Document preparation service GuardianDocs, a division of Denver, Colorado-based domestic-based end-to-end mortgage services provider LenderLive Network, is seamlessly integrated with Calyx Software, a Dallas, Texas-based mortgage solutions provider for banks, credit unions, mortgage bankers, and brokers, according to an announcement from LenderLive Network.
Read More »Optimism May Drive Home Purchase Market for Remainder of 2015
Optimism among consumers about the housing market has reached new survey highs and strong job and income growth are making consumers appear more favorable in the selling market, indicating a possible increase in the existing home supply.
Read More »Freddie Mac Encourages Homebuyers to Utilize Housing Counselors
Counseling may reduce the risk of a first-time homebuyer becoming seriously delinquent by an average of 29 percent on affordable mortgages that required pre-purchase housing counseling, according to research from Freddie Mac. The study also found that one-on-one counseling, classroom counseling, and home study via the Internet, which are the three most common types of housing counseling, are equally effective.
Read More »House Committee Schedules Hearings Marking Anniversary of Dodd-Frank
The first hearing, titled "Dodd-Frank Five Years Later: Are We More Stable?" will begin Thursday, July 9, at 10 a.m. Eastern time. The second hearing, titled "Dodd-Frank Five Years Later: Are We More Prosperous?" is scheduled for July 28. The date of the third hearing in the series, titled "Dodd-Frank Five Years Later: Are We More Free?" will be announced later, according to the Committee.
Read More »Opportunities Still Exist for Real Estate Investors Despite Foreclosure Inventory Decline
The data points out markets that will make profitable rental markets and where home prices are likely to increase at a good rate over the next few years. These markets must have a population that is growing at a rate of 4 percent or better with people coming into the area in search of jobs.
Read More »Delinquency Rate Sees Largest Monthly Increase Since November 2014
May 2015's increase was also the largest month-over-month spike for any month since it jumped by 12 percent in November 2014. That month, just like May 2015, ended on a Sunday. According to Black Knight, months that end on a Sunday historically trigger increases in delinquency rates; the top five month-over-month increases in the last seven years have all come on months that ended on a Sunday, Black Knight reported.
Read More »CUNA Asks CFPB to Delay TRID Effective Date Until January 1, 2016
The Bureau had also received many requests from lawmakers, lenders, and other mortgage industry professionals who are concerned with their ability to become fully compliant with the requirements of the rule in time for the original August 1 effective date.
Read More »NetDirector Launches Integration With Fannie Mae’s Default Managing Reporting System
Cloud-based data exchange provider NetDirector, headquartered in Tampa, Florida, has announced the launch of an integration with the Default Managing Reporting System (DMRS) of Fannie Mae, according to an announcement from NetDirector.
Read More »Aged Foreclosure Population Sees Significant Improvement
Aged foreclosure inventory, which is comprised of residential mortgage loans in active foreclosure that are at least two years delinquent, has seen significant improvement in the last seven months, according to Black Knight Financial Services' May 2015 Mortgage Monitor released Monday.
Read More »Housing Growth Expected to Slow For the Remainder of 2015
In January, the company forecasted total national housing market growth for 2015 to reach 1.3 percent, more than five percent lower than growth for 2014 at 6.7 percent. The adjusted forecast presumes that year-end national growth will come in at 2.6 percent, falling within the projected range of 1 percent to 3 percent.
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