Tag Archives: Mortgages

While income growth has outpaced the cost of living, housing costs are among the factors that have many Americans racking up credit card bills.

The United States was hit hard by the housing crisis. Here’s how financial services holding company Ocwen is working to help families save their mortgages and stay in their homes.

MCS announced today that they've acquired Carrington Home Solutions' property preservation division. Find out all the details here.

As homeowners struggle to make loan payments on time, Freddie Mac plans to collab with a new online platform in tandem with its borrower help network. The startup intends to help low and moderate income earners manage the debts and make payments on time.

As homeowners struggle to make loan payments on time, Freddie Mac plans to collab with a new online platform in tandem with its borrower help network. The startup intends to help low and moderate income earners manage the debts and make payments on time.

According to a new report, 30-day delinquencies, 90-day delinquencies, and foreclosure inventory are down over the year. “Early-stage” delinquencies were slightly up, however, rising from 2.08 percent to 2.14 percent. Louisiana saw the most delinquent mortgages for the month.

Friday’s employment report for April from the Bureau of Labor Statistics showed strong growth overall, with a total increase in non-farm payroll jobs of 211,000, compared to March’s increase of 79,000. Department of Labor Secretary Alexander Acosta tweeted that the report was “great news,” and noted the unemployment drop to 4.4 percent. However, differing opinions came from those in the mortgage and housing industry.

Alitsource Portfolio Solutions, a mortgage and real estate technology provider, announced today that its Vendorly platform, which manages vendor oversight for financial institutions, is now available to all across the market. Previously, Vendorly was only available to members of the Lenders One Cooperative, a national alliance of independent mortgage professionals.

With the federal funding running out on Friday and a potential government shutdown looming, expect to see an impact on the mortgage industry. Access to tax documents and other government paperwork may prove difficult in the event of a shutdown. CNBC noted that “non-essential” employees, such as those that process paperwork through the Internal Revenue Service, would be furloughed during a shutdown, causing roadblocks for those applying for mortgages.

A New York State judge refused to reopen a dismissed lawsuit against a Credit Suisse AG unit, Law360 reports. New York Supreme Court Judge Eileen Bransten previously dismissed the case involving $1 billion in losses from faulty residential mortgage-backed securities (RMBS), but new RMBS claims were not enough for U.S. Bank NA, a trustee for some RMBS pools, reopen the suit.