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Housing’s Second Leg Down LPS: 7.12% of U.S. loans are delinquent  · LPS: U.S. mortgage delinquency rate is 9%. First Look” mortgage reports will be derived from the Jacksonville company’s database of nearly 40 million mortgage loans.Nevada has the most underwater homeowners california, Nevada, Arizona, Florida and Idaho all saw more than 70% of their applicable harp refinance applications with loan-to- value ratios in excess of 105%, indicating that the program is meeting the needs of the severely underwater homeowner.In my analysis, price stands out as being the prime mover of the next leg down. High unemployment, and a decade of flat wages aren’t helping to create any new housing demand. And the millions in.Confirmed: HUD Secretary Castro will endorse Hillary Clinton on Thursday Hillary Clinton’s Possible Veep Pick Has Had A Glittering Political Career.. as the Secretary of Housing and Urban Development. confirmed that Castro would be Clinton’s V.P. if she receives.Bank of America completes sale of Balboa Insurance “I completed a summer internship at Harrah’s in Lake Tahoe. one-stop-shop for all things financial and provides boutique, personalized service with Bank of America’s financial powerhouse supporting.

If the names Freddie Mac, Fannie Mae and Ginnie Mae ring a bell, then you are already familiar with mortgage government sponsored enterprises. gses exist to improve credit flow in the housing.

A new appraisal policy recently struck by Fannie Mae, Freddie Mac and OFHEO to resolve issues raised by the New York Attorney General would dramatically change appraisal practices across the mortgage industry.The deal would require most lenders to outsource their appraisals and prohibit the two GSEs from purchasing any mortgages that fail to comply with a new Home Valuation Code of Conduct.

While this is not uncommon in the current economic environment, there is noticeable difference: Lenders have told us that the GSE’s are showing a new toughness when it comes to auditing non-performing.

New GSE appraisal database to tighten scrutiny on mortgage. – Home New GSE appraisal database to tighten scrutiny on mortgage lenders. New GSE appraisal database to tighten scrutiny on mortgage lenders.. caution by closely monitoring these new appraisals.

Bill would cut all funding to HUD The plan unveiled Monday is less detailed than the equivalent proposals HUD has. all the other things you need in life.” “And at the same time of course you’re talking about the tax bill from 2017.

The financial crisis of 2007-2008, also known as the global financial crisis and the 2008 financial crisis, is considered by many economists to have been the most serious financial crisis since the Great Depression of the 1930s.. It began in 2007 with a crisis in the subprime mortgage market in the United States, and developed into a full-blown international banking crisis with the collapse.

Forsythe Appraisals, LLC – The housing market downturn and. – A lot of new oversight came to the housing industry following the mortgage crisis, and this includes the appraisal sector. Not only has increased monitoring come in the form of regulations and Fannie Mae’s Collateral Underwriter, but the scrutiny also applies to how lending institutions examine appraisal reports.

Many Americans are accustomed to trading in their cars after a few years for a new model – a habit that lenders have generally been happy to accommodate. But that cycle is drawing fresh scrutiny amid.

According to the source post: HousingWire.com "New GSE appraisal database to tighten scrutiny on mortgage lenders" – Appraisers began submitting electronic property data for mortgages sold to Fannie Mae and Freddie Mac under new guidelines that took effect Thursday (9/1/11).