News

So far, 2017 is looking up‒‒or, rather, down‒‒when it comes to foreclosures and distressed properties. But will downward trends continue?

A major company in the mortgage industry shed hundreds of nonperforming loans recently. Read on to find out which company, and how much their haul was for.

It seems renters may finally be setting their sights on homeownership, if a new analysis released on Thursday rings true. In the first quarter of this year, the share of home shoppers who were either non-homeowners or renters rose noticeably over recent years. But what could it mean for investors and lenders? And will the uptick continue?

According to a recent report, May delinquencies saw a reversal in performance compared to last month. Record highs were hit in prepayments, which also indicate refinance activity. See what state only has 2.12 percent of borrowers past due on their mortgage.

OrangeGrid, a provider of highly configurable business process workflow solutions to the financial services industry, announced that Barry Owens, a seasoned professional with nearly three decades industry experience, has joined its growing team as VP of business development.

When employers quantify their satisfaction with their CEOs in a customer service heavy industry, how do mortgage professionals and servicers compare to leaders in other industries? What are the criteria to building a successful business and keeping your employees happy? Two industry CEO’s made a recently released top 100 list, and one shares his view to the future.

Despite the fact that many of the nation’s largest banks saw lower profits in the first quarter—compared to the fourth quarter of 2016—and that mortgage demand fell during the same period, industry surveys show lender confidence is high that 2017 will be a good year for home finance.

Close to 5,000 U.S. areas are eligible for consideration under the Community Reinvestment Act (CRA), according to a list released by several government agencies on Wednesday. The Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Board of Governors of the Federal Reserve System released their joint list of distressed or underserved nonmetropolitan middle-income geographies today, which pinpoints the thousands of low- and moderate-income CRA-eligible communities across the nation. Enacted in 1977, the Community Reinvestment Act encourages banks to better meet the needs of the communities in which they operate.

With housing prices continuing to climb, and the housing shortage steadily creeping forward, more metros are seeing a significant majority of their homes hit the million dollar mark. And while that doesn’t necessarily mean homebuyers get less for more, it does mean that “affordable” housing in certain highly desired areas of the country might come with an extra zero on its price tag. See what metros had the largest share of million dollar homes.

Vendor Resource Management, Inc. announced that the U.S. Department of Veterans Affairs has awarded the company with a 10-year contract for program management, marketing, and other real estate services on the VA’s portfolio of sing-family residential real estate. Headquartered in Carrollton, Texas, VRM is a nationwide financial services solution and REO services company helping lenders, servicers, investors and government agencies increase compliance, reduce operational and reputational risk, decrease loss severity and improve origination and servicing returns.