Home / Author Archives: Seth Welborn

Author Archives: Seth Welborn

Seth Welborn is a contributing writer for DS News. He is a Harding University graduate with a degree in English and a minor in writing, and has studied abroad in Athens, Greece. An East Texas native, he also works part-time as a photographer.

Charting the Path Forward for Mortgage Servicing

At a meeting of the National Mortgage Servicing Association Wednesday, Wes Iseley, Senior Managing Director at Carrington Mortgage Holdings, was announced as the group’s new incoming Chair. Learn more about the NMSA and its initiatives here.

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Want to Buy Some Reperforming Loans?

Fannie Mae’s retained mortgage portfolio has become overloaded, and to ease the burden, the GSE has announced another reperforming loan sale. Find out what it would cost to buy these loans, and how to place your bid.

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Down with Delinquency

According to a recent report, the mortgage delinquency rate has improved, but how much has it improved year over year?

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Ocwen May Gain a New Ally

In the midst of struggle between Ocwen Financial Corp and the Consumer Financial Protection Bureau, a Florida Judge has stated that The Department of Justice may shine some light on the case. The question now is whose side will the Department take?

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Homebuilders Report Loosening Credit Standards

Builders and developers have reported that credit conditions for acquisition, development, and single-family construction (AD&C) have been easing in the past few months. Eased lending standards are linked with growth in the volume of residential construction loans held at banks, and by extent, the growth in residential construction as a whole. Sales of brand-new homes are expected to jump 10.7 percent this year as the historically low inventory has been pushing for increased construction.

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Analyzing the HUD Budget

On Tuesday, the Trump administration announced its proposed 2018 budget. Included in the budget are several cuts to Department of Housing and Urban Development programs, including cutting the funding to the Community Development Block Grant Program, as well as the Choice Neighborhoods Initiative, HOME Investment Partnerships Program, and the Self-Help Homeownership Opportunity Program.

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Who’s to Blame for the Housing Shortage?

The most pressing problem facing the housing industry today is the tight inventory and millennials may be partly to blame. As many young potential buyers move into cities and away from the suburbs, housing construction has been notoriously weak. Cities like New York, San Francisco, Boston, and Los Angeles have seen their suburban areas shrink.

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Analyzing Down Payment Assistance Programs for Military and Veterans

With thousands of down payment assistance programs out there, what assistance is being given out to veterans? A recent report highlights the most important of these programs available to military and veterans. On top of VA loans, veterans can expect to cut down their down payment entirely with these programs.

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Investors Filling Low Distressed Inventory Gap with New Homes

With inventory dropping, including the distressed sale inventory, investors are moving to built-for-rent sales. A recent report noted that more and more investors are building rental homes themselves to make up for the gaps. Putting the blame on tight mortgage standards and rising prices, many younger buyers are holding off on buying a home, and investors are cashing in on the desire for detached-homes without the down payment.

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