Moody's Investors Service recently released a rating action report revealing that it has downgraded the ratings of three tranches issued from Fannie Mae REMIC Trust 2001-W3.
Read More »First American Title Releases New TRID Tool Kit for Title Agents
First American Title Insurance Company, a provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation has launched its TILA-RESPA Integrated Disclosure (TRID) Tool Kit for First American-affiliated title agents.
Read More »Morgan Stanley: Increased Interest Rates on Track to Occur Later This Year
Morgan Stanley recently released a report discussing the minutes from the April 28-29 Federal Reserve Open Market Committee (FOMC) meeting titled, “FOMC: Resolve Stirred, Not Shaken” written by Ellen Zentner, chief U.S. economist at Morgan Stanley.
Read More »First-Time Buyer Index Reveals Mortgage Loans Are Getting Riskier
The April 2015 First-Time Buyer Mortgage Risk Index (FBMRI) for Agency loans increased by nearly a full percentage point year-over-year up to 15.28 percent, indicating that those mortgage loans are moving deeper into the high-risk category, according to data released this week by the American Enterprise Institute (AEI)'s International Center on Housing Risk.
Read More »April’s New Residential Sales Show Continued Improvement in Housing Market
According to jointly released estimates by HUD and the U.S. Census Bureau, sales of new single-family houses in April 2015 increased 6.8 percent from last month to a seasonally adjusted annual rate of 517,000 units. The March rate was 484,000 units and is 26.1 percent above the estimate of 410,000 for April 2014.
Read More »Auction.com adds Former LinkedIn, Yahoo! Engineer to Roster
California-based online real estate marketplace, Auction.com, has announced the addition of former LinkedIn and Yahoo! Engineer Lawrence Yuan as senior director of engineering.
Read More »FHFA and Case-Shiller Record Increasing Home Prices in Index Reports
According to the Federal Housing Finance Agency’s (FHFA) quarterly House Price Index (HPI), U.S. house prices increased 1.3 percent in Q1 2015. The S&P/Case-Shiller Home Price Indices also indicated in their monthly report that home prices continued rise for March 2015.
Read More »Credit Plus Adds Colleen Knapp to Sales Team
Credit Plus Inc., a provider of intelligent insight for mortgage professionals based in Salisbury, Maryland, has announced in a press release that Colleen Knapp will be joining their sales team as SVP, national product specialist.
Read More »Desmond P. Smith Appointed Head of Sales at Capital One Home Loans
Capital One Financial Corporation has chosen Desmond P. Smith to be the company’s new head of sales for Capital One Home Loans based in New York City, according to a press release. His new role will consist of building a mortgage sales team throughout the company’s branch footprint.
Read More »Majority of Hottest New Home Sales Markets are Located in the South
Using two both new home sales figures and new home sales share, CoreLogic determined that eight out of the 10 hottest markets for new home sales are located in the South, let by Nashville, Tennessee, at 17 percent year-over-year growth.
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