On Friday afternoon, Ginnie Mae issued a new memorandum (APM 22-01) stating that they are streamlining its documentation requirements for servicers participating in the Federal Housing Administration’s (FHA) Advanced Loan Modification program (ALM).  The memo does away with the requirement for recordation and title insurance in some cases.  The new policy supports ...

Closing the books on 2021, The National Association of Realtors (NAR) has reported that, during the month of December, existing-home sales declined 4.6% from November, to a seasonally adjusted annualized rate of 6.18 million, snapping a three-month streak of increases.  Despite the monthly drop, existing home sales increased by an overall ...

Wells Fargo announced today that Derek Flowers has been appointed the company’s Chief Risk Officer, effective immediately. Flowers will lead all aspects of Wells Fargo’s Independent Risk Management function, including compliance risk management. He will continue to serve as a member of the company’s Operating ...

Senior citizens are in a great position in the real estate market at the moment as the latest research shows that their housing wealth grew $396.1 billion to $10.1 trillion during the third quarter of 2021, largely mirroring the meteoric growth seen by the market as a whole.  The data for this comes from the latest ...

New research examines the regions where factors are most conducive to would-be homeowners assembling a down payment in the timeliest manner.

Searching for the perfect home requires a little give and take; you have to balance location, price, and style among other things. And in the current market, where the average home is now going for $380,000 and are selling in a matter of days, buyers are having to adjust their expectations. But no ...

Due to the explosion of real estate prices over the past few years, more are looking to diversify their investments by expanding into real estate. But not all real estate properties are a sound investment; those looking for the best “bang for ...

HUD has announced a change to the length of time that HUD-owned REO properties have exclusive listing rights for owner/occupants and “mission-minded” organizations. Here’s what you need to know.

Applying for a mortgage is one of the most important applications most will ever fill out in their lifetimes; getting denied because of simple omission can set the process back by weeks. According to a new report by Zillow, the rate at ...

ATTOM, along with its subsidiary RealtyTrac, has released its year-end 2021 Foreclosure Market Report which has found that there was a total of 151,153 properties with foreclosure filings against them over the course of the year, down 29% from 2020 and down 95% from a peak of 2.9 million ...