In a statement released Wednesday, PHH said they will implement new servicing standards as part of a settlement with a multi-state group of state attorneys general, as well as following a “testing and reporting process to ensure compliance with the ...
Read More »Average Credit Scores for Potential Homebuyers Dip
The credit score for all borrowers dipped to 722 in November 2017 from 728 in November 2016, according to a report released by Ellie Mae, a cloud-based platform provider for the mortgage finance industry, on Wednesday. The report, which also ...
Read More »Landmark Network, Inc. Announces Support Program for Lenders
Landmark Network, Inc., a Los Angeles-based appraisal management company that offers a full range of national valuation and technology solutions, recently announced the launch of Wholesale365, a specialized program designed to enhance the service experience for wholesale lenders and their ...
Read More »Fed Anticipates Economic Boosts from Tax Bill
The Federal Reserve released the minutes for the Fed’s December 2017 Federal Open Market Committee meeting on Wednesday afternoon, providing insights into the recent decision to increase interest rates, as well as other key economic concerns. That meeting saw the ...
Read More »Spend the Money, Fix the Roads, Woo the Homebuyers
Rebuilding the national infrastructure was one of the major talking points for candidates on the Presidential campaign trail. That priority fell out of focus in 2017 as Congress put their energy toward first health care reform and then tax reform, ...
Read More »Americans Migrated West and South in 2017
States in the Mountain West, Pacific West, and the South saw strong inbound migration for 2017, according to United Van Lines' 41st Annual National Movers Study. The Study tracks state-to-state migration patterns during a given year. For 2017, Vermont, Oregon, ...
Read More »HELOC Rates Could Jump 75 Basis Points in 2018
For borrowers hoping to secure a home equity line of credit (HELOC) in 2018, sooner rather than later would be the best approach according to a new 2018 forecast by Bankrate. With the Fed recently increasing interest rates, Bankrate predicts ...
Read More »Economic Growth and Job Gains to Fuel Housing Market
In its monthly video series highlighting housing data, The National Association of Realtors lists the top trends in real estate for 2018.
Read More »Cities Where 50 Percent of Households Can’t Afford a Home
Homeownership is likely to be out of reach for more than 50 percent of the households in some of the most expensive cities in the U.S. a study found.
Read More »FHFA Credit Changes Could Expand Homeownership
With the Enterprises considering major changes when it comes to GSE credit score standards, a FICO representative says they welcome the competition—so long as it’s fair.
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