Home / Author Archives: Colin Robins (page 41)

Author Archives: Colin Robins

Colin Robins is the online editor for DSNews.com. He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News' sister site.

Mortgage Delinquency Rate Drops Below 4%

TransUnion announced Wednesday that last quarter's mortgage delinquency rate dropped below 4 percent for the first time since 2008. The rate represents borrowers who are 60 days or more delinquent on their mortgage. The Q4 2013 rate of 3.85 percent is a 24.2 percent year-over-year change from the Q4 2012 rate of 5.08 percent.

Read More »

Norcom Mortgage Announces New Branch; Branch Manager

Norcom Mortgage announced the opening of their Brookfield, Connecticut branch. The branch will be headed by James Forte, serving as Branch Manager. “We could not be more excited to have James lead this branch and expand our service into the Western part of the state."

Read More »

San Francisco One of the Most Expensive Housing Markets

San Francisco remains one of the most expensive housing markets in the United States, according to data released by the San Francisco Association of REALTORS (SFAR) on Tuesday. San Francisco is representative of a nationwide trend of home prices—too few single-family homes are driving up housing prices of available homes.

Read More »

Zillow Report Shows Rise in Mortgage Rates

Zillow Mortgage Marketplace, operated by the online real estate database Zillow, released its weekly mortgage rates Tuesday. Zillow reports that 30-year fixed mortgage rates rose slightly to 4.14 percent, reversing the previous week’s decline from 4.09 percent at this time last week. The 30-year fixed rate mortgage rose early last week before leveling off near 4.13 percent on Friday.

Read More »

New Housing Data Reveals Positive 2013 for Florida

New housing data released by Florida Realtors shows a positive 2013 for closed and pending sales. The closed sales for existing single-family homes totaled 227,411, up 11.8 percent from 2012. Pending sales figures were also positive, up 17.6 percent compared to 2012.

Read More »

Scott Law Firm Announces 3 New Positions

The Scott Law Firm, based out of Columbia, South Carolina, announced a new President and Managing Attorney, Reginald "Reggie" P. Corley. Additionally, the firm announced Richard T. Martin will serve as Director of Client Services, and Alan M. Stewart has joined the firm as Senior Supervising Attorney.

Read More »

FHFA Announces HARP Milestone

In a report released Monday, the Federal Housing Finance Agency (FHFA) announced Fannie Mae and Freddie Mac have reached the milestone of 3 million refinances under the Home Affordable Refinance Program (HARP)."Three million HARP refinances is an important accomplishment and represents real help to families and communities still struggling as a result of the mortgage crisis," said FHFA Director Mel Watt.

Read More »

Freddie Mac Announces Third Risk-Sharing Deal

Freddie Mac announced the pricing of its first Structured Agency Credit Risk (STACR) transaction of the year: a $1 billion offering of debt notes whose buyers will share in the risk. According to the company, the offering "represents one of the largest subordinate mortgage credit securitizations ever brought to market."

Read More »

CFPB Launches New Reporting Tool

The Consumer Financial Protection Bureau (CFPB) unveiled a new tool Friday aimed at making Home Mortgage Disclosure Act (HMDA) data more user-friendly. In a report released the same day, the CFPB said it collected HMDA data from 7,400 financial institutions in 2012 on 18.7 million loan applications. Not all new information would be made publicly available, and the new reporting guidelines would largely be in line with current industry standards.

Read More »