Less than half of the states have judicial foreclosure laws, yet more core-based statistical areas from these states among near the top 10 and top 25 lists for most foreclosures than CSBAs in non-judicial states.
Read More »Government on the Hook for Larger Pool of Loans
The news for the housing industry has not been positive in the last few days from the reports of low inventory, rising prices, stagnant wage growth, and disappointing new home sales. Default risk on Agency mortgage loans is increasing as well.
Read More »Collection Records Show Many Who are Evicted are Repeat Offenders
An analysis revealed that rental-related collection records and prior evictions can be highly predictive of renters' future behavior.
Read More »CFPB Dispels Myths Surrounding New Servicing Rules and QM Rule
In an address at the National Credit Union Association on Tuesday, CFPB Director Richard Cordray answered criticisms surrounding the Bureau's regulatory changes in the mortgage industry.
Read More »Fed: Banks Beginning to Ease Lending Standards
Banks have come under fire for their tight lending standards adopted in the wake of the crisis, but the Fed reported that some banks are beginning to lighten up.
Read More »Note to Single-Family Rental Investors: Check These Markets
Investors who are looking to expand their footprint in the SFR space may want to look in one of the markets that has the highest cap rate. Where are those markets located?
Read More »Tight Inventory Persists Heading into Spring Homebuying Season
Existing-home sales reached a six-month high in January, but the combination of persistent tight inventory and rapid price appreciation in the housing market may make it tough for would-be homebuyers this spring.
Read More »CFPB Director Cordray Doubles Down on Arbitration Clause Stance
The director said that some of the broader ramifications surrounding arbitration clauses "are surprising and even breathtaking in their scope."
Read More »Are Legacy HELOC Borrowers at Significant Risk of Default?
Some in the industry have expressed concern that a large number of borrowers with legacy HELOCs will default because they cannot handle the payment shock that awaits them when they reach their end-of-draw period. How are they handling it so far?
Read More »Agency First-Time Buyer Mortgage Risk Continues Upward Move
What is driving the increasing disparity in risk between Agency first-time buyer mortgage loans and repeat buyer mortgage loans?
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