Despite yesterday's report that home builders' confidence was down, they have certainly been busy with new construction in November 2015.
Read More »Mortgage Fraudsters Ease Up in Q2
As interest rates continue to lower and home values rise, mortgage fraud application risk has fallen 8.9 percent from the second quarter of 2014 to the second quarter of 2015, according to CoreLogic's October 2015 Mortgage Fraud Report. The Mortgage Application Fraud Risk Index showed that approximately 12,814 of mortgage applications, or 0.67 percent, contained fraud in the second quarter of 2015.
Read More »CFPB Complaint Report Finds Loan Mod Issues; Mortgage Credit Access Expands to Rural Areas
Ambiguity and/or delays in the loan modification process were a frequent subject of the monthly complaints report and mortgage credit access will be expanded to rural areas.
Read More »FHFA to Implement Common Securitization Platform at Freddie Mac First
The Federal Housing Fiance Agency issued an update to their Common Securitization Platform on Tuesday outlining the progress that as been made in developing a new infrastructure for the securitization of single-family mortgages by Fannie Mae and Freddie Mac.
Read More »U.S. Home Prices Closer to Pre-Crisis Peak
Black Knight Financial Services' Data and Analytics division released its June 2015 Home Price Index report, finding that U.S. home prices were up 0.9 percent for the month, and have gained 5.1 percent year-over-year.
Read More »U.S. Treasury Yields Elevated by Positive Housing Data
According to NASDAQ Dow Jones Business News, a positive housing data report raised U.S. Treasury yields on Tuesday.
Read More »Housing Markets Expected to be Affected by Aging Population
The aging baby boomer population is something that is expected to affect both single family and multifamily housing markets, David Brickman, EVP of multifamily business at Freddie Mac explains in an executive perspective post.
Read More »Caliber Home Loans Hires Branch Manager & Sales Manager in Washington
Caliber Home Loans, Inc., recently announced that Mike Homberg and Scott Berngartt have joined the company as branch manager and sales manager, respectively.
Read More »Fed Survey Finds Mortgage Demand Picks Up; Credit Also Loosening
Banks reported stronger demand for mortgage loans and eased lending standards in a number of categories, suggesting positive growth in the second half of the year, according to the Federal Reserve July 2015 Senior Loan Officer Opinion Survey on Bank Lending Practices.
Read More »RoundPoint’s Rating Outlooks Revised from ‘Stable’ to ‘Negative’
Fitch Ratings confirmed that borrower-focused company, RoundPoint Mortgage Servicing Corporation's residential mortgage servicer ratings have been adjusted. Fitch determined that RoundPoint's U.S. residential primary servicer rating for subprime product is 'RPS3+' and the U.S. residential special servicer rating is 'RSS3+'. In addition, the rating outlooks have been revised to 'negative' from 'stable.'
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