Established relationships with lenders still play a crucial role for borrowers looking at home equity line of credit (HELOC) according to the latest U.S. Home Equity Line of Credit Satisfaction Study by research and rating firm J.D. Power. The study ...
Read More »Ocwen Mortgage Mods Helped Thousands Avoid Foreclosure Last Year
Falling behind in payments doesn’t have to mean a borrower is doomed to lose their home. Lenders and servicers are often willing to work with the borrower to find options that allow the borrower to remain in their home while ...
Read More »HARP Loans Continue Outperforming Pre-Crisis Mortgages
According to a new report by Moody’s Investor Service, Freddie Mac loans refinanced under the Home Affordable Refinance Program will continue to outperform pre-crisis Freddie loans that did not enter the program, but will also continue to lag behind post-crisis ...
Read More »FHFA Examines the Appraisals Process
The FHFA has released a new paper, authored by Jessica Shui and Shriya Murthy, that examines how appraisals conducted by appraisal management companies compare to those conducted by lenders themselves. What’s the verdict? According to the FHFA paper, “the results indicate ...
Read More »Single-Family Rental Summit Dives Deep Into Investment Opportunities
This week an array of housing and mortgage professionals are assembling at the Renaissance Nashville Hotel in Nashville, Tennessee, as the 2018 Five Star Single-Family Rental Summit kicks off. The three-day event began Monday evening with an opening night reception ...
Read More »Home Valuations After Disaster Strikes
Now and then, Mother Nature reminds us of her power—but 2017 was outrageous. It was a record-breaking year for disasters. According to a recent New York Times report, the combined insured losses from Hurricanes Harvey, Irma, and Maria accounted for ...
Read More »Collingwood’s Tim Rood: Moving Mortgage Forward
Tim Rood is the Co-Founder and Chairman of the Collingwood Group, a Washington, D.C.-based advocacy group for the housing and mortgage industries. Collingwood works to identify and secure business opportunities with the federal government and the GSEs; helps financial services ...
Read More »PennyMac Selects Nordis Technologies as Print/Mail Partner
Nordis Technologies, based in Coral Springs, Flordia, has secured a major new customer, PennyMac Financial Services Inc., a leading national residential mortgage lender and loan servicer, for its print and mail services. Nordis is ramping up production and distribution of ...
Read More »Citadel Introduces Program Enhancements for Non-Prime Credit Borrowers
California-based non-prime wholesale residential lender Citadel Servicing Corporation (CSC) has announced a major update to their product platform. Effective immediately, CSC will begin offering a 5/1 Hybrid Adjustable Rate Mortgage (ARM) and 5/25 Interest Only (IO) term. This now allows borrowers to ...
Read More »Prober & Raphael President Dean Prober Passes Away
Dean Prober, Senior Partner and President of the California-based firm of Prober & Raphael, has passed away. According to a media statement from Prober & Raphael, Prober passed away on March 1, 2018, surrounded by his family and following a battle ...
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