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Study: Distressed Sales Significantly Impact Home Prices 22 Aug 2013 | 05:00 am

The Federal Housing Finance Agency confirmed that distressed sales have had a significant impact on its Home Price Index over the last few years, and in some cases depressed home prices by as much as ...

Report: More than Half of Homes Purchased In Cash 22 Aug 2013 | 05:00 am

More than half of all homes sold last year and so far in 2013 have been all-cash deals financed without a mortgage, according to a study released by Goldman Sachs Group, The Wall Street Journal report...

Blackstone Makes Major Investment in Apartment Properties 22 Aug 2013 | 05:00 am

Private-equity firm Blackstone Group will purchase from General Electric a majority stake in 80 apartment complexes in Atlanta and Dallas and other regions throughout the southeast, The Wall Street Jo...

Connecticut Foreclosure Bill Signed Into Law 22 Aug 2013 | 05:00 am

Connecticut Gov. Dannel Malloy signed into law Aug. 13 a housing bill designed to protect homeowners from foreclosure and streamline the foreclosure mediation process, the Governor’s office announced....

FHFA Requests Input on Reducing Multifamily Lending Volume 22 Aug 2013 | 05:00 am

The Federal Housing Finance Agency has instructed Fannie Mae and Freddie Mac to reduce their volume of multifamily lending by 10 percent in 2014 and has requested public input on the potential market ...

FHA to Revamp Reverse Mortgage Program 22 Aug 2013 | 05:00 am

President Obama signed the Reverse Mortgage Stabilization Act of 2013 Aug. 9, which gives the U.S. Department of Housing and Urban Development the green light to revamp the Federal Housing Administrat...

Winding down Fannie, Freddie Would Take Years 22 Aug 2013 | 05:00 am

House Financial Services Committee Chairman Jeb Hensarling, R-Texas, said that winding down Fannie Mae and Freddie Mac in accordance with proposed legislation would take at least five to seven years, ...

FHA To Make Lenders Pay More for Faulty Loans 22 Aug 2013 | 05:00 am

Lenders may find it increasingly expensive to have the Federal Housing Administration back future loans because the agency is investigating better ways to determine bank liability on loans that defaul...

Agencies Overstate Criminal Charges by 400 Percent 22 Aug 2013 | 05:00 am

The number of criminal defendants who allegedly abused distressed borrowers was overstated by almost 400 percent in data previously reported by the U.S. Department of Housing and Urban Development, th...

NJ Governor Vetoes BPO Legislation, Cites ‘Consumer Confusion’ 22 Aug 2013 | 05:00 am

On Aug. 19, New Jersey Gov. Chris Christie vetoed bill S. 2551, legislation that would have significantly expanded the ability of real estate professionals to provide broker price opinion and comparat...

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