A new study has found that one in 75 homes nationwide were considered zombie properties in the fourth quarter of 2021, with counts likely to rise as national foreclosure moratoria end.
Read More »Flagstar Bank Names New EVP, Servicing Head
James Campbell comes to the company from Caliber Home Loans, where he has a track record of working with origination partners in all four lending channels—retail, wholesale, correspondent, and direct-to-consumer.
Read More »New Home Buyers Can Expect to Pay a Premium
New research by Knock, a digital homeownership platform, confirmed something that many homebuyers have already discovered: they are being priced-out of the new home market. While the uptick in new construction has been viewed as a positive sign for buyers, soaring prices and low ...
Read More »Inventory Begins to Fall as 2021 Comes to a Close
Month-over-month, contract signings fell 2.3% in September from August, and slid 8% year-over-year, as NAR reports nominal house price growth has been outpacing house-buying power with rates on the rise.
Read More »OCC Delivers Consent Order Against Cenlar
Mortgage servicer to take comprehensive corrective actions to address identified deficiencies, and implement internal controls and risk management practices.
Read More »Covius Acquires Nationwide Title Clearing
Covius Holdings, Inc. (Covius), a provider of technology-enabled solutions to the financial services industry, announced that it has completed the acquisition of Palm Harbor, Florida-based Nationwide Title Clearing, LLC (NTC) and that approximately 670 NTC associates and senior management have joined Covius. Founded in 1991, NTC is a provider of lien ...
Read More »Mortgage Fraud Risk Rises Significantly in Q2
With a 37.2% national year-over-year increase in mortgage fraud risk in the second quarter of 2021, CoreLogic reports an estimated 0.83%—or one in 120—of all mortgage applications contained fraud.
Read More »FHFA Seeks Comment on New GSE Disclosure Requirements
Additional disclosure requirements drafted to promote market discipline and risk management practices at both Fannie Mac and Freddie Mac.
Read More »Data Points to Disconnect Between Tech Spending and Lender Productivity
FOMO, or the fear of missing out, is a type of anxiety that stems from the belief that others might be having fun or doing better while you are not. Most people are not immune to FOMO and new research by the STRATMOR ...
Read More »Rise in Rates to Impact Consumer Affordability
Economists have found that improvements in the economy and a rise in wage growth will continue to push mortgage rates upward and decrease consumer house-buying power as 2021 bleeds into 2022.
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