Financial markets have stopped their hysterics for now, so let’s get some other things straight. Things about mortgage and other credit. Simple things. FDR’s first fireside chat in 1933 was devoted to simple explanations of banking. The next day Will Rogers said the president’s words were so simple that “even the bankers understood.”   Analysis Read More

Regulators who oversee Fannie Mae, Freddie Mac and the Federal Housing Administration are telling mortgage lenders that they’re ready to cut them some slack, and mortgage lenders say they’re ready to run with the ball. Speaking at the Mortgage Bankers Association’s annual convention, Mel Watt — who runs Fannie and Freddie’s regulator, the Federal Housing Read More

Lending institutions initiated formal foreclosure proceedings last quarter on the lowest number of California homes in more than eight years, a CoreLogic DataQuick report said. This is the result of a recovering real estate market and the shrinking pool of toxic homes made in 2006 and 2007, the report added. There was a total of Read More