The Federal Reserve Bank of New York released its latest Survey of Consumer Expectations for June 2014. The survey found that consumer's expect home prices to increase in every region except one—the South—where a slight decrease is expected.
Read More »HUD Reaches Settlement with Seattle Apartment Complex
The U.S. Department of Housing and Urban Development (HUD) announced a recent agreement with the owner, builder, architect, and manager of a Seattle apartment complex. The settlement resolved issues stemming from allegations of discrimination against people with disabilities by failing to design and construct the 56-unit complex in a way that meets accessibility requirements of the Fair Housing Act.
Read More »Fitch: RMBS Delinquency Not Indicative of Trend
The highest delinquency to date of any post-crisis residential mortgage-backed securities (RMBS) doesn't indicate any trend of future delinquencies, according to an analysis by Fitch Ratings. The delinquency, according to the company, came about due to a transfer of servicing, and doesn't point to any widespread post-crisis late payment increases.
Read More »Court Research Reveals Foreclosure Performance Varies by Firm
Oversite Data Services, a national provider of docket-based compliance and management solutions, recently released a white paper that demonstrates how court docket-based data can be used to establish benchmarks for law firm performance.
Read More »Urban Institute: GSEs Underserve Weaker Credit Mortgage Applicants
Recently, Dave Stevens, head of the Mortgage Bankers Association, revealed a shocking statistic—the GSEs denied 56 percent of African American mortgage applicants. Many, including Fannie Mae, responded that the MBA's numbers overestimated the denial rate for minorities. A new blog post from the Urban Institute commented that the MBA’s denial rate wasn't too high; rather, it was much too low.
Read More »LoanLogics Launches LoanHD AppQ Network
LoanLogics launched the LoanHD AppQ Network, providing lenders with service ordering and delivery interfaces to third-party providers through the LoanHD platform. LoanHD is a single-source solution designed to provide enterprise-level loan quality management.
Read More »Why Do People Move? Census Bureau Answers
Among the 36 million people who moved between 2012 and 2013, a new study from the United States Census Bureau found that the most important reason to move was to find a new/better home or apartment. The study reported that 8 percent cited a desire for cheaper housing, while 5 percent said the most important reason for moving was to be closer to work or for an easier commute.
Read More »312,000 Properties Regain Equity in Q1 2014
CoreLogic released an analysis of residential properties in the first quarter of 2014, focusing specifically on homes with negative equity. The company found that more than 300,000 homes returned to positive equity in the quarter, bringing the total number of mortgaged residential properties with equity to more than 43 million.
Read More »First Lady, VA Pledge to End Veteran Homelessness
First Lady Michelle Obama, the U.S Department of Housing and Urban Development (HUD), and the U.S. Department of Veterans Affairs (VA) announced the creation of the Mayors Challenge to End Veteran Homelessness at an event at the White House. At the event, more than 75 mayors and county and state officials from across the country pledged they are committed to ending veteran homelessness in their communities.
Read More »Mortgage Master Welcomes Northern California Regional Manager
Mortgage Master, a super-regional mortgage lender and one of the country's largest privately-owned mortgage companies, announced they have hired Brian Moggan as the new North California Regional Manager. A 14-year industry veteran, Moggan is tasked in his new role with attracting high quality mortgage originators, opening new retail branches, and expanding market share throughout Northern California.
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