The FHFA has released a new paper, authored by Jessica Shui and Shriya Murthy, that examines how appraisals conducted by appraisal management companies compare to those conducted by lenders themselves. What’s the verdict? According to the FHFA paper, “the results indicate ...
Read More »Millennials Spend Nearly $100,000 on Rent by Age 30
Forty-five percent. That’s the percentage of an average millennial’s income that they’ll spend on rent between the ages of 22 and 30, according to a new study by RENTCafé. That definitely sounds like a lot—as does the $92,600 total amount ...
Read More »LoanCare Welcomes EVP of Strategy and Business Development
LoanCare, a national provider of full-service subservicing and interim subservicing headquartered in Virginia Beach, Virginia, announced that Rodney Moss will succeed Gene Ross in the role of EVP of Strategy and Business Development.
Read More »New Ellie Mae Solution Offers Insight to Mortgage Lenders
Cloud-based lending provider Ellie Mae announces its newest solution for mortgage finance industry with Encompass Data Connect.
Read More »NLS Selects RoundPoint Mortgage Servicing as New Subservicing Partner
The chicago-based nonprofit mortgage lender Neighborhood Lending Services selects RoundPoint Mortgage Servicing partner for homeownership opportunity with low-to-moderate-income families
Read More »Fannie Mae Recognized as Largest Issuer of Green Bonds
The Climate Bond Initiative, as part of the Third Annual Green Bond Pioneer Awards, recognized Fannie Mae as the 2017 Largest Issuer of Green Bonds in the world. The awards are a globally recognized symbol of innovation and achievement in green ...
Read More »FHFA: Fannie, Freddie Foreclosure Preventions Top 4M in Q4
The Federal Housing Finance Agency (FHFA) rolled out its fourth-quarter Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac zipped up 67,569 foreclosure prevention actions in the fourth quarter of 2017. Across the board, that brings the number ...
Read More »10 Cities With the Best and Worst Credit Scores
A new report by WalletHub shows that when it comes to solid credit, residents of several cities in Florida and California have the edge on the rest of the country. The firm compared the median credit scores of residents in ...
Read More »Homebuyers, Fixed-income Families Brace for Impact of Rising Prices
As housing prices increase, potential homebuyers and fixed-income homeowners might feel the pinch or see long-term financial benefits if they’re invested in home equity, a Freddie Mac study found.
Read More »Housing Markets Suffer as Young Adults Delay Household Formation
Millennials continue to postpone adult milestones such as household formation, a trend that is having an impact on the national housing market according to a Freddie Mac analysis.
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