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Home Point Financial Joins Black Knight’s LoanSphere MSP System

Data

Florida-based Black Knight, Inc. has announced that Home Point Financial, a national, multi-channel mortgage originator and servicer, went live on Black Knight’s premier loan servicing system, LoanSphere MSP, as well as its suite of default products. MSP is a comprehensive, end-to-end system ...

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Home Flipping on the Rise as House Prices Soar

home flipping

CoreLogic data reveals that the nationwide ration of flipped properties to home sales hit 6.2 percent during Q1 2018, matching the post-crash high reached in Q1 2013. However, even as the number of investors flipping homes is increasing, so too ...

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Q1 Mortgage Delinquency Snapshot

As we approach hurricane season again, the impact of last year’s damaging storms are still being felt in the form of elevated 90+ day delinquency rates in some affected communities. According to the Mortgage Bankers Association's (MBA) National Delinquency Survey, ...

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The Hypervacancy Problem in American Cities

residential segregation in housing

Over the last few decades, housing vacancies have become more widespread in many American communities. That’s according to a new report published this week by the Lincoln Institute of Land Policy. But why is the problem so widespread, and what ...

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What Fannie Forecasts for Housing in 2019

Fannie Mae Economic and Strategic Research Group’s May 2018 Economic and Housing Outlook predicts continued economic growth throughout the rest of 2018. As we enter 2019, however, the GSE forecasts a potential change in that momentum. According to Fannie’s May ...

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Low Credit Scores Add Up

credit scoring

A “fair” credit score between 640 and 679 could cost a borrower around $720 a year in extra mortgage payments than a borrower with an “excellent” score, according to a new Zillow study. Zillow analyzed Annual Percentage Rate (APR) terms ...

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Goldman Sachs Mortgage Relief Settlement Actions Near $1B

Goldman Sachs is approaching the billion-dollar mark for mandated consumer-relief actions stemming from two mortgage-related settlement agreements with the U.S. Department of Justice and three states. Professor Eric D. Green, who serves as independent Monitor for the company’s consumer-relief agreements, ...

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Mulvaney: CFPB to Enforce, ‘Not Become the Law’

CFPB

Speaking at an industry conference this week, Mick Mulvaney, Acting Director of the Consumer Financial Protection Bureau, outlined the bureau’s ongoing shift away from “regulation by enforcement” and toward more regulatory clarity. During a keynote speech at the 2018 REALTORS ...

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What’s Happening With Single-Family Rentals?

non-owner-occupied

Single-family rents have been climbing steadily since 2010, but the latest edition of the CoreLogic Single-Family Rental Index (SFRI) also shows year-over-year (YOY) rent growth also continuing to decelerate in February 2018. That slow deceleration has been the norm since ...

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Michael R. Bright Nominated to Head Ginnie Mae

On Tuesday, the Trump administration announced that it was nominating Michael R. Bright as President of the Government National Mortgage Association, otherwise known as Ginnie Mae. If confirmed, Bright would be the agency’s first permanent head since Ted Tozer stepped ...

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