In an effort to provide more liquidity and lower costs for borrowers, Freddie Mac has announced that it will begin issuing new 55-day “mirror” mortgage-backed securities. These securities will be available for the current population of exchange-eligible 45-day Freddie Mac ...
Read More »Court of Appeals Addresses Debt Collector License Requirements
A Maryland court has reversed a November decision that changed the licensing requirements for mortgages held by investors and statutory trusts. This week a Court of Appeals has addressed the case.
Read More »Fannie Mae Earnings Increase in Q2
Fannie Mae’s earnings are up, and its delinquency rates have returned to their downward slide after a hurricane-driven increase late last year. Here are the details.
Read More »Do Regulatory Changes Mean More Compliance Expenses?
A recent report analyzed the impact of the recently passed Regulatory Relief Bill on the time and money spent by financial institutions on compliance. Click through to learn the findings.
Read More »Hurricane Harvey’s Effect on Flood Insurance Coverage
The vast majority of homeowners affected when Hurricane Harvey made landfall in the Houston area didn’t have flood insurance. A year later, rates of coverage are up in the area … but will they stay that way?
Read More »Wells Fargo Settles Allegations of Fraud for $2.09B
Wells Fargo Bank—a subsidiary of Wells Fargo & Company—has reached a settlement with the United States, as represented by the Department of Justice (DOJ), to the total of $2.09 billion for allegations that the bank originated and sold residential mortgage ...
Read More »Homebuyer Demand Cools Off
Despite new inventory in a few major cities, demand for housing has decreased, according to a report. So what's behind the drop?
Read More »A Snapshot of Economic and Housing Trends
The Fed, after its latest meeting, upgraded its view on the economy. While echoing the Fed’s sentiments on the economy, here’s what a report from the Treasury said about the housing market.
Read More »Home Prices Remain High, Continue Yearly Growth
Home prices continued their steady year-over-year incline in May, reaching a price growth of 6.4 percent since May 2017, according to the most recent Case-Shiller Home Price Index from CoreLogic. Despite this, hopeful homebuyers still felt a modicum of relief, ...
Read More »Real Estate Development vs. Climate Change
What happens when surging real estate development collides with the realities brought about by climate change? Find out how one community is facing those challenges.
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