How to be prepared for a home emergency, single-family loan delinquencies on the rise (and why), Fannie looking to break up the force-placed market, and more in today's industry news round-up!
FDIC Reports Profit of $35.3B, Problem Institutions Decline l DSNews.com
FDIC-insured banks and savings institutions reported a total profit of $35.3 billion in the first quarter of 2012, a $6.6 billion increase from the $28.8 billion net income reported in the 2011 first quarter. The increase marks the 11th consecutive quarter of year-over-year gains.
Be prepared for any home emergency l CNN Money
Sometimes disaster strikes, despite your best efforts to prevent it. And that means you should always be ready for the unexpected.
Fannie CEO Search Down to Two l Wall Street Journal
Fannie narrowed its search for a new chief executive to two finalists and could soon offer the position to Timothy Mayopoulos, the mortgage-finance company's general counsel and lead candidate.
Regulatory Scrutiny Pushes up Delinquency Rates on Single-Family Loans l Origination News
Credit quality improved in all major loan categories at commercial banks, savings banks and thrifts, except for single-family loans.
Fannie Seeks to Break up Force-Placed Market, Document Shows l American Banker
A copy of Fannie's March request for proposals shows the GSE wants to cut out banks, buy insurance and administrative services separately, and scrutinize prices in ways insurance regulators haven't.
Senate Passes Short Term Flood Extension l Origination News
The Senate late this week passed a 60-day extension of the flood insurance program, preventing a shutdown of coverage by the beginning of June.
Western Region Report: Las Vegas market remains mystery l The Title Report
The Title Report has teamed with DataQuick to provide a monthly Western Region Report, which will look at the housing trends among six Western regions in DataQuick’s database, and report which title companies gained the most market share in that timeframe. This month features the up and down market of Las Vegas.
Future of U.S. housing markets depends largely on echo boomers l The Title Report
The next two decades in housing markets depends largely on the echo boomers. That's according to panelists at the "Shifting Demographics and Housing Choice: A Whole New World?" session during the Realtors 2012 Midyear Legislative Meetings & Trade Expo.