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Daily Dose

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 ...

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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 ...

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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 ...

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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, ...

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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 ...

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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 ...

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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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