Renters and homeowners do not see the same rosy picture when it comes to houses for sale, but if homeowners were to follow through with their optimism, the housing market could become a healthy one.
Read More »Foreclosure Prevention is Paying Off for the GSEs
So far, 2017 is looking up‒‒or, rather, down‒‒when it comes to foreclosures and distressed properties. But will downward trends continue?
Read More »Ocwen Sues FIS Over Alleged Inflated Billing
One lawsuit has begat another in California. Ocwen Financial Corp. has alleged that the monitor appointed to review its business practices in the wake of a mortgage servicing settlement ran through an almost $45 million budget in half the time and with half the work. Ocwen alleges that Fidelity Information Services overbilled and charged for improper expenses, including associate trips to casinos and strip clubs.
Read More »Rising Demand, Shrinking Inventory Fuel Median Price Growth
There are few more concrete examples of supply-and-demand economics in action than the housing market. A new report looking at April numbers shows a spike in demand and a corresponding spike in median prices. The B-side, of course, is that while demand rises, inventory shrinks, fueling the current sellers’ market.
Read More »Buying Remains the Cheaper Option, but for How Long?
Buying might still be cheaper than renting in major U.S. metros, but rising prices and stalling rents could soon flip that dynamic. A new report by Trulia shows how the most expensive U.S. markets could see a rise in rentals. A lot depends on federal policy over the next couple years.
Read More »Housing Recovery Has Been Slight and Erratic
Home values have been in steady ascent for a long time, but they’re still not where they were before the crash. A new report by Trulia shows housing recovery is not only slow going, it’s been incredibly scattershot. And we might not see the full end of the recession’s effects for almost another decade.
Read More »Nationstar Mortgage to Officially Become Mr. Cooper
The company will be known as Mr. Cooper as part of a two-year rebranding campaign. The shift is an effort to make the company more personable to consumers. It will also expand its suite of services to a more user-friendly focus.
Read More »FHFA’s Unified MBS Plans Delayed Until 2019
The Federal Housing Finance Agency Thursday announced that Release 2 for its Single Security Initiative and Common Securitization Platform (CSP) for Fannie Mae and Freddie Mac will come in mid-2019. Release 2, the announcement stated, will allow Fannie Mae and ...
Read More »Delinquencies Down, Performance Steady in Q4
According to a recently released report by the Federal Housing Finance Agency (FHFA), foreclosures from Fannie Mae and Freddie Mac since the dawn of conservatorship reached 3.8 million as of Q4 2016. Overall however, serious delinquencies are down, along with short sales and REOs. FHFA also found that that the types of loan modifications offered are being influenced by the increase in home prices over the last couple of years.
Read More »Homeowners Regained Equity in 2016
Last year turned out to be a good year for U.S. homeowners with mortgages. A new study by CoreLogic found that roughly 63 percent of all homeowners saw their equity increase.
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