The topic of zombie homes comes up often here on DS News, ranging from fast-track foreclosure legislation to rules about clearboarding and plywood bans. In February, New York Governor Andrew Cuomo announced that the state was buying up distressed mortgages ...
Read More »Ranking Reverse Mortgage-Backed Securities Issuance
NewView Advisors, LLC, a financial services firm based in New York, has released a new look at the state of HECM mortgage-backed securities for the first quarter of 2018. HECM is the Federal Housing Administration’s (FHA) Home Equity Conversion Mortgage ...
Read More »Houston Updates Building Codes in Floodplain
According to the National Hurricane Center, Hurricane Harvey caused $125 billion in damage during its rampage in August 2017. The storm killed damaged 203,000 homes and destroyed 12,700. Eight months after the storm, the recovery continues—and that recovery is about ...
Read More »Increasing Delinquencies Among Lower-Income Borrowers Could Forecast Problems
Mobile homes aren’t a sector of the housing market we often examine here at DS News, but a recent study tracking delinquencies among mobile-home loans could signal the build-up of troubling trends. Are increasing mobile home delinquencies the “canary in ...
Read More »The Industry Pulse: Updates on the New York Fed, Freddie Mac, and More …
Which companies are merging, and what professionals are moving? See some highlights in this update of the housing and mortgage industries. The Federal Reserve Bank of New York announced that John C. Williams has been named President and CEO. His appointment by ...
Read More »John C. Williams Named President of New York Fed
The Federal Reserve Bank of New York announced that John C. Williams has been named President and CEO. His appointment by the eligible members of the New York Fed’s Board of Directors was approved by the Board of Governors of the ...
Read More »MERSCORP Holdings Launches MERS eNote Solutions, Powered by eOriginal
MERSCORP Holdings, Inc. and eOriginal, Inc. has launched a new solution offering that will enable originators to accelerate entry into the digital mortgage ecosystem. MERS eNote Solutions, part of the MERS eSuite, will enable the creation, execution, registration, and management ...
Read More »Christopher Herbert Elected to Freddie Mac Board of Directors
Freddie Mac announced that Christopher E. Herbert was elected as a director on the company’s board of directors. Herbert, 57, has extensive experience relating to housing policy and urban development. “We are very pleased that Chris is joining the Freddie ...
Read More »The City Where Foreclosures Are Skyrocketing
This past January, PropertyShark’s annual foreclosure report revealed that New York City saw a year-over-year increase in foreclosed homes scheduled for auction of 58 percent and year-over-year foreclosure increases in every borough except Manhattan. Now PropertyShark has released their Residential ...
Read More »Which Features Boost Home Sale Prices?
Selling a home can sometimes be as much art as science, but there are some things that work consistently well. Zillow recently analyzed the features that best help move homes and land higher sale prices, discovering along the way that ...
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