First American Financial Corp., a provider of title insurance, settlement services and risk solutions for real estate transactions, recently expanded their ability to license its comprehensive real estate data that includes 99.9 percent of U.S. housing stock and includes more than 5.5 billion recorded document images.
Read More »PHH Mortgage Selects DocMagic to Further Enhance TRID Compliance
DocMagic, a provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, recently announced that PHH Mortgage has signed a multi-year lease to use its products to further enhance TILA-RESPA Integrated Disclosure rule compliance capabilities.
Read More »HUD Awards Housing Groups $38 Million to Battle Housing Discrimination
HUD will award $38,366,909 million to over 100 housing groups across the nation to fight housing discrimination under their Fair Housing Initiatives Program.
Read More »Is Student Loan Debt Affecting Millennial Homeownership Rates?
While student loan debt does play a role in the low homeownership rates among millennials, it does not fully explain why this generation is slow to purchase a home, according to Freddie Mac's monthly Insight & Outlook for September released Wednesday.
Read More »Credit Unions’ Statutory Lending Cap Blocks Underserved Consumers
Credit unions are in a better position to assist underserved consumers, but a lending cap imposed on credit unions by the U.S. Treasury is keeping these institutions from better serving consumers.
Read More »Millennials No Longer the ‘Renter’ Generation
Although millennials have been labeled “the generation of renters,” research shows that this group is more interested in purchasing a home than other generations, but the problem is, they lack financial stability.
Read More »Five Mortgage Lenders Sued for False FHA Claims
The U.S. government has filed a lawsuit against five mortgage lenders and their principals, alleging that they defrauded the government and a number of banks through false Federal Housing Administration claims.
Read More »Existing Home Sales to Pick Up in September; Market Shifts to Buyer’s Favor
Existing home sales had a less than promising performance in August, but Auction.com's Real Estate Nowcast projects that they will pick back up in September. Realtor.com also predicts that lower prices and less competition will shift the housing market from seller's favor to buyer's.
Read More »U.S. Home Prices Post Strong Gains in July, Case-Shiller Shows
Home prices across the country increased again in July 2015, rising 4.7 percent year-over-year compared to a 4.5 percent increase recorded the prior month. according to S&P/Case-Shiller Home Price Indices.
Read More »Mortgage Interest Rates Fall in August
Interest rates on conventional purchase-money mortgages decreased three basis points from 4.02 percent in July to 3.99 percent in August for loans closed at the end of August, according to a index from the Federal Housing Finance Agency.
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