As the only democratic candidate without a super PAC, Sen. Sanders mentioned that he is not asking Wall Street or the billionaires for money. He then presented a plan from the past to reinvigorate the banking industry in America.
Read More »High Rents Put Would-Be Homebuyers in a Catch-22
Most renters are putting about 30 percent of their monthly income toward their rental payment, which makes saving for a 10 or 20 percent down payment difficult. This conflict forces first-time buyers and millennials to pursue other options when looking to purchase a home, such as help from family or friends.
Read More »Investors Must Consider Prices, Job Market, and Yield When Seeking SFR Properties
The data, which examined 55 of the largest metro areas across the country to determine the best markets for single-family home investors looking at median price, average gross rental yields, year-over-year job growth, and home affordability, showed that the top investment market is Charlotte, North Carolina due to its strong job growth.
Read More »FHFA Expands Neighborhood Stabilization Initiative to 18 Metros
The FHFA said that beginning December 1, 2015, local community organizations will be able to review and purchase foreclosed properties owned by Fannie Mae and Freddie Mac in the newly added 18 metro areas before they hit the public market.
Read More »GSEs Announce Lowest Ever Interest Rate on Standard Mortgage Modifications
According to similar releases from the GSEs, starting on November 13, 2015, Fannie Mae will lower its standard modification interest rate from 4 percent to 3.875 percent. Meanwhile, Freddie Mac will lower its standard modification interest rate by the same amount beginning on November 5, 2015.
Read More »OCC to Test Banks for TRID Compliance
The OCC provided guidance on what to expect in their forthcoming TRID compliance exams directed to “chief executive officers and compliance officers of national banks and federal savings associations, federal branches and agencies, department and division heads, all examining personnel, and other interested parties.”
Read More »Fannie Mae, Freddie Mac Q3 Earnings Reports Fuel Bailout Speculation
The GSEs have been under FHFA conservatorship since September 2008, at which time they needed a combined bailout of $187.5 billion from taxpayers in order to stay afloat and "preserve and conserve their assets and property and restore them to a sound financial condition so they can continue to fulfill their statutory mission of promoting liquidity and efficiency in the nation's housing finance markets," according to FHFA's website.
Read More »Chronos Solutions, RealtyBid Unveil Trustee Sale Plus Auction Service
Chronos Solutions, formerly Matt Martin Real Estate Management, a diversified national real estate services firm, recently introduced a new service to help sellers in the disposition of HUD, VA, and non-performing loan (NPL) sales via its affiliate company, RealtyBid.
Read More »Stewart Title Partners With PEXA to Cover ‘Lodgement Gap’ Risk
As part of the partnership, Stewart Title Limited allows PEXA to cover the ‘lodgement gap’ in relation to transactions conducted on the PEXA platform by underwriting the risk.
Read More »VRM Mortgage Services Awards Grant to U.S. Air Force Veteran
VRM Mortgage Services (VRM), an outsourcing solutions provider for residential and commercial assets, recently announced that it has awarded a $10,000 grant to U.S. Air Force veteran Darryl Lal through the Asian Real Estate Association of America’s (AREAA) Education Foundation.
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