Clayton Holdings LLC, recently announced the hiring of Mark Hughes as EVP of sales and marketing. The company provides of loan due diligence, surveillance, REO management, and consulting services to the mortgage industry.
Read More »FHFA Establishes GSEs’ Conforming Loan Limits for 2016
The Federal Housing Finance Agency announced Wednesday that Freddie Mac and Fannie Mae's maximum conforming loan limits will be largely unchanged in 2016, except some higher-priced counties.
Read More »U.S. Home Prices Jump in Q3
Home prices nationwide rose 1.3 percent in the third quarter due to historically low interest rates, tight inventories, confident buyers, and higher incomes.
Read More »Zillow Joins Google on Mortgage Shopping Platform
Zillow Group recently announced that the company has joined the Google Compare for Mortgages platform to offer consumers a heightened mortgage shopping experience.
Read More »HARP Refinances Plunge in Q3
According to the Federal Housing Finance Agency third quarter Refinance Report, a total of 25,824 HARP refinances were completed between July and September, down from the 31,561 refinances completed from April to June.
Read More »CFPB Complaints About Ocwen Decline, While Nationstar’s Rise
Mortgages were most complained about at Ocwen and Nationstar Mortgage, but Ocwen's complaints have fallen 16 percent overall from in the last three months, while Nationstar's complaints rose 11 percent.
Read More »Mortgage Loan Application Defects Driven Lower by Ability-to-Pay Rules
Mortgage loan application defects are becoming less prevalent in the housing market as the Ability-to-Pay rules are reducing fraud risk related to income, while misrepresented income is more likely to be caught on a loan application.
Read More »Mortgage Interest Rates Fall in October With No Help From the Fed
The Federal Housing Finance Agency announced Tuesday that interest rates on conventional purchase-money mortgages fell even further below 4 percent in October.
Read More »Home Prices Rising Twice as Fast as Inflation
Home prices rose 4.9 percent over the last 12 months in September 2015, up from the 4.6 percent increase in August 2015, according to the S&P/Case-Shiller Home Price Indices released Tuesday.
Read More »Cash Sales Share Set to Reach Pre-Crisis Level by 2017
Before the crisis, cash sales averaged about one-fourth of all home sales, and at this rate, CoreLogic projects that this share should hit 25 percent once again by mid-2017.
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