At this year's Federal Home Loan Banks (FHLBanks) directors' conference, speaker FHFA Director Melvin L. Watt, delivered a speech regarding the past year of positive developments that occurred in these 12 banks.
Read More »Renting vs. Buying: HOA Fees May Make Renting More Appealing than Buying
Recent results from Trulia’s Rent vs. Buy Report reveals that purchasing a home with a traditional 30-year mortgage and 20 percent down payment is cheaper than renting, but additional fees from the homeowner association (HOA) can make renting seem more appealing especially for New York and Honolulu residents whose HOA fees are considerably higher.
Read More »Quicken Study Shows Division Between Appraiser and Homeowner Estimates
A new Quicken Loans study reveals that appraiser home value opinions fell below homeowner estimates in April according to the company’s Home Price Perception Index (HPPI). Quicken Loans is the nation’s second largest retail mortgage lender.
Read More »HFPC Panel Addresses Servicing Hot-Topics
Mortgage service regulations have not yet fully caught up with significant industry changes over the past five years, according to an Urban Wire blog post by the Urban Institute and author Karan Kaul.
Read More »Study Shows Millennials Pose Less Credit Risk than Gen Xers or Boomers
Millennials, which are viewed by many analysts as the key to driving the housing market recovery, are actively seeking credit but largely being denied, according to a white paper released Tuesday by ID Analytics titled "Millennials: High Risk or Untapped Opportunity?"
Read More »Goldman Sachs to Pay Australian Bank $100 Million
Goldman Sachs has been ordered by arbitrators to pay approximately $100 million to National Australia Bank (NAB) for a "conflict of interest" regarding mortgage-backed securities sales in the run-up to the mortgage meltdown, according to media reports.
Read More »CFPB and HUD Secretary Castro Address Housing Choice Voucher Program
The Consumer Financial Protection Bureau (CFPB) recently issued a bulletin to help mortgage lenders evade illegal discrimination against applicants that include vouchers from the Section 8 Housing Choice Voucher (HCV) Homeownership Program in their income when applying for a mortgage loan. This type of discrimination may violate federal fair lending protections.
Read More »Aspen Grove Solutions Adds Guardian Asset Management to Client List
Property-centric technology solutions provider Aspen Grove Solutions (AGS), based in Frederick, Maryland, has announced the addition of Levittown, Pennsylvania-based property preservation and repair company Guardian Asset Management has been added to AGS' list of clients.
Read More »DocMagic’s eSign Program Reaches 100 Million Milestone
DocMagic announced in a recent press release that its eSign platforms have reached more than 100 million mortgage-related eSignatures. DocMagic provides compliant loan document preparation services, compliance, eSign, and eDelivery solutions.
Read More »Metro Home Prices Increase for Q1 in NAR Report
According to the latest quarterly report by the National Association of Realtors (NAR), home prices have increased in the majority of metro areas included for Q1 2015. A high demand for housing along with low inventory levels caused prices to go up significantly and areas that experienced double-digit price appreciation doubled compared to last quarter.
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