Home / Author Archives: Jordan Funderburk (page 5)

Author Archives: Jordan Funderburk

DS News Webcast: Tuesday 8/18/2015

Foreclosure, REO, News, Webcast

The delinquency rate on mortgages declined by 20 percent year-over-year in Q2 down to 2 point 72 percent, according to TransUnion's Industry Insight Report for Q2 released Monday. The delinquency rate is less than half of what it was three years ago, when ...

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DS News Webcast: Monday 8/17/2015

Foreclosure, REO, News, Webcast

As they promised earlier this year, Fannie Mae and Freddie Mac have intensified their efforts in the last few months to rid their single-family residential mortgage portfolios of deeply delinquent, non-performing loans. Freddie Mac just announced it is marketing a bundle of NPLs with $1.2 ...

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DS News Webcast: Friday 8/14/2015

Foreclosure, REO, News, Webcast

  Ginnie Mae set a new monthly issuance record in July by guaranteeing 47 billion dollars in mortgage-backed securities during the month, according to an announcement from the corporation on Thursday. The new record set in July surpassed the previous mark of ...

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DS News Webcast: Thursday 8/13/2015

Foreclosure, REO, News, Webcast

Wells Fargo EVP and head of Home Lending Michael J. Heid announced on Wednesday that he will retire after nearly 28 years with the bank and 11 years with Wells' mortgage division. Effective October 1, 2015, Heid will be succeeded as ...

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DS News Webcast: Wednesday 8/11/2015

Foreclosure, REO, News, Webcast

With nearly a 30 percent year-over-year decline in June, the nation's foreclosure inventory rate is at 1 point 2 percent, the lowest level since 2007, according to CoreLogic's June 2015 National Foreclosure Report released Tuesday. The foreclosure inventory rate has now declined year-over-year ...

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DS News Webcast: Tuesday 8/10/2015

Foreclosure, REO, News, Webcast

The lack of fundamental changes to the origination process over decades has resulted in lost efficiency, increasing costs and decreasing profits, and ever-merging regulatory hurdles. Those factors have left a gap in the mortgage industry to be filled by disruptors, ...

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DS News Webcast: Monday 8/10/2015

Foreclosure, REO, News, Webcast

The Federal Open Market Committee stated in its July meeting that more labor market growth is needed before the Fed decides to raise the federal target funds rate, which has been near zero for years. With the Bureau of Labor ...

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DS News Webcast: Friday 8/7/2015

Foreclosure, REO, News, Webcast

Fair value gains were the primary driver as Fannie Mae's net income more than doubled from the first quarter to the second quarter, according to an announcement from Fannie May on Thursday. The GSE's net income for Q2 was $4.6 ...

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DS News Webcast: Thursday 8/6/2015

Foreclosure, REO, News, Webcast

New home sales have been trending up for the last three years and the National Association of Home Builders expects that to continue on into next year as job gains drive up demand for housing. Sales of new single-family homes ...

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DS News Webcast: Wednesday 8/5/2015

Foreclosure, REO, News, Webcast

Freddie Mac's net income soared for the second quarter of 2015, totaling $4.2 billion. That amount was nearly nine times the GSE's Q1 net income of $524 million, according to an announcement from Freddie Mac on Tuesday. With the inclusion ...

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