Friday, November 9, 2012

"Perfect Storm" of Regulations to Hinder Restoration of Competitive Mortgage Marketplace

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Nov 9, 2012 9:36AM

'Perfect Storm' of Regulations to Hinder Restoration of Competitive Mortgage Marketplace

David H. Stevens, President and CEO of the Mortgage Bankers Association criticized the federal government and financial regulators as providing a lack of transparency and an overly burdensome regulatory atmosphere in remarks prepared for delivery at MBA's inaugural Independent Mortgage Bankers Conference. Stevens credited the federal government with driving much of independent bankers' recent successes with programs such as QE3, Operation Twist and HARP but also enumerated the burdens the independent...

Nov 9, 2012 4:24PM

Housing Scorecard: HAMP Remains an Active Program as Crisis Recedes

The Departments of Treasury and Housing and Urban Development released their October edition of the Obama Administration's Housing Scorecard on Friday afternoon. The report highlighted the Federal Housing Finance Agency's housing price index which posted its largest annual gain in five years and new home sales which are at the fastest pace since April 2010, near the end of the homebuyer's tax credit program. Because of the increasing strength of the housing market the scorecard notes that 1.3 million...


Micro News

12:20 PM:

MBS Hit Lows Of The Day, Continuing Selling Trend Since The Open

10:26 AM:

ECON: Consumer Sentiment Highest in Five Years

10:09 AM:

ECON: Wholesale Inventories/Sales Both Stronger-Than-Expected

9:31 AM:

Bond Markets Stronger Overnight, Weaker Into Mid-Morning

8:44 AM:

ECON: Import Prices Significantly Higher Than Expected

1:12 PM:

Utterly Triumphant 30yr Auction Sends Bond Markets Soaring

1:01 PM:

30yr Auction Preview

9:46 AM:

Bond Markets Moderately Weaker. Data, Draghi Underwhelming

Around the Web

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Roger Altman For Next Treasury Secretary?

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Today's Comments

Patricia Roy

"Hey Eugenia, Want to know the root of the "housing/mortgage" crisis. One name more than any other, Barney Frank. Scammed borrowers? I don't..."

BRANDEN REEVES

"Heado1881 or Eugenia, Do you know what it is that you are talking about? Or are you just trying to make wild uneducated comments because you are a journalist..."

David Vandenbroucke

"The American Housing Survey is funded and directed by the U.S. Department of Housing and Urban Development. It is conducted by the Census Bureau under..."

Today's Q&A

"Risks of removing name from Mortgage "

"Need refinance for upsidedown conventional loan that is not Freddie, Fannie or FHA"

"How/who should I ask for advice to improve my mortgage approval prospects?"