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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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New York Buys Distressed Mortgages to Fight Zombie Homes

New York Gov. Andrew Cuomo has announced that the state, working through its Community Restoration Fund, has purchased 172 distressed mortgages in high-foreclosure areas, hoping to help keep the homeowners in their homes and avoid letting more abandoned properties fill ...

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For Single-Family Rentals, Low Vacancy Rates Mean Rent Growth

CoreLogic has released its February U.S. Economic Outlook, with the spotlight this month turning toward the single-family rental market, and specifically the relationship between vacancy rates and rent price growth. As explained by CoreLogic Chief Economist Dr. Frank Nothaft, single-family ...

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“No Further”: CFPB Plan Limits Bureau’s Mission

4:51 p.m. CST // On Monday afternoon, the Consumer Financial Protection Bureau officially released its strategic plan for fiscal years 2018 - 2022, confirming a shift away from enforcement that had been rumored by alleged internal memos earlier during the day. In ...

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Docutech’s Amy Brandt Appointed to CEO

Docutech, Idaho Falls, Idaho- and Scottsdale, Arizona-based provider of document, eSign, eClosing, and compliance technology for the mortgage, home equity and consumer lending industries, has named Amy Brandt as its new CEO. Brandt, formerly President and COO, will continue to ...

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