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Author Archives: David Wharton

Tiny Homes Could Help the Homeless

Earlier this year, HUD Secretary Ben Carson announced an award of $2 billion in support of thousands of local housing and service programs across the U.S. This year’s installment of the annual HUD Continuum of Care grants will assist more ...

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Improving FHA Foreclosure Processes

A new brief released by the Urban Institute explores ways to improve Federal Housing Administration (FHA) foreclosure timelines and conveyance processes so as to drive down costs and make things more efficient. The brief is the third in a series ...

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The Best and Worst States for Property Taxes

According to the U.S. Census Bureau, the average American household spends $2,197 on property taxes for their homes each year. That’s no small chunk of change for many households, so property taxes are inevitably a factor when homebuyers are trying ...

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The Housing Market’s Long March to Recovery

Between December 2007 and June 2009, U.S. households lost over $16 trillion in net worth. That’s one of the stark figures that opens CoreLogic’s new special report entitled “Evaluating the Housing Market Since the Great Recession.” The report tracks the ...

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Exclusive Content: What’s New in DS News Magazine?

The latest issue of DS News magazine is now available in print and online, taking you deeper into the topics and challenges facing the housing and default servicing industries. The spectacular rise (and recent fall) of Bitcoin prices have helped ...

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Pending Home Sales on Slippery Slope

An overall growing economy, rising incomes, and a strong job market did little to increase the number of buyers signing on the dotted line to achieve their dream of being a homeowner. In fact, pending home sales fell to their ...

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Ocwen Reports Losses for 2017

Ocwen Financial Corporation, an Atlanta-based financial services holding company, reported a net loss of $128.5 million for 2017, and a pre-tax loss of $45.3 million in Q4 alone. This comes the day after the announcement that Ocwen was purchasing PHH ...

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What’s Happening to Mortgage Default Risks?

The UFA Default Risk Index, which measures the risk of default on newly originated nonprime mortgages, climbed seven points between Q4 2017 and Q1 2018, hitting 108. According to the latest UFA Mortgage Report released by University Financial Associates of ...

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Freddie Mac Tracks Serious Delinquencies

Freddie Mac

Freddie Mac has released its latest Monthly Volume Summary, which provides information on Freddie Mac's mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments. This latest Monthly Volume Summary is comprised of data from January 2018. Freddie ...

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