FHA’s Galante Asks Congress For Increased Authority To Hold Lenders Accountable

by Jann Swanson Feb 13 2013, 1:45PM On Wednesday the House Financial Services Committee held a second in a scheduled series of hearings to look into the financial condition of the Federal Housing Administration (FHA).  The sole witness at the hearing titled...

Big money betting big on housing

By Maureen Farrell @CNNMoneyInvest February 4, 2013: 6:52 AM ET The latest sign of a housing boom: investors are clamoring to buy up homebuilding stocks, homes, and undeveloped land. NEW YORK (CNNMoney) Investors are betting big on the housing recovery. Hedge funds...

Housing Affordability Index to Set Annual Record for 2012

Media Contact: Walter Molony / 202-383-1177 / Email WASHINGTON (January 9, 2013) – With 11 months of data reported, 2012 will clearly go down as a record year for favorable housing affordability conditions, and a great year for buyers who could get a mortgage,...

Economy expanded in recent weeks, Fed reports

Economic activity across the United States expanded at either a moderate or modest pace in recent weeks with consumer spending picking up, the Federal Reserve said on Wednesday, suggesting little change in strength of the recovery. The U.S. central bank painted a...

Mortgage Rates Modestly Higher, Some Lenders More Than Others

  by Matthew Graham Jan 16 2013, 2:14PM Mortgage rates were higher on average on Wednesday, though some lenders didn’t move with the rest of the pack.  On one end of the spectrum, a few lenders were unchanged vs yesterday, but the bigger deviations from the...