News

Freddie Mac will be reporting its financial results for the first quarter of 2015 on Tuesday, May 5, according to an announcement from the GSE. The results will be announced before the U.S. financial markets open via a conference call at 9 a.m. Eastern time on Tuesday, May 5.

Financial conditions are improving in the Southern United States, according to a report released by the Office of the Comptroller of the Currency (OCC). The report, which details the performance of national banks and federal savings associations (FSAs), showed that nine states in the OCC’s Southern District showed improvement in 2014. Those states included Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Oklahoma, Tennessee and Texas.

The Mortgage Collaborative, an independent lending cooperative serving small and mid-sized mortgage lenders and community-based lending institutions, has deepened its senior executive team with the addition of two new hires, the Collaborative’s Chairman, John Robbins, CMB announced.

Accurate Group, a leading provider of real estate appraisal, title, and compliance services based in Northeast Ohio, announced that it has made two promising employee acquisitions.

The number of loan servicing, escrow, and payment-related complaints has been relatively stable with the volume of current inventory over the two-year period of 2013 and 2014. As of the end of 2014, the number of such complaints averaged less than one per every 10,000 current loans (0.77).

This week, Freddie Mac released the results of its Quarterly Refinance Analysis for the first quarter of this year, revealing that borrowers lowered their monthly mortgage payment and shortened their long-term payment by taking advantage unexpectedly low mortgage rates. Refinance activity accounted for 63 percent of all single-family originations.

HSBC Bank has asked the Court of Appeals in White Plains, New York, to consider reviving a 2012 lawsuit against Deutsche Bank Structured Products Inc. The 2012 claim alleged that Deutsche misrepresented the quality of residential mortgages it sold to investors in 2006.

Six federal financial regulatory agencies Thursday issued minimum requirements for state registration and supervision of entities that provide appraisal management services to lenders, underwriters, and other principals in the secondary mortgage market.

Despite the HMI’s positive overall outlook, however, the index for single-family housing sales actually dropped by one point over the last quarter, decreasing from 59 to 58. According to the Emrath, this was likely due to a drop in buyer traffic, caused by rough winter weather throughout many parts of the country.

Altisource announced it is launching its Residential Investor One Cooperative, which will help investors gain access to vendors and services in order to build profitable home investment portfolios. The cooperative was created to provide its members with savings and efficiencies when navigating individual residential real estate or larger home portfolios.