As California’s raging wildfires continue to move, CoreLogic released a hazard risk analysis discovering the total number of homes at risk for damages, along with the combined reconstruction cost values, which could result in an estimated $65 billion. The analysis ...
Read More »Market Update on SFR Activity
Amherst Capital Management released a new paper on Tuesday titled, “U.S. Single-Family Rental—Institutional Activity in 2016/2017,” revealing that institutional ownership of single-family rental (SFR) homes surpassed 200,000 homes in 2016. As investors continue to capture a growing share of the ...
Read More »Lenders: Top 5 Cities with Fastest Income Growth
The salary a potential homebuyer earns can dictate whether affording a home is in reach, and according to a study released Tuesday by GOBankingRates, location is just as important as ever when considering income potential. Some cities have household incomes ...
Read More »Delinquency Rate Continues at 10-year Low
On Tuesday, CoreLogic released its latest Loan Performance Insights report, representing data from national foreclosure and delinquency activity gathered through July 2017. According to the report, the share of mortgages that transitioned from current to 30-days past due was 0.9 ...
Read More »Fannie Mae: Consumer Confidence Increasing?
On Monday, Fannie Mae’s Home Purchase Sentiment Index (HPSI), which highlights consumers’ current views and forward-looking expectations of housing market conditions, was released. The index revealed an increase in September by 0.3 points to 88.3—up 5.5 points compared to last year. ...
Read More »New York City Delinquencies Show Record Rise in Q3 2017
New York City first-start foreclosures are up a record 79 percent year-over-year, with all five boroughs posting increases. Still, they are down from Q2 2017 by 6 percent, according to an October report by Property Shark. As stated in the ...
Read More »First American Mortgage Solutions Named Vendor for Fannie Mae’s Day 1 Certainty Program
First American Mortgage Solutions, LLC, recently announced it is one of a few vendors able to offer data verification for all three components of Fannie Mae’s Desktop Underwriter (DU) validation service and Day 1 Certainty through FirstAmerican FraudGuard. Now that ...
Read More »Chronos Solutions Announces New Services
Chronos Solutions, a Coppell, Texas-based national real estate financial services provider, announced that it is now providing reporting services through Fannie Mae's Day 1 Certainty program. Among the services are the newly approved Taxdoor platform, Chronos Solutions' proprietary automated tax ...
Read More »HLP Announces New Addition to its Board of Directors
HLP, a collaborative created in 2009 that engages the key stakeholders who work with families on homeownership—nonprofit counselors, advocates, mortgage lenders, servicers and investors, attorneys and government agencies, recently announced former HLP CEO and Founder Larry Gilmore, has been elected ...
Read More »HUD: Establishing Equal Opportunities
The U.S. Department of Housing and Urban Development (HUD) recently announced an agreement to resolve a discrimination complaint against the fairness of the Maryland's Low-Income Housing Tax Credit (LIHTC) program. The agreement is a result of a complaint filed with ...
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