housing crisis
Banks have paid less than half the $5.7 billion in cash owed to troubled homeowners under nearly 30 settlements brokered by the government since 2008, delaying help to the millions of victims of discrimination and shoddy lending that epitomized the housing crisis, according to a Washington Post analysis of government data. Read full article >> …(read more)
Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Fannie & Freddie Say It Would Be Too ‘Awkward’ To Meet With Foreclosed Homeowners
Officials from the mortgage financing giants Fannie Mae and Freddie Mac have withdrawn from a Detroit event where homeowners are set to talk about the impact foreclosures have had on their lives and communities. The group Detroit Eviction Defense claims the last-minute cancellation of the May 20 hearing comes after officials for the government-backed agencies told organizers it would be "awkward" to hear testimony from homeowners who are currently litigating against them. Steve Babson, a spokesman for Detroit Eviction Defense , said organizers received word of the cancellation through a series of phone calls with employees of the Federal Housing Finance Agency (FHFA), which oversees Fannie and Freddie. "They said, 'Well, we've decided it would be pretty awkward for us…(read more)
Forward this article via email: Send a copy of this story to someone you know that may want to read it.
