One economist said the June report will “allay fears” that a recession is imminent and another called the report a “sigh of relief.” But will the housing market benefit from a healthy June employment summary?
Read More »Mortgage Delinquency Mends While Student and Auto Loans Worsen
The substantial decline in serious mortgage delinquencies contrasts with other types of loan delinquencies that are on the rise.
Read More »House Committee Chairman Wants Answers from Castro
Hensarling is asking for the HUD Secretary to appear before the House Financial Services Committee to answer questions about the effect of recent changes to HUD’s delinquent loan sales program on taxpayers.
Read More »FHFA to Implement Securitization Platform Software in 2016
FHFA reported that the GSEs expect to meet the GSES' goals for the implementation of the first use of the CSP software later this year and for using the CSP to issue Single Securities in 2018.
Read More »Nationstar Elects Bray Chairman of the Board
Nationstar Mortgage LLC, one of the largest mortgage servicers in the country, confirmed that President and CEO Jay Bray has been unanimously elected Chairman of the Board for the company.
Read More »Rising Lease Expirations Do Not Deter SFR Vacancy Rate
A fifth straight month of increases in lease expirations in May contributed to an uptick in the vacancy rate across the 24 SFR securitizations rated by Morningstar, but the vacancy rate stayed low.
Read More »Declining Trend Continues for Bankruptcy Filings
Nationwide bankruptcy filings were about 5 percent lower in June 2016 compared with a year earlier, continuing an ongoing trend of decline,
Read More »Can Local Governments Impede Housing Markets?
The survey found that government attitudes toward housing tend to be either friendly and affordable or unfriendly and unaffordable.
Read More »More Modifications Focusing on Sustainability
According to the OCC, the majority of mortgage modifications performed by the seven largest banks include multiple actions focused not just on affordability but on sustainability of the loan.
Read More »Fannie Mae Eliminates Restructured Loan Policy
According to Fannie Mae, lenders can now rely upon existing policy when determining whether a loan is eligible for delivery under a refinance transaction or as a modified mortgage loan.
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