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Updated: 35 min 58 sec ago
"It is important for investors to have this expanded view of credit risk, especially as we continue to grow and evolve our credit risk offerings,” said Kevin Palmer, vice president of single-family strategic credit costing and structuring for Freddie Mac.
A new report from Moody’s Investors Service spotlights how recent rulings by the highest courts in Nevada and Washington, D.C. on unpaid HOA fees raise risk in residential mortgage-backed securities and single-family rental securitizations.
In what the parties are calling an “initial transaction,” Fannie announced that it will sell 44 foreclosed properties to the Detroit Land Bank Authority “for a nominal fee,” and contribute funds for the demolition of some of the properties.
The economy slowed in October, with much of the drag coming from a weakness in housing and consumption and a slowdown in employment growth and production.
Wolters Kluwer Financial Services is rolling out TILA-RESPA focused compliance and workflow solutions, offering live demos of the product for potential clients to deal with the regulatory rules that go into effect industry wide on Aug. 1, 2015.
Auction.com’s Nowcast report projects that existing home sales for November will fall between seasonally adjusted averages of 5.05 and 5.46 million annual sales, with a targeted number of 5.25 million.
At the national level, Black Knight’s September home price index reports that U.S. home prices were down slightly in September - the first time any decrease had been observed since January 2014.
Is principal reduction about to become more common? Who hit the bulls-eye in forecasting 2014, and who just offered bull? And of those hawkeye prognosticators, what do they have to say about 2015? Get it here and get it early.
"These offerings provide an excellent opportunity to finish off your year with the purchase of a substantial amount of extremely low interest rate, high quality MSRs from a highly reputable mortgage banking company," said Interactive Mortgage Advisors, which is acting as the exclusive broker for the seller.
Whoever finds a buyer for the nearly $10 million home will not only get his or her commission on the sale, the seller is also throwing in a new a 2015 Bentley at no charge. Just consider it a little cherry on top of your normal compensation.
The record-setting settlement between Bank of America, the U.S. Department of Justice, certain federal agencies and six states to resolve claims over toxic residential mortgage-backed securities can finally proceed after the bank was granted relief by the Securities and Exchange Commission.
Without necessarily intending to, I am going through this process currently as it relates to REO management, marketing and disposition. And it is an eye-opening process, indeed, even for this longtime veteran of this industry.
Richard Hornsby, the chief operating officer of the Federal Housing Finance Agency, was found not guilty of threatening former FHFA Acting Director Ed DeMarco. Hornsby stood accused of threatening to kidnap or injure a person after he allegedly threatened DeMarco at the FHFA’s headquarters in late April.
The supply of single-family rental securitizations is rising beyond the level of investor demand, and the surplus of available debt is driving yields up.
The world lost one of its sources of joy when he gave into depression, and now Robin Williams’ 639-acre estate is on the market.
The situation surrounding the escrow account shortages discovered at LandCastle Title and the law firm of Morris Schneider Wittstadt has taken another dramatic turn, with PGA golfer Dustin Johnson filing an amended motion which accuses Mark and Rod Wittstadt of conspiring to use Nat Hardwick as a pawn and set him up to take the fall for the shortages that were discovered in the accounts of the firm and its subsidiary, LandCastle Title.
The question generated from HousingWire's comment boards: Should Realtors and other real estate agents be just paid hourly, or should we stick with the 3% commission? The answer: Come on.
The number of homes for sale continued to increase across the U.S. in October, a good sign for buyers, but mainly for those on the higher end, according to the latest data from Zillow Real Estate Markets report for October.
Wilbur Ross, the high-risk turnaround exec famous for charging into metaphoric burning buildings of European financial institutions, is leaving Ocwen Financial and several other companies where he serves as a director.
The Consumer Financial Protection Bureau is proposing additional measures to ensure that homeowners are treated fairly by mortgage servicers. Here are the key changes.