DS News

DS News

DS News Webcast: Thursday 1/8/2015

By Jordan Funderburk The White House announced Wednesday that the Federal Housing Administration will reduce mortgage insurance premiums by half a percentage point down to 0.85 percent in an effort to boost U.S. homeownership. FHA raised premiums in response to its declining mortgage insurance fund, which forced the agency to take a $1.7 billion bailout in 2013. Since then, it …

Read More »

Declining Default Rate Leaves Room to Loosen Underwriting Standards, Economist Says

By Brian Honea The pristine performance of mortgage loans in the U.S. with a vintage of 2009 or later is an indicator that underwriting standards could be loosened, according to CoreLogic senior economist Molly Boesel in an analysis entitled “What’s an Acceptable Level of Mortgage Default?” published in CoreLogic’s December 2014 edition of The MarketPulse. The post Declining Default Rate …

Read More »

AACER: Bankruptcy Filings End Up and Down Year With Slight Increase

By Brian Honea Bankruptcy filings in the U.S. finished an up and down year with a slight month-over-month increase in December, but were down overall year-to-date, according to AACER bankruptcy data reported by Epiq Systems. The number of bankruptcy filings nationwide crept up from 62,417 in November to 63,090 in December, a 1 percent increase. The post AACER: Bankruptcy Filings …

Read More »

Updated: President Announces Reduction in FHA Premiums

By Tory Barringer President Barack Obama will announce this week a reduction to Federal Housing Administration (FHA) mortgage insurance premiums, according to media reports. The post Updated: President Announces Reduction in FHA Premiums appeared first on DSNews. Via:: Updated: President Announces Reduction in FHA Premiums       

Read More »

Survey: Doubts About Housing Persist Despite Growing Economic Confidence

By Tory Barringer While optimism—likely spurred by continuing job growth—is on the rise, the number of Americans whose household income has fallen off significantly over the last year picked up (hitting 14 percent), and a declining share expect their personal financial situation will improve in 2015. The post Survey: Doubts About Housing Persist Despite Growing Economic Confidence appeared first on …

Read More »

President Nominates Former Bank Of Hawaii CEO for Fed Governor Position

By Brian Honea President Barack Obama has announced his intention to nominate former Bank of Hawaii CEO Allan Landon to fill one of two available governor positions for the Federal Reserve System on its seven-seat board of governors, according to an announcement from the White House. The post President Nominates Former Bank Of Hawaii CEO for Fed Governor Position appeared …

Read More »

Report: President to Announce Reduction in FHA Premiums

By Tory Barringer President Barack Obama will announce this week a reduction to Federal Housing Administration (FHA) mortgage insurance premiums, according to media reports. The post Report: President to Announce Reduction in FHA Premiums appeared first on DSNews. Via:: Report: President to Announce Reduction in FHA Premiums       

Read More »