The GSE’s latest Credit Insurance Risk Transfer consists of approximately 27,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $8.4 billion.
Read More »Robert Howerton Named CIO of Dovenmuehle Mortgage
Former VP of Infrastructure at Mr. Cooper brings 20-plus years of experience to his new role as CIO, where he will manage, maintain, and expand the company’s IT infrastructure.
Read More »Demand for Vacation Homes and Investment Properties Falls to Seven-Year Low
A new Redfin report found that increased housing costs, short supply, and return-to-office mandates have factored into a decline in the demand for vacation homes and investment properties nationwide.
Read More »CFPB Proposes the Removal of Medical Bills From Credit Reports
Proposals are being considered by the Bureau to help end coercive debt collection tactics, clean up inaccurate data, and improve credit score predictiveness by erasing medical bills from Americans’ credit reports.
Read More »Freddie Mac Sells $586 Million in Non-Performing Residential Loans
The GSE has announced the sale, via auction, of more than 3,500 non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio as part of Freddie Mac’s Standard Pool Offerings.
Read More »Annual Home Price Appreciation on Pace to Accelerate
Home prices continued to rally nationwide in July, as the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a slight 1% annual change in July, up from no change the previous month.
Read More »Ginnie Mae Revises HMBS Pooling Eligibility Requirements
Changes to Ginnie Mae’s HMBS program will improve issuer liquidity and provide issuers with continuous access to capital market sources of funding to securitize HMBS participation.
Read More »HUD and VA Award $16 Million to Assist Homeless Vets
Governmental agencies issue vouchers to 71 Public Housing Agencies nationwide to help homeless vets and their families find and sustain permanent housing.
Read More »REO Forum Closes Out Successful 2023 Five Star Conference
Asset managers and industry stakeholders took part in a forum at the Five Star Conference & Expo in Dallas to discuss shifts in the REO marketplace, and how to overcome hurdles the industry may face in the coming months.
Read More »The Week Ahead: Capitol Hill Analyzes Flood Insurance
Set to expire September 30, FEMA’s National Flood Insurance Program provides flood insurance to millions of U.S. property owners, renters, and businesses, yet it is in jeopardy of not being reauthorized or amended by Congress.
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