Ocwen Financial Corporation, a leading financial services holding company, recently announced that the company will close its residential servicing operations at its Houston facility.
Read More »AD&C Loans Expand for the First Quarter
In the National Association of Home Builder’s (NAHB) Eye on Housing blog, Robert Dietz, VP for tax and market analysis, found that the volume of residential AD&C loans outstanding expanded 4.8 percent during the first quarter of 2015. This will mark the 8th consecutive quarter of growth.
Read More »Citadel Servicing Begins Using USRES Valuation Services
U.S. Real Estate Services (USRES), a nationwide appraisal management company (AMC) headquartered in Lake Forest, California, has announced that Citadel Servicing Corporation (CSC) is using its origination broker price opinion (BPO) services, according to an announcement from USRES.
Read More »Newbold Advisors Hires Managing Director of Financial Services
Newbold Advisors, a Clearwater, Florida-based management consulting company that serves lenders, servicers, GSEs, MI companies, investment banks, and private investors in the financial industry, has announced the hiring of Detta Cutright as managing director of financial services as part of a continued, strategic growth strategy.
Read More »Financial Prospects Gain Optimism for Future, Fed Survey says
Individuals' optimism regarding future financial prospects increased substantially from 2013 to 2014, while perceptions of current financial well-being improved only modestly, according to a survey conducted by the Federal Reserve released Wednesday. The Fed's 2014 Survey of Household Economics and Decisionmaking, which was completed by about 5,800 individuals last fall to provide insight into various aspects of Americans' personal finances such as economic security, banking, credit access and usage, housing, household debt (including education and student loan debt), savings, and preparedness for retirement.
Read More »Survey Finds that Homebuyers Want Confidence in Credit Scores
According to a recent survey from Experian Consumer Services, 95 percent of homebuyers are aware that credit scores play a significant role when purchasing a home, and those who know their credit scores feel more prepared to buy. In addition, 45 percent of future homebuyers say they put off buying a home in order to work on their credit so that they can qualify for better interest rates.
Read More »Strong Buyer Demand Driving Nearly 80 Percent of Top 100 U.S. Housing Markets
The Multi-Indicator Market Index (MiMi) released monthly by Freddie Mac, revealed today that the housing market is continuing to stabilize with the most improving metro markets seeing stronger demand for home sales for the spring homebuying season.
Read More »Jim Leath Joins Altisource as VP of Enterprise Sales and Business Development
Altisource Portfolio Solutions S.A. recently announced in a press release. that Jim Leath has joined the company as the VP of enterprise sales and business development for all of the company’s services. Altisource provides mortgage, financial, and technology services for the real estate industry. They also provide marketplace and transaction solutions for the real estate, mortgage, and consumer debt industries offering both distribution and content.
Read More »Salary Needed to Afford a Median-Priced Home in 27 Metro Areas
The salary consumers need to purchase a home varies from city-to-city across the country, but San Francisco remains the most unaffordable city all consumers except those with high salaries, according to a recent HSH.com survey.
Read More »MCS Valuations Selects Rebecca English to be Assistant VP of Operations
MCS Valuations, LLC (MCSV), a nationwide provider of appraisals, broker price opinions, and other valuation-related products to the financial services industry, has named Rebecca English assistant VP of operations in Sandy, Utah, according to a recent press release.
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