Americans have been creating shared households in which parents, children, grandparents, or other extended family live together in a home and contribute to rent or mortgage, and extended income households have particular strengths that can be important to lenders.
Read More »The Week Ahead: What Does Q2 Hold For Walter Investment?
With Walter Investment Management Corp.taking a loss during Q1 and both Ocwen Financial Corp. and Nationstar Mortgage Holdings reporting net losses for Q2, all eyes will fall on Walter to see what their Q2 earnings report holds.
Read More »Less Homeowner Movement Could Spell Trouble
The lessened movement in the housing market could potentially have ramifications in the future by reducing mortgage originations as well as the number of mortgages serviced and put into default.
Read More »CFPB Unveils Updated Servicing Rules
The Consumer Financial Protection Bureau (CFPB) is scheduled to host the Industry & Servicer Training Update at the Five Star Conference & Expo on September 12, 2016 and will be the first time that the Bureau will give an in-depth, in-person training since the promulgation of the new servicing rules on Thursday.
Read More »Could Single-Family Rental Transactions Pose Minimal Credit Risk?
The number of homes removed from single-borrower single-family rental transactions has been negligible, posing minimal credit risk for these transactions, according to a recent report from Morningstar Credit Ratings, LLC.
Read More »Foreclosures: A Global Perspective
For those in the mortgage and servicing industry, the foreclosure process, though different in every state can be simplified into a process that is familiar to all. But when discussing foreclosures in other countries, how are those processes similar to that of the U.S.?
Read More »Veteran Homelessness Reduce by Half
The number of veterans experiencing homelessness in the United States has been cut almost in half since 2010.
Read More »What Effects Do Low Rates Have on Mortgage Holders?
The recent Black Knight Mortgage Monitor analyzes the effect that new multi-year lows in rates are having on the population of 30-year mortgage holders who could both likely qualify for and benefit from refinancing.
Read More »The Week Ahead: Sizing Up the GSEs’ Financial State
During the first quarter of 2016 Freddie Mac reported a net loss of $354 million while Fannie Mae reported a net income of $1.1 billion for Q1 and a positive net worth of $2.1 billion.
Read More »Counsel’s Corner: Options When A Default Becomes Incurable
Richard Ormond speaks with DS News about what the options for upcoming defaults entail from a state to state perspective.
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