A new report finds continuing escalation of housing prices amid a bullish economy. But industry insiders aren’t 100 percent happy with the whole housing picture.
Read More »As Stocks Tumble, Lenders Take a Hit
The Dow Jones industrial average closed down 1,200 points on Monday, after having dropped 1,500 points earlier in the day. This came on the heels of a 666-point drop in the Dow last Friday. With the Standard & Poor’s index ...
Read More »Reverse Mortgage Volume Hits Its Highest Point Since 2011
Reverse mortgage numbers spiked in January 2018, clocking in a 32.5 percent month-over-month growth in endorsements over December 2017, according to the latest data from Reverse Market Insight, Inc. (RMI) That would be noteworthy in and of itself, but that ...
Read More »$1.5 Trillion Worth of U.S. Homes Threatened by Wildfires
According to the California Department of Forestry and Fire Protection, last year’s California wildfire season was the most destructive on record, with over 9,000 fires burning more than a million acres in 2017. Moreover, some of those fires swept through ...
Read More »Foreclosure Starts and Completions Hit 17-Year Lows
Mortgage delinquencies hit a 23-month high as 2017 wrapped up, surging by 164,000 year-over-year, according to the latest Mortgage Monitor Report from the Data and Analytics Division of Black Knight, Inc. However, that figure only tells part of the story. ...
Read More »First American Acquires Bank of America’s Lien Release Business
First American Financial Corporation, a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced the completion of its acquisition of Bank of America’s lien release business. Bank of America’s lien release business ...
Read More »USRES Integrates with LendingQB to Enhance Mortgage Industry Presence
US Real Estate Services, Inc. (USRES), a provider of REO Asset Management, Default Ancillary Services, and Valuation Solutions nationwide announced it is now integrated to LendingQB’s cloud-based loan origination solution (LOS) to further expand its reach and enhance the customer ...
Read More »Single-Family Rental Lease Expirations and Vacancy Rates Improving
Both lease expirations and vacancy rates among single-family rental securitizations showed continued improvement in December 2017, according to the latest data from Morningstar Credit Ratings, LLC. According to Morningstar, single-borrower, single-family rental lease expirations declined for the second consecutive month, dropping ...
Read More »Title Touches Everything: Streamlining Communications in Default Servicing
Title insurance and title-related products are an integral, and often expensive, part of the mortgage default process. Every aspect of default servicing touches title, from loss mitigation to REO disposition. Although many servicers have designed their internal functions, groups, and ...
Read More »Florida Ends Housing Aid Program With $88 Million Unspent
On Wednesday, the state of Florida ended three programs designed to distribute federal housing aid funds, all under the banner of the Florida Hardest-Hit Fund (HHF). While that in itself would be noteworthy, the decision to end the programs is ...
Read More »