Dan Kenshalo has joined Black Knight Financial Services as the head of the Data & Analytics division’s Innovation Laboratory, the company announced.
Read More »LoanLogics Introduces Time-Saving Signature Audit Tool
Pennsylvania-based loan risk management firm LoanLogics has announced the introduction of a new signature examination tool that will make it easier to audit signatures contained in loan documents.
Read More »Report Examines Seriously Underwater Rate by Loan Vintage
The highest percentage of residential mortgage loans that were seriously underwater in the third quarter were originated during the housing bubble between 2004 and 2008, according to RealtyTrac's U.S. Home Equity & Underwater Report for Q3 2014. The number of Q3's seriously underwater mortgages that were originated in the years following 2006 has declined steadily, though it has ticked back up in the last two years.
Read More »Mortgage Fraud Risk Continues to Climb
CoreLogic's latest Mortgage Fraud Report, released Tuesday, shows a 3.2 percent year-over-year increase in fraud risk among mortgages in the United States in the second quarter of 2014, as measured by the company's Mortgage Application Fraud Risk Index. The report also showed that in Q2 2014, mortgage applications representing approximately $3.3 billion in mortgage debt contained elements of fraud or serious misrepresentation.
Read More »Housing Industry Collaborates to Create CFPB Complaint Tracking Report
The CFPB Complaint Tracking Report, produced by Black Knight, will incorporate data contributed by both servicers and CFPB. Dori Daganhardt, VP of product marketing and market strategy at Black Knight, said she expects the report to help level the playing field in terms of transparency and education. She said the servicers and regulators will work together to determine the level of granularity contained in the report.
Read More »Consumer Confidence Rebounds in October
The Conference Board's Consumer Confidence Index, which fell to a revised reading of 89 in September, surged back up to 94.5 in the group's latest report. The recovery came mostly from a spike in the consumer expectations component, which jumped nearly nine points to 95, the Conference Board reported. The Present Situation Index, meanwhile, edged up to 93.7 from 93 in September.
Read More »Report Measures Housing Concerns Among Red, Blue Markets
A recent study conducted by Trulia shows that while Democratic- and Republican-leaning U.S. markets were affected similarly by the housing crisis, the most pressing current issues of the housing industry seem to be more severely affecting Democratic-leaning metros.
Read More »Freddie Mac’s Portfolio Grows in September
According to the company's volume summary, Freddie Mac's total portfolio grew last month at an annualized rate of 2.2 percent, bringing the year-to-date average growth rate to -1.1 percent. The only other time the portfolio came up positive this year was in July, when it expanded at a rate of just 0.1 percent.
Read More »U.S. Homeownership Sinks to 64.4%
According to a report from the U.S. Census Bureau, the homeownership rate last quarter fell to 64.4 percent, down 0.3 percentage points from Q2 and nearly a full percentage point from the same quarter last year. The last time homeownership in the country was this low was in the first quarter of 1995.
Read More »SWBC Launches SWBC Lending Solutions
Out of San Antonio, diversified financial services firm SWBC announced the launch of SWBC Lending Solutions, a new provider of end-to-end offerings for the financial services industry.
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