Subprime Lending
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More than half of the top 200 U.S. housing markets saw foreclosure numbers rise, according to a new report, but not where you might expect; investors should take note.
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More than half of the top 200 U.S. housing markets saw foreclosure numbers rise, according to a new report, but not where you might expect; investors should take note.
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A mortgage analyst says, "The thought is that there are a bunch of homeowners on the fence who haven't refi'd who will all jump in thinking they will miss out. The theory is 100 percent nonsense."
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As housing and the greater economy improve, a shift in demographic trends will likely favor the rental apartment market for the foreseeable future.
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Signed contracts to buy existing homes fell 4.3 percent in December from the previous month, according to a monthly index from the National Association of Realtors.
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Adam Slater, managing director at Laxfield Capital, tells CNBC that their program will lend outside of prime central London but will focus on good quality properties with resilient valuations.
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Faced with heavy competition from a hot rental market, some of the nation’s home builders are turning some of their resources to building multi-family, rental apartment buildings.
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"The greatest concern in the market is the inventory situation," said Lawrence Yun, chief economist for the National Associate of Realtors.
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New rules could make mortgage servicing more expensive, especially for those specialty servicers and level the playing field between them and the big bank servicers.
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For nine straight months, national home prices have been in the positive, and the gains are only getting larger.
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This new asset class could offer all kinds of investors a chance to get in on an old and well-tested source of revenue.
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Fannie Mae and Freddie Mac exacerbated the mortgage crisis and that's why the government should get out of the home loan business, former Wells Fargo CEO Richard Kovacevich told CNBC.
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A $10 billion settlement to resolve claims of foreclosure abuses by major lenders is expected to be announced on Monday, sources said Sunday. The New York Times reports.
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Despite the overall drop in foreclosures, a huge backlog of homes already in the foreclosures process are finally going back to the banks in big numbers.
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FHA is short $56 billion in reserves, with Stephen Meister, Meister, Seelig & Fein; and SEIU activists are protesting outside Los Angeles Airport, with Mary Kay Henry, SEIU International president.
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The housing recovery can't gather steam until tight-fisted banks loosen tough lending standards put in place after the worst housing crisis since the Great Depression.
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Capital and liquidity rules for the biggest UK banks have been quietly relaxed in an effort to stimulate lending, a move that puts Britain at the forefront of a global experiment to use bank regulation to moderate the economic cycle.
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A former Credit Suisse Group AG trader facing charges in a $3 billion fraud involving subprime mortgage bonds said he would fight a U.S. extradition request.
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The concerns about municipal finances are overdone, Alexandra Lebenthal, CEO of Lebenthal & Company, told CNBC’s “Closing Bell” on Friday.
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Despite concerns about ballooning public pension expenses, municipal defaults are still relatively low, Alexandra Lebenthal, Lebenthal & Company president and CEO, told CNBC’s “Squawk Box” on Thursday.
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The U.S. housing market is showing signs of recovery and investors should be looking at non-agency mortgages, the very asset class that prompted the global financial crisis, according to Gregory Perdon, Co-Chief Investment Officer at Arbuthnot Latham & Co.