Comptroller of the Currency Thomas Curry encouraged banks to meet with stakeholders in their communities to determine effectiveness of their financial products and possibly pinpoint new business opportunities.
Read More »Fannie Mae’s Largest Non-Performing Loan Sale Ever: The Winners Are. . .
Less than a week following a nationwide wave of protests from advocacy groups on the sales of non-performing loans by government agencies to investors and private equity firms rather than non-profits, Fannie Mae announced the winners in its latest NPL auction.
Read More »Economic Outlook May Not Be All Positive
It's no secret that the Fed is taking a gradual approach to further rate hikes, but it may be even more gradual than originally expected.
Read More »GSE Serious Delinquency Rate is Lowest Since Start of Conservatorships
Mortgages backed by Fannie Mae and Freddie Mac are performing at a level not seen since September 2008, when the conservatorships began.
Read More »ValuAmerica Integrates with FHA’s Electronic Appraisal Delivery Portal
National title agency, appraisal management company (AMC) and technology provider ValuAmerica announced that it is now integrated with the Federal Housing Administration (FHA)’s Electronic Appraisal Delivery (EAD), a Web-based technology system that enables FHA-approved lenders and their third-party service providers to transmit appraisal data and reports to FHA prior to loan endorsement.
Read More »Foreclosure Inventory Plummets; What Else is New?
Foreclosures have been on a rapid steady decline for the last five-plus years since hitting their peak in 2010. How is this affecting the rest of the housing market?
Read More »Court Finds in Favor of MERS
Mortgage Electronic Registration Systems claimed its second legal victory of 2016, this time in Texas.
Read More »OCC Recaps Proposals for Regulatory Relief
What proposals did the OCC make in 2015 as part of a multi-agency initiative to provide regulatory relief to depository institutions?
Read More »Chronos Solutions Acquires Commerce Title and Closing Services
National real estate services provider Chronos Solutions, headquartered in Coppell, Texas, has announced the acquisition of settlement services firm Commerce Title and Closing Services from parent company Ten-X, formerly Auction.com.
Read More »Quicken Loans Super Bowl Ad Draws Praise, Criticism
Quicken Loans aired a commercial pushing its Rocket Mortgage program during the Super Bowl on Sunday, prompting a barrage of criticism on Twitter, which in turn prompted an equally strong defense from several prominent publications.
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