A new brief released by the Urban Institute explores ways to improve Federal Housing Administration (FHA) foreclosure timelines and conveyance processes so as to drive down costs and make things more efficient. The brief is the third in a series ...
Read More »The Best and Worst States for Property Taxes
According to the U.S. Census Bureau, the average American household spends $2,197 on property taxes for their homes each year. That’s no small chunk of change for many households, so property taxes are inevitably a factor when homebuyers are trying ...
Read More »Puerto Rico Receives Mixed Messages From Treasury, FHA
The U.S. Treasury cut a disaster relief loan to Puerto Rico by over 50 percent this week, according to the island’s Gov. Ricardo Rossello. This relief fund of $4.7 billion was provided in October, during the aftermath of Hurricane Maria, ...
Read More »The Housing Market’s Long March to Recovery
Between December 2007 and June 2009, U.S. households lost over $16 trillion in net worth. That’s one of the stark figures that opens CoreLogic’s new special report entitled “Evaluating the Housing Market Since the Great Recession.” The report tracks the ...
Read More »The Industry Pulse: Updates on Black Knight, Old Republic, and More …
Which companies are merging, and what professionals are moving? See some highlights in this update of the housing and mortgage industries. Jacksonville, Florida-based Black Knight Inc.announced today that Rushmore Loan Management Services LLC, a multi-faceted residential mortgage servicer and lender located in ...
Read More »Exclusive Content: What’s New in DS News Magazine?
The latest issue of DS News magazine is now available in print and online, taking you deeper into the topics and challenges facing the housing and default servicing industries. The spectacular rise (and recent fall) of Bitcoin prices have helped ...
Read More »Pending Home Sales on Slippery Slope
An overall growing economy, rising incomes, and a strong job market did little to increase the number of buyers signing on the dotted line to achieve their dream of being a homeowner. In fact, pending home sales fell to their ...
Read More »Ocwen Reports Losses for 2017
Ocwen Financial Corporation, an Atlanta-based financial services holding company, reported a net loss of $128.5 million for 2017, and a pre-tax loss of $45.3 million in Q4 alone. This comes the day after the announcement that Ocwen was purchasing PHH ...
Read More »What’s Happening to Mortgage Default Risks?
The UFA Default Risk Index, which measures the risk of default on newly originated nonprime mortgages, climbed seven points between Q4 2017 and Q1 2018, hitting 108. According to the latest UFA Mortgage Report released by University Financial Associates of ...
Read More »San Francisco and San Jose Approaching Pre-Crash Highs
The most recent Home Value Forecast (HVF) Monthly Housing Report by Pro Teck caught its readers with a bit of a surprise. There were some new additions to the company’s top 10 list of core-based statistical areas (CBSAs) that saw ...
Read More »