DS News talks with Chief Revenue Officer of Altisource John Vella as he shares his views on the challenges impacting the industry in 2018, as well as how new technology is helping servicers manage cost.
Read More »For Sale: Freddie Mac’s First NPLs of 2018
Freddie Mac has announced plans to sell off a pool of $420 million in nonperforming loans—marking the first sale of its kind this year.
Read More »Domestic Spending to Spur Economic Growth
Mortgage rates and home sales are expected to rise in 2018 according to the latest economic and housing outlook by Fannie Mae. The report expects mortgage rates to rise 30 basis points to 4.4 percent by the end of 2018 ...
Read More »Starter Home Values Rising at the Fastest Rate on the Market
According to a recent analysis, the most affordable homes on the market are making the greatest price gains. What factors are driving this appreciation?
Read More »The Industry Pulse: Updates on Mr. Cooper, Black Knight, and More …
Which companies are merging, and what professionals are moving? See some highlights in this update of the housing and mortgage industries. WMIH Corp and Nationstar Mortgage Holdings Inc., with its flagship brand Mr. Cooper (formerly Nationstar), announced a merger earlier this week. The Dallas, Texas-based ...
Read More »Ginnie Mae MBS Outstanding Issuance Approaches $2 Trillion
On Thursday, Ginnie Mae—the government-owned corporation that attracts global capital into the housing finance system—announced that issuance of its mortgage-backed securities (MBS) totaled $36.41 billion in January 2018. This brings Ginnie Mae’s total outstanding principal balance to $1.924 trillion, up ...
Read More »FEMA Aid for Some Displaced Puerto Ricans Running Out
At the beginning of February, HUD announced that $1.5 billion in aid was being allocated toward Puerto Rico’s recovery from a brutal hurricane season, designed to “support long-term recovery of seriously damaged housing and local businesses in Puerto Rico,” according ...
Read More »Drop-In Centers Working to Assist Hurricane-Impacted Texans
It’s been six months since Hurricane Harvey made landfall in Texas, but many residents in the South Texas area are still trying to recover from the storm’s impact. Post-storm mortgage delinquencies spiked as affected homeowners missed payments or worked to ...
Read More »Freddie Mac Takes Q4 Hit
Like its sister agency, Freddie Mac this week reported large Q4 losses that will require government bailout money for the first time since 2012. The major difference is that Freddie won't need as much money as Fannie Mae. On Thursday, ...
Read More »Is the Sky Falling Over the Housing Market?
Editor's note: This story was originally featured in the February issue of DS News, out now. As we go deeper into 2018, it’s safe to say the housing industry is poised for further growth. More first-time homebuyers are reported to be flooding ...
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