Foreclosure filings in Nevada dropped in October, which was the first month of a new state law that mandates tighter foreclosure-processing requirements.
A new bipartisan effort on Capitol Hill would change the way homes are appraised by putting energy costs and savings into standard mortgage underwriting equations.
The Federal Housing Finance Agency plan to overhaul the Home Affordable Refinance Program (HARP) would mean that only 17 percent of Fannie Mae and Freddie Mac 30-year loans qualify for refinancing.
Speaking to a group of mortgage bankers in Chicago on Tuesday, Moody’s Analytics chief economist Mark Zandi said that tweaks, not a complete overhaul, could be enough to stabilize house prices and help the mortgage financing industry work through the g
American businesses stepped up investment spending in August despite the upheaval caused by bitter political fighting in Washington, and some economists raised their forecast for economic growth for this quarter.
Fitch Ratings cut a trio of home builders deeper into junk territory Monday, pointing to a dismal outlook for new housing activity as well as liquidity pressures at the struggling home builders.
