In recent months, Fannie Mae and Freddie Mac took important steps toward transparency with the release of historical credit performance data. The move also paved the way for credit risk sharing transactions as the FHFA looks to reduce the GSEs' role in housing finance. In an effort to help investors ""evaluate upcoming credit-sensitive securitization proposals from the GSEs,"" Fitch Ratings completed an analysis of the historical data in a recent report. Overall, the report determined loans originated from 2009 and beyond should outperform earlier vintages.
Read More »CoreLogic Strikes $661M Deal for Marshall & Swift/Boeckh, DataQuick
CoreLogic announced an agreement Monday to buy Marshall & Swift/Boeckh and DataQuick Information Systems from the Decision Insight Information Group for $661 million. The transaction, which is expected to close during the third quarter of this year, will expand the Irvine, California-based company's data and analytics segment.
Read More »Home Sales in Las Vegas Area Increase for 2nd Straight Month in May
Home sales in the Las Vegas-area rose year-over-year for the second straight month in May after 10 months of declines, while the median price made its 14th consecutive annual gain, DataQuick reported.
Read More »Connecticut Town Becomes First in State to eRecord
After forming a partnership with CSC and NewVision Systems Corporation, the town clerk's office in Glastonbury was able to record a lien release on June 25.
Read More »Forecast Points to Steady Price Growth Led by California
When it comes to price appreciation, California markets are expected to continue leading growth over the next year, while certain markets concentrated in the Northeast should see a decline in home values, according to Veros Real Estate Solutions' most recent forecast ending June 1, 2014. The company's forecast covers 969 counties, 324 metro areas, and 13,502 zip codes.
Read More »WFG National Title Expands Support for Midwest Agency Group
WFG National Title Insurance Company announced two new additions for the company's Midwest Agency group.
Read More »OCC: 90% of Mortgages Current in Q1 as Foreclosure Efforts Continue
Mortgage performance improved in the first quarter of this year, with 90.2 percent of mortgages current and performing, the Office of the Comptroller of the Currency (OCC) reported Thursday. The share is up from 89.4 percent in the previous quarter and 88.9 percent a year ago. For the most part, delinquencies and foreclosures were down across the board, with the exception of early delinquencies and newly initiated foreclosures. Though, despite a near 14 percent quarterly increase in newly initiated foreclosures, home retention actions far outpaced new foreclosures in the first quarter.
Read More »Former DocX Exec Sentenced to 5 Years Over Robo-Signing Charges
A past president from DocX LLC was sentenced to five years in prison for her role in a scheme involving over one million fraudulently signed and notarized mortgage-related documents, the Justice Department announced Tuesday.
Read More »Micoley Announces Online Auction for Illinois Properties
Micoley.com is hosting an online auction featuring 20 residential and multifamily properties in Northwest Illinois.
Read More »Freddie Mac Servicers Provide Assistance to Over 1M Borrowers in 2012
Over the last year, Freddie Mac servicers have helped over one million borrowers remain in their homes through available programs. The total includes 687,000 borrowers who refinanced in 2012, of which 434,000 were borrowers who refinanced under the Home Affordable Refinance Program (HARP).
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