Collaborative product engineering leader Indecomm Global Services has announced the initiation of IT operations in Costa Rica, offering North American clients the increased efficiencies of service in the same time zone.
Read More »Freddie Mac Turns Profit for Q4, Full Year 2014 Despite Losses from Derivatives
Freddie Mac's fourth-quarter profit only make up a fraction of what it will pay to the government in March. Per the terms of its bailout agreement, the company will hand $900 million over the Treasury, bringing its total payback to $91.8 billion—nearly $20 billion more than what it was forced to draw to keep from going under.
Read More »Analyst Forecasts Low Homeownership Rates Among Job Fields With Most Growth
A recent study from Freddie Mac turned up some discouraging results to throw some cold water on economists' high hopes: The job fields that are expected to grow most in the coming years happen to have some of the lowest homeownership rates.
Read More »Replacement Checks Issued for Unclaimed Foreclosure Settlement Payments
Borrowers eligible for payment will soon be receiving replacement checks for the funds they were scheduled to receive under the Independent Foreclosure Review Payment Agreements, according to an announcement from the Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) on Wednesday.
Read More »Freddie Mac to Announce Q4, Full Year 2014 Financial Results Thursday
Freddie Mac will report its fourth quarter and full year 2014 financial results in a conference call with the media on Thursday, February 19, beginning at 9 a.m. Eastern time, according to an announcement from the GSE.
Read More »Mortgage Delinquency Rate Declines for 12th Straight Quarter
The nation's mortgage delinquency rate for loans 60 days or more overdue continued its steady decline in the fourth quarter of 2014, falling to 3.29 percent – representing a 14 percent drop from the same quarter in 2013 (3.84 percent), according to TransUnion's latest mortgage report.
Read More »Bank of America Provides Nearly $9 Million in Consumer Relief Toward Settlement Obligation
Bank of America has begun the process of paying out $7 billion in consumer relief as part of its record $16.65 billion settlement with the U.S. Department of Justice and six states last August, according to an announcement on the settlement monitor's website. Professor Eric D. Green, independent monitor of the settlement, announced in his initial progress report since the settlement was reached six months ago that Bank of America had correctly claimed credit of approximately $8.94 million for 100 first-lien loan modifications meant to help make mortgages more affordable for struggling homeowners
Read More »The Collingwood Group Hires Former FHFA Senior Policy Analyst as VP
Longtime housing finance policy expert Bonnie McCloskey has joined Washington, D.C.-based business advisory firm The Collingwood Group as vice president, according to an announcement from the firm.
Read More »Aspen Grove Welcomes New Business Solutions Architect
Property-related technology solutions provider Aspen Grove Solutions has announced the hiring of Ron Briggs as the company's business solutions architect.
Read More »Fed: Household Debt Increases
Balances went up across most categories, led by a $39 billion increase in mortgage debt to a total of $8.2 trillion. Student loan debt—a commonly cited obstacle for recent college graduates interested in owning a home—followed closely, increasing $31 billion to a total of $1.2 trillion.
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