Update: As of Friday morning, January 12, the death toll has risen to 17. ______________________________________________ Heavy rains set off a series of massive mudslides in Montecito, California, killing at least 15 people, trapping hundreds more in their homes, and destroying approximately ...
Read More »Proposed Arizona Bill Addresses HOA Foreclosure Timelines
A new bill proposed in the Arizona Senate this week could speed up the timeline for when homeowners associations (HOA) could foreclose on homeowners who become delinquent in their HOA payments. Senate Bill 1080, proposed by Sen. John Kavanagh (R-Fountain ...
Read More »New York City Foreclosed Homes Hit 8-Year High
A report on the state of foreclosures in New York City and Q42017 reflected ongoing trends towards rising foreclosures in the city.
Read More »How Could Housing Reform Affect Rural Mortgage Lending?
According to a new paper published by the Center on Regulation and Markets at the Brookings Institution, rural communities could be dealt a serious blow if housing finance and GSE reform fails to take into account the effect such reform ...
Read More »Are Servicing Reforms on the Horizon?
With housing finance reform legislation once again in the works in Congress, now might be the right time for reforms in the mortgage servicing industry. The first in this three-part series of reports makes a case for the government to review and mitigate the risks associated with inefficient mortgage servicing.
Read More »First-Time Homebuyers Could Face Increased Default Risks in 2018
The American Enterprise Institute’s (AEI) International Center on Housing Risk has released a new installment of its National Housing Market Index (NHMI), examining the state of the market in the second half of 2017 and where it’s likely to go ...
Read More »Cold Weather Means Rental Market Bargains for Investors
For investors looking to find bargains in the single-family rental (SFR) market, winter is here … and that’s a good thing. According to a study by HomeUnion, an online real estate investment and management firm, the off-peak winter period can ...
Read More »Mortgage Delinquencies Begin to Recover from Hurricane Season
Even though last year’s hurricane season is behind us, the aftermath from 2017’s damaging storms continues to be felt both on the ground where the storms made landfall and throughout the housing and mortgage industry still dealing from the fallout ...
Read More »Smaller Banks Picked up RMBS Slack in Q3
The third quarter of 2017 saw many of the larger bank servicers scaling back their portfolios of residential mortgage-backed securities (RMBS), while smaller regional banks and non-bank servicers moved to seize the opportunity, as reported by Fitch Ratings’ latest RMBS ...
Read More »U.S. Housing Market Gets Hot
Technology hubs and South Eastern U.S. cities emerge as the top spots in the 10 hottest housing markets of 2018.
Read More »