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Author Archives: Esther Cho

Fitch Examines Credit Risk for GSEs in Light of Risk Sharing Efforts

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.

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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.

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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.

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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.

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