Freddie Mac’s Insight & Outlook report for February 2016, released Monday, cited the nearly 655 billion dollars in outstanding conventional 30-year mortgage-backed securities with interest rates greater than 4 percent. The report found that several borrowers have passed on favorable ...
Read More »DS News Webcast: Tuesday 3/1/2016
Ocwen Financial experienced its second straight financially difficult year, reporting a net loss of 224 million dollars for the fourth quarter of 2015 and a net loss of 246 million dollars for the full year of 2015 in the servicer’s ...
Read More »Computershare Acquires Altavera Mortgage Services
Computershare, a global market leader in transfer agency and share registration, employee equity plans, proxy solicitation and stakeholder communications, recently announced that it has signed an agreement to acquire Denver, Colorado-based Altavera Mortgage Services, LLC, a provider of independent, third-party mortgage origination services to residential mortgage lenders.
Read More »Life Events and Higher Rents Influence Decision to Buy
The single-family rental market has seen an unprecedented boom in popularity in the last couple of years. But a recent survey indicates that the rising cost of rents, as well as certain life events, are pushing some out of the rental market and into buying.
Read More »DS News Webcast: Friday 2/26/2016
Wells Fargo is not out of the woods yet even after agreeing to a 1 point 2 billion dollar settlement earlier in February over its underwriting practices on FHA-insured loans. According to Wells Fargo’s annual 10-K filing this week, the ...
Read More »DS News Webcast: Thursday 2/25/2016
The composite Agency National Mortgage Risk Index (NMRI) for January 2016 released by AEI’s International Center for Housing Risk on Wednesday, covering both purchase loans and refinances, climbed by zero point 44 percentage points up to 11 point 70 percent for January ...
Read More »DS News Webcast: Wednesday 2/24/2016
The single-family rental market has gained significant popularity as an asset class in the last two years or so. Investors who are looking to increase their footprint in the SFR market should consider looking in one of the top 10 U.S. ...
Read More »DS News Webcast: Tuesday 2/23/2016
Ocwen Financial experienced its second straight financially difficult year, reporting a net loss of 224 million dollars for the fourth quarter of 2015 and a net loss of 246 million dollars for the full year of 2015 in the servicer’s ...
Read More »Are Legacy HELOC Borrowers at Significant Risk of Default?
Some in the industry have expressed concern that a large number of borrowers with legacy HELOCs will default because they cannot handle the payment shock that awaits them when they reach their end-of-draw period. How are they handling it so far?
Read More »DS News Webcast: Monday 2/29/2016
The U.S. Department of Treasury announced on Friday that it would provide up to 2 billion dollars in additional Troubled Asset Relief Program funds for the Hardest Hit Fund program to put toward assisting struggling homeowners and stabilizing communities that were most ...
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