According to the National Association of Realtors (NAR) recent press release, existing-home sales declined in April in all major regions except for the Midwest, but remained above an annual sales pace of five million for the second straight month.
Read More »FHFA Issues New Seller, Servicer Eligibility Requirements
The Federal Housing Finance Agency (FHFA) recently announced in a news release that Fannie Mae and Freddie Mac will issue new operational and financial eligibility requirements for all current and potential single-family mortgage sellers and servicers.
Read More »New TRID Rule Will Increase Risk of Losses for RMBS
Moody’s Investors Service released a report called, “New TILA-RESPA Rule Will Heighten Possibility of Losses in US RMBS for Rule Violations” revealing that initial challenges for lenders to implement and comply with the new TILA-RESPA Integrated Disclosure (TRID) rule, along with the potential high costs of lenders who do not comply, raise the risk of losses for residential mortgage-backed security (RMBS) trusts.
Read More »Retail Market Outlook Shows Positive Results Looking Ahead
Auction.com, LLC, recently released its Retail Market Outlook, which offers analysis on market metrics, provided vacancy and rent projections, and reveals the top markets in which to buy and sell retail assets in 2015.
Read More »Federal Open Market Committee and Federal Reserve: June Interest Rates Not Likely to Increase
In a combined session of the Federal Open Market Committee (FOMC) and the Board of Governors of the Federal Reserve System, the manager of the System Open Market Account (SOMA), a meeting was held today to discuss domestic and foreign financial market developments and the Federal Reserve’s Balance Sheet.
Read More »IPO Set at $441 Million for Black Knight Financial Services
An initial public offering (IPO) of 18 million shares of Class A common stock from Black Knight Financial Services, a Jacksonville, Florida-based technology, data and analytics solutions provider for the mortgage industry, debuted Wednesday morning at the New York Stock Exchange.
Read More »Single-Family Home Size Increases in Q1
Data from the Census Quarterly Starts and Completions by Purpose and Design and National Association of Home Builders (NAHB) analysis found that median single-family square floor area increased from 2,445 in Q4 2014 to 2,521 square feet in Q1 2015.
Read More »Stewart Introduces Due Diligence Suite
This week, Stewart Lender Services, announced the creation of a Due Diligence Solution Suite, created though the integration of several services. This included enhancements to their Due Diligence System (DDS).
Read More »Lawsuits Against U.S. Bancorp and Bank of America Dismissed
A federal judge dismissed claims in lawsuits against U.S. Bancorp and Bank of America accusing the two banks of failing in their duties as trustees for residential mortgage-backed securities that were allegedly found to have defects after they were sold, causing billions of dollars in losses to investors.
Read More »IDS Achieves Four out of Five TRID Milestones
As preparations continue across the industry for the impending August 1 TILA/RESPA Integrated Disclosures (TRID) deadline, International Document Services, Inc. (IDS) announced it has achieved four of its five major development milestones for TRID implementation.
Read More »