The Federal Housing Fiance Agency issued an update to their Common Securitization Platform on Tuesday outlining the progress that as been made in developing a new infrastructure for the securitization of single-family mortgages by Fannie Mae and Freddie Mac.
Read More »Housing Market Will Adjust if Fed Raises Rates, Economist Says
As the Federal Reserve prepares to convene for their September 17th meeting, many wonder how a possible rate increase will affect the housing market.
Read More »2015 Five Star Conference to Kick Off Wednesday in Dallas
The best in the real estate and mortgage servicing industries will come together for the preeminent business growth and educational opportunity this week at the 12th Annual Five Star Conference and Expo, taking place September 16 to 18 at the Hilton Anatole Hotel in Dallas, Texas. This year's conference will include a keynote address from former FDIC Chairman Sheila Bair, a performance from country music star Wynonna Judd, an appearance from Dallas Cowboys quarterback Tony Romo, seven Five Star Labs (including the all-new Single-Family Rental Lab) presented by experts in the real estate and mortgage industries from all over the country, and endless networking opportunities.
Read More »Homeless Student Numbers Reach a Record 1.36 Million
The number of homeless children in the U.S. public school system has doubled since before the recession, reaching a record total of 1.36 million in the 2013-2014 school year.
Read More »Overvalued Housing Markets Double in Q2
The number of overvalued housing markets in the second quarter of 2015 doubled from the first quarter to reach 14, according to CoreLogic’s Market Condition Indicators.
Read More »Ocwen’s Ratings Revised from ‘Stable’ to ‘Positive’
Ocwen Loan Servicing, LLC recently received an upgrade in their rating outlook from stable to positive due to stronger risk management framework and management oversight, according to a Servicer Report from Fitch Ratings.
Read More »FHA & Fannie Mae Programs Open Credit to Borrowers
The Federal Housing Administration and Fannie Mae recently launched programs that are designed to open credit to borrowers who would not be able to obtain a mortgage loan under normal circumstances.
Read More »FHA Tightens Loan Requirements & Revises Policies
The Federal Housing Administration (FHA) is preparing to tighten their loan requirements, which will make obtaining an FHA loan more difficult.
Read More »Investors Shift to New Homes for Rental Properties
There is a housing shift occurring in the investment market. During the housing crash, big investors stocked up on thousands of foreclosed properties for single family rentals with intentions of selling them when home prices recovered. But they didn’t.
Read More »Evans Bank Settles ‘Redlining’ Suit With New York
Financial holding company Evans Bancorp, Inc., recently announced a settlement agreement has been reached with the New York State Attorney General for alleged discriminatory mortgage practices.
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