Sometimes when you win, you also lose. That’s the reality that may face some foreclosure defendants in the aftermath of a new ruling by a Florida state appellate court, which throws a wrench into a common foreclosure defense strategy. As ...
Read More »Best Housing Rental Investment Markets for 2018
According to CoreLogic Chief Economist Dr. Frank Nothaft, single-family rental stock has been booming in recent years, with CoreLogic reporting an increase by more than one-third over the past decade. But like the old saying goes, rental investment is all ...
Read More »Fannie Posts Q4 Losses, but Remains Optimistic
On Wednesday, Fannie Mae released its Q4 2017 financial statement, and as expected, the GSE posted major losses for the quarter. It also posted an annual revenue in 2017 that was nearly $10 billion down from 2016. By the end ...
Read More »Trusting Data: How Technology Can Lead to Paperless Documentation
I was recently traveling in eastern Europe leaving a country that was a former member of the Soviet Union. Before boarding the plane, I was stopped by that country’s immigration officers. They asked to see my travel itinerary, and I ...
Read More »Serious Delinquencies Spike in Texas, Florida
Except for in the hurricane-hit states of Florida, Texas, and Puerto Rico, delinquency rates across the U.S. declined in November 2017 on a year-over-year basis, according to the Loan Performance Insights Report released by CoreLogic on Tuesday. The report examines ...
Read More »CFPB Asked to Repeal Mortgage Servicing Amendments
A group of a half dozen trade associations recently sent a letter to Mick Mulvaney, Acting Director of the Consumer Financial Protection Bureau. The letter raises objections over 2016 amendments to the CFPB’s 2013 RESPA and TILA Mortgage Servicer Rule, ...
Read More »High Prices Collide With Dwindling Inventory
Median income has risen, yet many potential home buyers are still hesitant. Inventory hit an all-time low, as prices jumped, and reports show this is a trend that may continue.
Read More »Fed’s Kashkari on Interest Rates and Cryptocurrencies
Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, recently participated in a town hall in Pierre, South Dakota, attended by a little over 100 legislators and business leaders. The town hall was moderated by Laura Schoen Carbonneau, CEO ...
Read More »Quickening Mortgage Innovation in an Industry Slow to Change
Stacey Caster is VP, Technology Communications at Quicken Loans, where she previously worked as Director of Telecommunications. Prior to joining Quicken Loans, Caster was Director of Infrastructure Operations at DTE Energy, working to oversee back-end infrastructure for over 10,000 employees ...
Read More »Early-Stage Mortgage Delinquencies Dropped in Q4 2017
According to the MBA’s Fourth Quarter 2017 National Delinquency Survey, general downward trends for mortgage delinquencies continued as 2017 wrapped up, even after the impact of a historically damaging hurricane season. "The 30-day delinquency rate actually dropped by 15 basis ...
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