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Author Archives: David Wharton

Fed’s Kashkari on Interest Rates and Cryptocurrencies

Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, recently participated in a town hall in Pierre, South Dakota, attended by a little over 100 legislators and business leaders. The town hall was moderated by Laura Schoen Carbonneau, CEO ...

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Quickening Mortgage Innovation in an Industry Slow to Change

Stacey Caster is VP, Technology Communications at Quicken Loans, where she previously worked as Director of Telecommunications. Prior to joining Quicken Loans, Caster was Director of Infrastructure Operations at DTE Energy, working to oversee back-end infrastructure for over 10,000 employees ...

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Early-Stage Mortgage Delinquencies Dropped in Q4 2017

According to the MBA’s Fourth Quarter 2017 National Delinquency Survey, general downward trends for mortgage delinquencies continued as 2017 wrapped up, even after the impact of a historically damaging hurricane season. "The 30-day delinquency rate actually dropped by 15 basis ...

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New York Buys Distressed Mortgages to Fight Zombie Homes

New York Gov. Andrew Cuomo has announced that the state, working through its Community Restoration Fund, has purchased 172 distressed mortgages in high-foreclosure areas, hoping to help keep the homeowners in their homes and avoid letting more abandoned properties fill ...

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For Single-Family Rentals, Low Vacancy Rates Mean Rent Growth

CoreLogic has released its February U.S. Economic Outlook, with the spotlight this month turning toward the single-family rental market, and specifically the relationship between vacancy rates and rent price growth. As explained by CoreLogic Chief Economist Dr. Frank Nothaft, single-family ...

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“No Further”: CFPB Plan Limits Bureau’s Mission

4:51 p.m. CST // On Monday afternoon, the Consumer Financial Protection Bureau officially released its strategic plan for fiscal years 2018 - 2022, confirming a shift away from enforcement that had been rumored by alleged internal memos earlier during the day. In ...

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Safeguard Properties Launches Next-Generation Multimedia Application

Safeguard Properties is launching its next-generation multimedia Photo Direct application, introducing the use of panoramic photos, video, and audio to property preservation work in the field. The company unveiled the enhancements at the 2018 Mortgage Bankers Association (MBA) National Mortgage Servicing ...

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Collingwood Webinar Breaks Down 2018 Mortgage Trends

On Friday, February 9, MountainView Financial Solutions presented its monthly mortgage servicing rights (MSR) seminar, featuring Tim Rood, Chairman of The Collingwood Group, LLC. Rood presented a webinar entitled “Rightsizing Your Mortgage Business for 2018: Planning for the Uncertainties.” If ...

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Foreclosure Starts Continue to Dwindle

mortgage loans performance

Existing home sales declined slightly in January 2018, according to the LegalShield Law Index, a collection of five indices tracking multiple key economic indicators published monthly by LegalShield, an online membership-based provider of legal services. Meanwhile, LegalShield reports foreclosure starts ...

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