News / Features

Obama Administration Releases March Housing Scorecard

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury have released the March edition of the Obama Administration’s Housing

Four States Consider Legislation Barring Distressed Sales as Comparables

Illinois, Maryland, Missouri and Nevada – are considering legislation that would prohibit or restrict the use of distressed sales as comparable sales as a part of a residential real estate

Zillow Launches BlackBerry App

Zillow announced yesterday the launch of the Zillow BlackBerry App for Research in Motion’s BlackBerry

Realtors Urge Congress to Approach GSE Reform Slowly

The National Association of Realtors yesterday urged Congress to move cautiously when reforming government-sponsored enterprises Fannie Mae and Freddie

FHFA Reports Mortgage Interest Rates

The Federal Housing Finance Agency has reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some ARM contracts, was 4.79 percent based on loans closed

Barry Minkow Pleads Guilty in Lennar Corp Stock Manipulation Case

The FBI and U.S. Attorney for the Southern District of Florida announced today that Barry Minkow, 44, of San Diego, Calif., pled guilty to conspiring with others to manipulate the stock price of Lennar Corporation by making false and

Agencies Seek Comment on Risk Retention Proposal

Six federal agencies are seeking comment on a proposed rule that would require sponsors of asset-backed securities (ABS) to retain at least 5 percent of the credit risk of the assets underlying the securities and would not permit sponsors

Monthly Foreclosure Starts Drop

According to February month-end data from Lender Processing Services (LPS), the amount of foreclosure starts last month was at its lowest level since November of

NAR Reports Vacation Home Shares Hold Even in 2010

The market share of vacation and investment-home sales held steady in 2010, although the sales volume declined with the overall market, according to the National Association of

HUD Secretary Shaun Donovan Issues Statement on Risk Retention Proposals

Yesterday the U.S. Department of Housing and Urban Development, joined with the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the Federal Reserve, and the Securities and Exchange Commission announced

Broward County Pending Home Sales Rise Again in March

Total cumulative pending home sales in Broward County increased 6.02 percent in March compared to a year earlier, from 78,173 to 8,665, and were up 3.27 percent month-over-month from 8,391, according to the 23,000-MIAMI Association of Realtors and the

Mortgage Apps Decrease This Week

Mortgage applications decreased 7.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 25,

FDIC Approves Risk Retention Rule-making

The Federal Deposit Insurance Corporation (FDIC) today approved a proposal of new risk retention rules in an attempt to stabilize the mortgage

Miami-Dade Pending Home Sales Continue to Rise

Total cumulative pending home sales – including single-family homes and condominiums – in Miami-Dade County increased 18 percent in March compared to a year earlier, from 9,751 to 11,544, and 3.24 percent, up from 11,182, compared to the previous

S&P/Case-Shiller Home Price Indices Released Today

Data through January 2011, released today by Standard & Poor’s for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, show further deceleration in the annual growth rates in 13 of the 20 MSAs and the

Agencies to Consider Risk Retention Rulemaking

As reported by Diana Olick of CNBC Real Estate, the Federal Deposit Insurance Corporation (FDIC) and other federal agencies vote this morning on a proposed set of mortgage risk retention rules that could drastically change the already tumultuous lending

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