Real house prices have jumped significantly over the past year, rising more than 8 percent since January 2016. According to First American, these pricing jumps coupled with low inventory spell a seller’s market for spring. “Despite the monthly increase in affordability and continued strong wage growth, homes are less affordable across the country compared to a year ago,” said First American Chief Economist Mark Fleming.
Read More »SPS Comes in No. 1 for RMBS
The latest Fitch Servicer Handbook ranks Select Portfolio Servicing No. 1 in the nation’s non-agency RMBS market, bumping Ocwen and Nationstar down to No. 2 and 3, respectively. Fitch called SPS a “notable anomaly” in the market.
Read More »Americans Flock to Warmer ‘Burbs
Analyses of new Census data show populations are shifting out of the big cities and the Rust Belt and into the Sun Belt suburbs. According to the data, the fastest population growth in the last 30 years has been in Arizona, California, Colorado, Florida, Georgia, Nevada, North Carolina, South Carolina, and Texas. Detroit saw the largest decrease in population with a drop of nearly 20 percent.
Read More »Fitch Gives Ocwen ‘Stable’ Rating
Amidst regulatory settlements, Fitch Ratings deems Ocwen mortgage products stable.
Read More »Morgan Stanley Questions Early Rate-hike Signals
Announcing forthcoming rate hikes too early could actually constrain the market, a top Morgan Stanley strategist said.
Read More »Caliber Acquires Banc of California Mortgage Division
Caliber Home Loans has purchased the home loan division of Banc of California, as well as the bank’s $3.8 billion in unpaid balances.
Read More »New Jersey, Blue States Have Most Property Taxes
New Jersey residents pay the most property taxes in the nation, according to a report released by WalletHub this morning. The 2017 Property Taxes by State Report revealed that New Jersey ($4,189 on a $179,000 home), Illinois ($4,105), New Hampshire ...
Read More »CFPB Mortgage Complaints Hold Steady
According to the CFPB’s recent monthly report, mortgage-related complaints are stagnant—though they’re still one of the most complained-about financial products in the country.
Read More »2017 Market Primed for Rental Investments
The market is primed for rental investors this year, as a recent report from RentRange reveals slowing rent growth and low vacancies across the country.
Read More »Distressed, Cash Sales Near Pre-crisis Numbers
According to a recently released CoreLogic report, distressed and cash sales may reach their pre-crisis levels by the end of 2017.
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