News

At the NPPC, leaders from HUD, the GSEs, mortgage servicers, and field services companies gathered at the Mayflower Renaissance hotel to collaborate on the best practices for preserving and protecting vacant and abandoned residential properties. In his opening remarks, Delgado called for balance and a common sense approach to regulation regard to the mortgage industry.

Mortgage delinquency rates continued their trend of year-over-year double-digit declines in the third quarter of 2015, which contributed to the strong performance of consumer credit markets during Q3, according TransUnion’s Q3 2015 Industry Insights Report released Monday.

Rosenberg & Associates, LLC, a firm that provides superior legal services to its clients in all areas of real estate law and creditors' rights, has announced the hiring of Jordan Kozik as a new attorney.

The Compliance Group, Inc. (TCG), a mortgage compliance and quality control services provider, has announced the hiring of Michelle Doyle as its new Director of Quality Control.

FY2015 marked the third consecutive year of economic growth for the FHA’s MMI fund. The growth of the fund allows FHFA to expand credit access to qualified borrowers; the annual report noted a significant increase in loan volume during FY 2015 which FHA largely attributed to a reduction of 50 basis points to mortgage insurance premiums (MIPs) in January 2015.

The outlook for the annual growth rate of the U.S. gross domestic product (GDP) for the next two years looks somewhat softer compared to what it was three months ago, according to a survey of 45 forecasters conducted by the Philadelphia Fed.

Just a few days after proposing to eliminate several government agencies, including HUD, Texas Senator and Republican presidential hopeful Ted Cruz agreed to cosponsor the latest Federal Reserve Act of 2015 (S. 2232), commonly known as the “Audit the Fed” bill introduced by Sen. Rand Paul (R-Kentucky).

Stewart Title and zipLogix, a forms software provider and partner to the National Association of REALTORS, announced today that a strategic partnership to offer REALTORS a point of sale for title and escrow services from within zipForm will take place.

“Housing prices are rising and the constraint on growth in residential investment now appears to be more on the supply side, as building contractors struggle to mobilize the resources needed to construct more homes,” Dudley said. "The National Association of Home Builders’ index rose in October to the highest level since late 2005. While the housing indicators will likely continue to be volatile on a month-to-month basis, I expect the gradual improvement in the housing sector to continue.”

But on Thursday, the company announced that it will postpone the biggest IPO of the week, due to rough conditions in the market. Conditions, have, of course, been stormy on Wall Street to say the least. On Thursday, the Dow Jones Industrial Average dropped 254.15 points, or nearly 1.5 percent. Over the preceding week, it has dropped a total of 2.3 percent.