Black Knight Financial Services named a new addition to its Data and Analytics division: Chip McAvoy has joined the team as VP of emerging products and technology.
Read More »Mortgage Risk Rises, Causing Concerns Over Expansion of Credit Access
December's index, which saw about 215,000 new loans added to the pool of risk-rated mortgages, was up 0.4 percentage points from the average for the prior three months and 1.1 percentage points from a year earlier, AEI said. As ever, the largest portion of risk came from the Federal Housing Administration (FHA), which had a risk index of 24.33 percent, up 0.2 percentage points from the prior three-month average. Following that were the Veterans Affairs index, which was at 11.5 percent, and the Fannie/Freddie index, which was 6.2 percent, just above the 6 percent threshold AEI says is "indicative of conditions conducive to a stable market."
Read More »Brighter Outlook for Economy, Job Market Push Consumer Confidence to Seven-Year High
The survey's index measuring sentiment about present-day conditions rose more than 10 points from December, hitting 112.6, the Conference Board said. The number of respondents saying business conditions are currently good rose nearly four points to 28.1 percent, while the share of those saying jobs are plentiful climbed nearly three points to 20.5 percent.
Read More »Existing-Home Sales Expected to Inch Upward in January
In its latest look at resale data, NAR reported that the stock of available existing homes for sale was around 1.85 million in December, putting the national supply at 4.4 months at the current sales rate. Also challenging the housing market right now are stringent credit conditions, stagnant wages, and "lingering wariness about homeownership benefits," said Auction.com's chief economist, Peter Muoio.
Read More »Freddie Mac Chief Economist Departs for CoreLogic
After more than a quarter of a century spent working for Freddie Mac, Dr. Frank Nothaft has moved on to serve as SVP and chief economist at CoreLogic, the property information firm announced.
Read More »Report: Investors Move Toward Potential Ocwen Lawsuit
A group of mortgage bond investors has sent Ocwen Financial Corp. a notice of non-performance in what could be the precursor toward a future lawsuit.
Read More »Leading Economic Indicators Advance for Fourth Month in a Row
Despite recently seeing their strongest year in more than half a decade, housing starts are still running below their long-term average of about 1.5 million annually—and that situation isn't expected to normalize for at least another few years, if economists' forecasts are right.
Read More »Titan Capital Solutions Now Buying ‘Scratch and Dent’ Loans
Titan Capital Solutions (TCS), a wholly owned correspondent investment subsidiary of Denver-based Titan Lenders Corp., has recently begun to purchase certain investor-rejected loans, the company announced Thursday.
Read More »CFPB Fines Two Lenders $35.7 Million for Kickback Scheme
Wells Fargo and JPMorgan have agreed to pay a combined $35.7 million in penalties and redress over their roles in an alleged kickback scheme with a Maryland title company, according to an announcement from the Consumer Financial Protection Bureau (CFPB) on Thursday.
Read More »Home Sales Reverse November Decline, Jump 14.4 Percent in December
December home sales topped the previous month by a double-digit percentage, defying the usual slowdown brought on by seasonal influences, according to a survey of metros nationwide.
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