Existing-home sales in October, although still healthy, fell from September’s spike, as home supply remains low, consumers have fewer options to choose from, and affordability issues persist in ...
Read More »Mortgage Servicing Industry Altered by Regulatory Oversight
According to Freddie Mac, in the five year-period between 2008 and 2013, the cost of servicing a performing loan increased 2.6 times (from $59 to $156).
Read More »The MReport Webcast: Monday 11/23/2015
As housing demand and competition among homebuyers rises, they are more compelled to bring a larger down payment to the closing table, which could potentially increase their chances ...
Read More »Senators Introduce Amendment to Spur GSE Reform
“There is overwhelming consensus that congressional action is needed, and it is hard to imagine that anyone would ever want to harm taxpayers and return to the failed model of private gains and public losses.” -Sen. Bob Corker
Read More »The MReport Webcast: Thursday 11/17/2015
Mortgage originations in the housing market rose significantly over the last year thanks to the positive overall credit picture in the U.S., along with a rise in the ...
Read More »House Passes Qualified Mortgage Rule; White House Threatens to Veto
The White House is threatening to veto a bill that calls for more transparency from the Fed as well as another piece of legislation that would allow loans in portfolio to qualify for an exemption under the Consumer Financial Protection Bureau's qualified mortgage rule, which passed in the House on Wednesday.
Read More »The MReport Webcast: Wednesday 11/18/2015
Federal Reserve Chairman Janet Yellen on Tuesday wrote a letter to newly-appointed Speaker of the House Paul Ryan and House Democratic leader Nancy Pelosi urging Congress to reject ...
Read More »Fed Chair Janet Yellen Urges Congress to Dismiss Increased Transparency Bill
“This provision would politicize monetary policy and bring short-term political pressures into the deliberations of the FOMC by putting into place real-time second guessing of policy decisions,” Yellen wrote in the letter. “Such action would undermine the independence of the Federal Reserve and likely lead to an increase in inflation fears and market interest rates, a diminished status of the dollar in global financial markets, and reduced economic and financial stability.”
Read More »The MReport Webcast: Tuesday 11/17/2015
Satisfaction among mortgage customers has improved overall this year as lenders have shifted their focus to developing functional digital channels and improving operational efficiency, according to a study ...
Read More »Delgado Calls Vacant Homes in the U.S. a ‘Community Crisis of a National Proportion’
The Five Star Institute had a strong presence at the 12th Annual National Property Preservation Conference, which began Monday in Washington, D.C. Five Star President and CEO Ed Delgado presented the opening remarks for the event on Monday morning and moderated two panel discussions on Monday, a State of the Industry discussion and a panel focused on Transforming Blighted Communities.
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