Daily Dose

HUD has announced the latest sale in the Distressed Asset Stabilization Program (DASP), Single Family Loan Sale 2016-1 (SFLS 2016-1) consisting of one offering date with National Pools and Neighborhood Stabilization Outcome (NSO) Pools offered on November 18, 2015.

The economy has experienced 67 straight months of private sector job growth and the unemployment rate is at its lowest level since 2008 (5.1 percent), serving as " proof that the broad-based federal response to the financial crisis was effective in stabilizing our economy and setting the table for sustainable growth," the authors said.

San Francisco-based non-profit California Reinvestment Coalition (CRC) filed a lawsuit in federal court against HUD, claiming that the Department improperly denied a fee waiver for a Freedom of Information Act (FOIA) request, according to an announcement from CRC.

The summit will include labs covering such topics as acquisition, securities, financing, insurance and law, disposition strategies for the SFR market, and rehab. It will also feature an exhibit hall, a general assembly on property management, a dialogue on how to gain scale and the challenges it presents, and several networking events.

REO inventory for the GSEs totaled about 88,000 at the end of Q2, a decline of 14 percent from the end of Q1 (about 102,000) and 34 percent from the end of Q2 2014 (134,000), according to FHFA.

Another $186 million in compensation will be awarded to 1,461 service members and their co-borrowers over the unlawful foreclosure of their homes as part of the Department of Justice's settlement with five of the nation's largest mortgage servicers, according to ...

Foreclosure starts and foreclosure completions were also down over the year, according to the OCC. Servicers initiated 70,728 foreclosures during Q2, which was down from 11.3 percent in the same quarter in 2014. Completed foreclosures during Q2 totaled 37,725, which was a drop of 23.4 percent from a year earlier

Amid all the good news for housing lately, foreclosure starts were up by 7 percent in August—driven by a rise in the amount of repeat foreclosures, according to the August 2015 Mortgage Monitor released by Black Knight Financial Services on ...

The latest round of funding will go to support the Homeowner Protection Program (HOPP), which is a statewide network of nearly 90 housing counseling and legal services agencies that provide free, high quality assistance to help struggling homeowners avoid foreclosure and stay in their homes.

House Majority Leader Kevin McCarthy recently released a statement announcing that the House will vote on the Homebuyers Assistance Act next week for those putting forth effort to comply with TRID.