After half a decade from the bottom of the housing bust, the U.S. homeownership rate still remains stuck at a current 50-year low and a look at the demographics of those Americans that do own homes today, and those that do not, and compares the data to that of past decades may be useful in understanding this phenomenon.
Read More »Five Star Institute Announces Sharon Bartlett as Executive Director of Industry Relations
The Five Star Institute announced that Sharon Bartlett joined their company to further develop mortgage industry relations and education. Sharon comes to Five Star with a wealth of experience within the industry, having spent the last 30 years holding various positions in mortgage ...
Read More »Let the Bidding Begin: Seventh Non-Performing Loan Sale Announced
Fannie Mae recently announced the seventh sale of non-performing loans as well as the fifth Community Impact Pool, offered by the company.
Read More »Independent Foreclosure Review to Yield Additional Payments for Borrowers
The paying agent, Rust Consulting, Inc. will mail payments to eligible borrowers of Federal Reserve supervised servicers who cashed or deposited their initial checks from the Independent Foreclosure Review Payment Agreement.
Read More »Foreclosure Prevention Activities Drop Further in May
The number of foreclosure prevention activities completed by Fannie Mae and Freddie Mac has continued to decrease as the number of nationwide foreclosures continues its decline since reaching peak levels in 2009 and 2010.
Read More »Housing Bust Foreclosures Drove Up SFR for Metro Areas
Metro areas that experienced more foreclosures during the housing bust have seen a larger increase in the share of single-family homes that are rented.
Read More »ACC Mortgage Selects LoanScoreCard’s LO Connect Services
All Credit Considered Mortgage, Inc. (ACC Mortgage) has selected LO Connect as its integrated automated underwriting system (AUS), product and pricing engine (PPE), and distribution solution.
Read More »Write-Off Rates Return to Pre-Crisis Levels
Write-off rates are returing to pre-crisis "normals" according to Equifax Inc release of its June 2016 Equifax National Consumer Credit Trends Report.
Read More »Trump’s Moratorium Could Spell Changes to the Housing Market
In Donald Trump’s recent speech at the Detroit Economic Club, Trump called for a temporary moratorium on new financial regulations. According to Collingwood Group, this could mean a boom to the housing and mortgage markets.
Read More »GSEs Would Need Another Bailout According to Stress Test
Under severely adverse economic conditions applied by the Dodd-Frank Stress Tests, Fannie Mae and Freddie Mac are projected to need another taxpayer-funded bailout.
Read More »