RealtyTrac: High-end Foreclosures Up 61 Percent

  • By dave
  • 12 December, 2013
  • Comments Off

U.S. foreclosure activity is down 23 percent year-to-date through October, but foreclosure activity on properties valued at $5 million or higher rose 61 percent from the same period in 2012, analytics firm RealtyTrac announced Dec. 3. Continue Reading →


Global Banks Fined for Interest Rate Manipulation

  • By dave
  • 12 December, 2013
  • Comments Off

The European Commission has fined several major global banks $2.3 billion for their collusion in manipulating key European and Japanese benchmark interest rates that affect many loan types, including mortgages, The Associated Press reported Dec. 4. Continue Reading →


Fannie Mae Addresses Appraisal Quality, UCDP Notification

  • By dave
  • 12 December, 2013
  • Comments Off

Fannie Mae addressed appraisal quality, appraiser selection requirements, data quality issues and new processes to identify and monitor individual appraisers in a Dec. 10 letter to lenders. Fannie also issued new messaging to support its appraiser moni… Continue Reading →


Mortgage Rates Up Significantly

  • By dave
  • 12 December, 2013
  • Comments Off

Fixed mortgage rates experienced a significant increase during the past week, Freddie Mac reported Dec. 5 in its weekly Primary Mortgage Market Survey. The 30-year fixed-rate jumped 0.17 percent to 4.46 percent while the 15-year fixed-rate also increas… Continue Reading →