Headlines

The U.S. House of Representatives voted on Thursday to pass an amendment eliminating the use of guarantee fees on mortgages backed by Fannie Mae and Freddie Mac to fund a controversial $47 billion transportation bill known as H.R. 22, or the Developing a Reliable and Innovative Vision for the Economy Act.

Eased credit access is allowing more people to be eligible for mortgage loans, especially among middle-income blacks and Hispanics, but despite the uptick, they still lag behind in the housing market recovery.

CoreLogic, a global property information, analytics, and data-enabled services provider, recently announced that it has come out with their Insights App, a mobile app designed to enhance user perspective on U.S. and international property markets.

Two days after fellow GSE Freddie Mac reported a net loss of $475 million for Q3, Fannie Mae reported a net income of $2 billion for the third quarter and a comprehensive income of $2.2 billion.

Mortgage originations are soaring but bank's are not reflecting this rise in their portfolios, which are suffering from new tax policies, fluctuating interest rates, and regulatory changes in mortgage lending.

The House Financial Services Committee on Wednesday announced the passage of several bills aimed at directed at improving transparency and accountability of the Financial Stability Oversight Council, an agency created out of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

Federal Reserve Chair Janet L. Yellen testified before the House Financial Services Committee Wednesday morning to discuss supervision and regulation among U.S. financial institutions, but the looming interest rate hike was the subject no one could resist touching on.

Stewart Title Limited, underwriter for UK, European, and Australian property transactions for Stewart Information Services Corp., recently announced that it has partnered with Property Exchange Australia Limited.

VRM Mortgage Services, an outsourcing solutions provider for residential and commercial assets, recently announced that it has awarded a $10,000 grant to U.S. Air Force veteran Darryl Lal through the Asian Real Estate Association of America’s Education Foundation.

Freddie Mac reported a net loss of $475 million for Q3 2015 in its 10-Q filing with the Securities and Exchange Commission on Tuesday, the first time the GSE has reported a quarterly net loss in four years.