Ginnie Mae has revised the pooling requirements for re-performing loans with the publication of All Participants Memorandum 23-03, that announced a reduced seasoning period for re-performing loans. Source: DS [...]
According to the Q4 2022 Quarterly Credit Industry Insights Report (CIIR), data shows Gen Z consumers are opening credit cards and homeowners are taking out home equity lines of [...]
This is now the eighth consecutive rate hike, an increase of 4.5% since the hikes began. Source: DS News
Those with new credit files used to be considered higher risk than those with an established credit history, but new data from TransUnion finds that is not necessarily true. [...]
CoreLogic estimates that approximately 18,600 homes within a Houston-area tornado footprint suffered damage in a late January storm path. Source: DS News
Supply and demand dynamics have given homebuyers more leverage to start the year, providing them with an advantage at the negotiation table. Source: DS News
Proposed rule seeks to expand Tribal participation in HUD-approved housing counseling by removing impediments to counselor certification. Source: DS News
Servicers can begin offering post-pandemic loss mitigation immediately, regardless of the cause of the borrowers' delinquency. Source: DS News
With more than 40 years of experience in risk management, banking and corporate finance functions, and venture capital investing, James Daras is tapped to lead nationwide mortgage loan subservicer. [...]
According to a new Redfin report, mortgage applications are up nearly 30% from early November, as the average 30-year-fixed mortgage rate declined to 6.15% from its November peak. Source: DS News
