Wednesday, October 5, 2011

Whistleblowers Charge VA Loan Fraud; Sue 13 lenders

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Oct 5, 2011 10:51AM

Whistleblowers Charge VA Loan Fraud; Sue 13 lenders

UPDATE: In response to news of the lawsuit, Senator Sherrod Brown (D-OH), Chairman of the Banking Subcommittee on Financial Institutions and Consumer Protection, has called for action from the VA and the Department of Justice. Brown said, "No consumer should be forced to pay illegal fees, but it is particularly disgraceful to impose such extraction schemes on our veterans." He asked the agencies to release full information on any internal investigations and responses to the suit. Three...

Oct 5, 2011 5:00PM

September Housing Scorecard Released

The Departments of Housing and Urban Development (HUD) and Treasury have issued the administration's September Housing Scorecard . The scorecard is largely a round-up of information on housing and housing finance from sources such as S&P/Case-Shiller, RealtyTrac, and the Census Bureau and other government agencies, all of which have previously been covered here. It also incorporates by reference data on the Making Home Affordable Program which, in this month's report, covers summary data through...


Micro News

5:23 PM:

Limited Data Ahead of Friday's Jobs Report

2:51 PM:

MBA Comments on SEC Re-Proposal of Regulation AB

2:49 PM:

Fannie Mae: October UMDP Yardstick Published

2:46 PM:

HUD: September Housing Scorecard Released

1:27 PM:

MBS Struggling to Hold Support and Stave Off Reprices for the Worse

11:16 AM:

Fed Report: Incentive Compensation Practices...

10:59 AM:

Subcommittee to Assess Obama Administration's Response to Housing Crisis

10:07 AM:

ECON: ISM Non-Manufacturing Flat, but Business Activity Surges

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Today's Comments

Steve Chizmadia

"Thanks for the continual updated visuals on the trend channels and midpoints MG. The charts look great and confirm the directional guidance you've..."

Thomas Quann

"Yeah, love the charts with trend channels...gives me a visual as to where we are big picture."

Frank Ceizyk

"So sad--subprime lending just moved from front side origination to post closing/preforeclosure/modification loss mitigation schemes galore...the FHFA needs..."

Today's Q&A

"Are HAMP and MHA the same thing?"

"Lease Purchase Agreement? What percent of the rent can/should/normally goes toward purchase price?"

"What is the HARP mortgage program?"