News

Government-sponsored enterprise Freddie Mac has announced a set of new foreclosure prevention guidelines and revisions in Guide Bulletins 2014-19 and 2014-20.

According to an announcement, CoreLogic created the solution as a faster, cheaper, configurable way for servicers to check a number of factors related to a loan's status and viability, including lien status, current equity position, and the borrower's updated credit profile. The end result is a platform intended to allow firms to easily render modification and forbearance decisions in a compliant way.

Arizona-based hazard claim and Federal Housing Administration (FHA) repair management pioneer Superior Home Services has announced that Ruth Delgado has joined the company as assistant VP of insurance operations.

Federal Housing Finance Agency (FHFA) director Mel Watt will testify before the Senate Committee on Banking, Housing, and Urban Affairs in an open session on Wednesday, November 19.

In its annual report to Congress, the U.S. Department of Housing and Urban Development (HUD) announced on Monday that the Federal Housing Administration's Mutual Mortgage Insurance Fund has grown by $21 billion in the last two years and now has an economic value of $4.8 billion with a current capital ratio of 0.41 percent after being in the red two years ago.

Consumer sentiment in the United States jumped more than two points in a preliminary November estimate, beating economic forecasts and hitting a more than seven-year high.

In a survey conducted as part of The Collingwood Group's Mortgage Industry Outlook Report for October 2014 released on Monday, the majority of mortgage industry professionals who were surveyed said they did not expect business conditions to be drastically different in the next six months.

The October 2014 Employment Situation Summary released by the U.S. Bureau of Labor Statistics (BLS) on November 7 reported a nationwide unemployment rate of 5.8 percent, the lowest level in more than six years. However, a report released recently by the Pew Research Center indicates that while the U.S. unemployment rate is low, the number of people who are "not in the labor force," meaning they are not counted among the unemployed in the BLS survey, is near an all-time high.

As federal housing agencies push mortgage firms to lend to more consumers, a recent survey indicates most lenders feel the regulatory risk is still too great for them to lower their standards.

East Point Systems, a Connecticut-based field service software solutions provider for the default mortgage field service industry, has announced the launch of Analytics Dashboard, a business intelligence platform that allows businesses to make quick decisions based on real-time data.