On Thursday, Ginnie Mae—the government-owned corporation that attracts global capital into the housing finance system—announced that issuance of its mortgage-backed securities (MBS) totaled $36.41 billion in January 2018. This brings Ginnie Mae’s total outstanding principal balance to $1.924 trillion, up ...
Read More »FEMA Aid for Some Displaced Puerto Ricans Running Out
At the beginning of February, HUD announced that $1.5 billion in aid was being allocated toward Puerto Rico’s recovery from a brutal hurricane season, designed to “support long-term recovery of seriously damaged housing and local businesses in Puerto Rico,” according ...
Read More »Drop-In Centers Working to Assist Hurricane-Impacted Texans
It’s been six months since Hurricane Harvey made landfall in Texas, but many residents in the South Texas area are still trying to recover from the storm’s impact. Post-storm mortgage delinquencies spiked as affected homeowners missed payments or worked to ...
Read More »Freddie Mac Takes Q4 Hit
Like its sister agency, Freddie Mac this week reported large Q4 losses that will require government bailout money for the first time since 2012. The major difference is that Freddie won't need as much money as Fannie Mae. On Thursday, ...
Read More »Exploring Ethics in REO
On Thursday, February 15, from 2:00 p.m. to 3:00 p.m. CST, the Five Star FORCE (The Federation of REO Certified Experts) will host the “Ethics Matter” webinar. The presentation will focus on the value of ethics in real estate as ...
Read More »Is the Sky Falling Over the Housing Market?
Editor's note: This story was originally featured in the February issue of DS News, out now. As we go deeper into 2018, it’s safe to say the housing industry is poised for further growth. More first-time homebuyers are reported to be flooding ...
Read More »Florida Foreclosure Ruling Impacts Recoup of Legal Fees
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 ...
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