Over the course of the first and second quarters, mortgage credit availability has gone down slightly, according to a recent report. Mostly driven by market composition, the report notes government channels are losing more share due to tighter lending standards.
Read More »Ginnie Mae and VA Create Refinance Loan Task Force
Ginnie Mae and the Department of Veterans Affairs (VA) recently announced the shaping of the “Joint Ginnie Mae – VA Refinance Loan Task Force,” in an effort to ...
Read More »HSBC Announces Group CEO Successor
On Thursday, HSBC Holdings announced that John Flint, Chief Executive of Retail Banking and Wealth Management, is set to succeed Stuart Gulliver as Executive Director and Group Chief ...
Read More »California Wildfires: Billions in Housing Damages Estimated
As California’s raging wildfires continue to move, CoreLogic released a hazard risk analysis discovering the total number of homes at risk, along with the combined reconstruction cost values, which could result in about $65 billion.
Read More »How Risky are ARMs?
The U.S housing market focuses on the stability of the 30-year-fixed-rate mortgage, but what if adjustable-rate mortgages were more secure for the current state of economic uncertainty? In ...
Read More »Consumer Confidence on the Rise
On Monday, Fannie Mae’s Home Purchase Sentiment Index (HPSI), which highlights consumers’ current views and forward-looking expectations of housing market conditions, was released. The index revealed an increase in ...
Read More »Cyprexx Expands InvisiBoard Offerings
Brandon, Florida based Cyprexx Services, LLC has launched new, more cost effective sheet sizes of its InvisiBoard polycarbonate in addition to providing select InvisiBoard products on Amazon.
Read More »New York City Delinquencies Show Record Rise in Q3 2017
New York City first-start foreclosures are up a record 79 percent year-over-year, with all five boroughs posting increases. Still, they are down from Q2 2017 by 6 percent, ...
Read More »First American Mortgage Solutions Named Vendor for Fannie Mae’s Day 1 Certainty Program
First American Mortgage Solutions, LLC, recently announced it is one of a few vendors able to offer data verification for all three components of Fannie Mae’s Desktop Underwriter ...
Read More »HLP Announces New Addition to its Board of Directors
HLP, a collaborative created in 2009 that engages the key stakeholders who work with families on homeownership—nonprofit counselors, advocates, mortgage lenders, servicers and investors, attorneys and government agencies, ...
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