Google+
  • Ocwen10.70-0.12 -1.11%
  • Zillow76.91-2.64 -3.32%
  • Trulia+0 +0%
  • NationStar17.89-0.03 -0.17%
  • CoreLogic39.10-1.31 -3.24%
  • RE/MAX38.55+0.02 +0.05%
  • Fannie Mae2.41-0.13 -5.12%
  • Freddie Mac2.34-0.09 -3.70%
  • Wells Fargo57.59-0.19 -0.33%
  • CitiMortgage57.96-0.74 -1.26%
  • Bank of America17.67-0.23 -1.28%
  • Fidelity National Financial38.95-0.03 -0.08%
  • First American39.66-0.62 -1.54%
  • AUDUSD=X0.7313+0.0045 +0.6247%
  • USDJPY=X123.7650+0.5050 +0.4097%
  • WP Stock Ticker
Home | Author Archives: Scott Morgan

Nationwide Title Clearing Offers Auditing Consistency Webinar

computer

*+-Nationwide Title Clearing, a research, audit, and document processing provider to top financial institutions and investors in the residential mortgage industry, will conduct a free webinar on Thursday, July 23, from 2 to 3 p.m. Central time to highlight the importance of consistency in third-party oversight and audits.

Read More »

S&P and Experian Data Shows Default Rates Hit New Lows in May

declining

*+-Recently released data from S&P Dow Jones Indices and Experian shows that default rates across the country and across the financial spectrum aren’t just on a steady decline, they hit new lows in May. According to the S&P/Experian Consumer Credit Default Indices, four of the five cities the companies studied through May reported declines in default rates for the second straight month.

Read More »

Distressed Sales Fall to Eight-Year Low

bank-owned-five

*+-Pre-crisis, distressed sales usually hovered around 2 percent, the report stated. CoreLogic expects the numbers to return to this mark by mid-2017, a claim bolstered by the ongoing shift away from REO sales. REO sales made up 7.4 percent of total distressed sales in April, while short sales made up 3.7 percent.

Read More »

Are First-Time Homebuyers a Bigger Risk? Yes and No

home-key

*+-The author called first-time homebuyers “inherently different from repeat homebuyers. They are younger and have lower credit scores, lower home equity, and less income and, therefore, are less likely to withstand financial stress or take advantage of financial innovations available in the market than repeat homebuyers.”

Read More »

Quicken Loans Files Lawsuit Against Federal Agencies

gavel

*+-The Detroit-based lender claims the government has enjoyed “extraordinary profitability for FHA's insurance program” through its efforts, saying the company’s participation in FHA's program will proved the government more than $5.7 billion in net profits “from the insurance premiums collected above and beyond claims made from over $40 billion in FHA home loan volume closed by Quicken Loans during the 2007 to 2013 timeframe.”

Read More »

CFPB Amends Guidelines For Providing Lists of Housing Counseling Organizations

Checklist

*+-Housing counselors‒‒which can be the lenders themselves‒‒can provide advice on buying a home, renting, defaults, foreclosures, and credit issues at little or no cost to consumers. The Dodd-Frank Act of 2010 included a requirement that mortgage lenders provide applicants with a list of local housing counselors, which consumers are to receive shortly after they apply for a mortgage.

Read More »

FHFA Launches Neighborhood Stabilization Pilot Program in Illinois

Home

*+-The Neighborhood Stabilization Initiative is a set of strategies that aim to help delinquent borrowers avoid foreclosure and create a more efficient disposition path for foreclosed properties that will first be introduced in Cook County, Illinois. The housing market in the county, which contains Chicago, took a precipitous dive at the end of 2008 that took four years to reverse, according to data from DePaul University.

Read More »
Scroll To Top