News

Clayton Holdings LLC, a provider of loan due diligence, surveillance, REO management, and consulting services to the mortgage industry, recently welcomed Andrew Pollock as senior managing director of Clayton Consulting Services.

The traditional mortgage lending days are nearly over. Technology is taking the industry by storm with new innovations that are moving mortgage lending closer to a completely online process.

All-cash transactions comprised nearly 31 percent of all single-family residential home sales nationwide in July 2015, marking a decline of more than three full percentage points year-over-year, according to CoreLogic cash sales data released on Friday.

As consumers purchase more homes, remain current on mortgage payments thanks to low rates, and employment continues to grow, the housing market continues to show improvement.

Members of the National Appraisal Congress, a Five Star Institute Membership Group that advocates and develops sustainable solutions for the residential valuations industry, recently met with members of Congress and appraisal regulators to deliver a comprehensive solution for training the next generation of appraisers while removing existing inefficiencies from the process.

Millennials often face many obstacles when trying to purchase a home such as financial hardships and the inability to afford the down payment, a task that is much more difficult for them compared to their predecessors.

Although HUD's has been instrumental in fighting housing discrimination and poverty, it has failed to meet its original goal to “not only to relieve the symptom of poverty but to cure it and, above all, to prevent it," President Lyndon Johnson said.

Approximately three-quarters of mortgage industry professionals believe that today’s regulatory environment prevents them from lending to creditworthy borrowers.

Wells Fargo recently announced that the company has cut nearly 500 mortgage employees for housing market-related changes.

Home prices appear to be losing some of their spark, slowing down to a marginal increase of 0.3 percent on a seasonally adjusted basis in August compared to last month.