The HUD Secretary told Congress on Tuesday that 85 percent of the Department's budget would go solely toward renewing rental assistance for nearly 5.5 million households.
Read More »Housing Industry Remains a ‘Bright Spot in the Economy’
Since the crisis, the housing industry has been consistently expanding, but when the pace of growth lost a large amount of momentum in the final quarter of last year, on top of economists' predictions of slow growth, many in the industry are questioning if the expansion is beginning to expire.
Read More »Computershare Acquires Altavera Mortgage Services
Computershare, a global market leader in transfer agency and share registration, employee equity plans, proxy solicitation and stakeholder communications, recently announced that it has signed an agreement to acquire Denver, Colorado-based Altavera Mortgage Services, LLC, a provider of independent, third-party mortgage origination services to residential mortgage lenders.
Read More »Castle & Cooke Mortgage Expands in Utah
Castle & Cooke Mortgage, LLC, an independent mortgage lender with 44 locations across the United States, recently announced the expansion of its footprint in Utah with the opening of its ninth branch in North Salt Lake.
Read More »Life Events and Higher Rents Influence Decision to Buy
The single-family rental market has seen an unprecedented boom in popularity in the last couple of years. But a recent survey indicates that the rising cost of rents, as well as certain life events, are pushing some out of the rental market and into buying.
Read More »TRID-Imposed Closing Delays Elevate Cash Sales Share
The percentage of home sales that were all-cash transactions was higher in November than in recent months due to TRID. Will the cash sales share return to normal or will the delays keep it elevated?
Read More »Servicing Growth Drives Nationstar’s Q4 Rise in Earnings
CEO Jay Bray said the company is entering 2016 "well-positioned from a strategic, operational and capital perspective.”
Read More »Treasury: Recap and Release Not Happening
While a recent speech by FHFA Director Mel Watt has fueled speculation that Fannie Mae and Freddie Mac will be recapitalized and the conservatorship will end, Treasury said that no policy change is imminent.
Read More »What Effect Do Foreclosures Have on the Nation’s Existing-Home Supply?
Instead of thinking of the foreclosure decline as a contributing factor to the drop in existing-home sales inventory, however, it is more accurate to say that existing-home inventory levels in the years immediately following the crisis were boosted by unusually high foreclosure levels.
Read More »Freddie Mac’s Mortgage Portfolio Experiences More Expansion to Start 2016
After growing by more than $30 billion during the full year 2015, the portfolio begins the new year with expansion.
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