Foreclosure petitions increased year-over-year in Massachusetts for the seventh consecutive month in September, according to the Warren Group, publisher of Banker & Tradesman.
Read More »Investor Voluntarily Drops One of Two Lawsuits Over GSE Profits
Pershing Square Capital Management CEO William A. Ackman filed a voluntary notice of dismissal in the U.S. District Court for one of his company's lawsuits against the federal government over the sweeping of GSE profits into the U.S. Department of Treasury.
Read More »DLS Announces Launch of Product Aimed at Assisting New FHA Servicers
Michigan-based default mortgaging services consulting and loss mitigation outsource services provider DLS Servicing Consultants has announced the launch of a new product aimed at new Federal Housing Administration (FHA) servicers.
Read More »Report: Non-Mortgage Debt Dragging Homeownership Even With Lower Down Payment
While lowering the down payment on a mortgage may clear one major hurdle to homeownership, a report released by RealtyTrac Tuesday revealed that a monthly mortgage payment is affordable to those with non-mortgage debt in less than half of the counties in the U.S.
Read More »Five Star Institute’s Delgado Delivers Remarks at NF Charity Golf Tournament
In a continuation of its philanthropic efforts, The Five Star Institute, along with Dimont & Associates, Auction.com, and others, participated as a tournament sponsor for the Texas Neurofibromatosis (NF) Foundation's Texas NF Golf Classic, which took place Monday, November 3, at the picturesque Four Seasons Resort and Club in Irving.
Read More »GSEs Name CEO of Company Created to Operate Common Securitization Platform
Government-Sponsored Enterprises Fannie Mae and Freddie Mac have jointly announced that David M. Applegate will be the first CEO of Common Securitization Solutions (CSS), which was created by the GSEs to operate a new secondary mortgage market infrastructure, Common Securitization Platform (CSP).
Read More »Fannie Mae’s Book of Business Ends 10 Straight Months of Decline
Fannie Mae's Book of Business ended 10 consecutive months of declining when it posted a compound annualized rate increase of 1.5 percent in September, according to Fannie Mae's September 2014 Monthly Summary.
Read More »Five States Account for 44 Percent of 12-Month Foreclosure Sum in September
Just as they did in August, the same five states accounted for nearly half of all completed foreclosures in the U.S. for the previous 12-month period, according to CoreLogic's September 2014 National Foreclosure Report released last week.
Read More »President, Fed Chair to Meet One-On-One To Discuss Economy
President Barack Obama and Federal Reserve chair Janet Yellen are scheduled to meet one-on-one on Monday, November 3, according to a White House official.
Read More »Survey: Americans Say Student Loan Debt Burden Delays Homeownership
A recent survey commissioned by NeighborWorks America, a Washington, D.C.-based non-profit community development corporation, revealed that nearly one out of four Americans knows someone who has delayed buying a home because of student loan debt.
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