First American CoreLogic, a member of The First American Corporation family of companies, today released the industry’s first state-level assessment of negative equity estimates for all single-family residential properties in the United States.
Read More »Mortgage Fraud Down, But Tied to Foreclosure
According to a report on PR Newswire earlier this week, mortgage fraud activity dropped during the third quarter. This conclusion was based on data from the FraudBlogger Index published by MortgageDaily.
Read More »National Trend of Home Price Declines Continues
Standard & Poor’s released its S&P/Case-Shiller Home Price Indices yesterday, reporting on data through August 2008. The study is considered one of the leading measures of U.S. home prices and shows continued broad based declines in the prices of existing single family homes across the country – a trend that prevailed throughout the first half of 2008 and has continued into the second half.
Read More »The Numbers of the GSE Takeover, and Counting
Between them, Fannie Mae and Freddie Mac own $5.4 trillion of the nation’s $12 trillion in residential mortgage debt. As part of the federal government’s takeover of the two government-sponsored enterprises (GSEs), the U.
Read More »CampusMBA Offers Course in Loss Mitigation
All the turmoil in today’s mortgage banking sector has made the need for qualified loss mitigation professionals much more poignant. The Mortgage Bankers Association (MBA) says its education platform, CampusMBA, is prepared to meet this need through the launch of a new instructor-led workshop focusing on the practice of loss mitigation.
Read More »Subprime Crunch Hurts GMAC in 2007
GMAC Financial Services, a financial services company, said it experienced a net loss of $724 million in the fourth quarter of 2007 and an annual net loss of $2.3 billion for the entire year. The financial services giant blames troubles experienced at its lending subsidiary Residential Capital, LLC, (or ResCap) for the company’s many losses last year.
Read More »Concerned Borrowers Flood HOPE Hotline in Third Quarter
Concerned homeowners continue to flood the HOPE Hotline—a national loss mitigation hotline designed to help homeowners mitigate the risk of foreclosure and a key part of the Homeownership Preservation Foundation (HPF).
Read More »HGTV Host Whang Promotes MBA Initiative
Suzanne Whang, HGTV television host of House Hunters and home-buying author, has parterned with the Mortgage Bankers Association to promote the trade group’s Home Loan Learning Center next month during National Homeownership Month.
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