Mortgage Contracting Services Announces New Ownership
Lewisville, Texas-based Mortgage Contracting Services (MCS), which provides specialized services to financial institutions, announced Monday that it has completed a recapitalization of the company. The company's representatives say that, under [...]
Economic Analysis Points to Recovery
As the economy continues toward recovery, albeit at a slower pace, the housing market will continue to display vibrancy amid an increase in residential construction spending, according to the latest [...]
Targeted Training for Brokers Announced
Carrington Mortgage Services (CMS), a large, privately held non-bank lender, recently announced specialized training for brokers, according to a press release first published on businesswire.com. Because today’s lending market is [...]
Delinquencies Above Pre-Pandemic Levels Predicted Into 2022
Mortgage delinquencies could remain above pre-pandemic levels until 2022, according to a new forecast published in the Black Knight Mortgage Monitor Report. Black Knight is also predicting more than 1 [...]
The Week Ahead: REO Outlook Webinar, Virtual Event for Housing Pros
Next week, Tuesday, October 6 at noon (CT ), RealtyBid and parent company Covius will host a webinar entitled "A 2021 Housing and REO Outlook: What to Expect and How [...]
Forbearance Plans Spike
As plans ballooned by 21,000 over the last week, for the first time in six weeks, there was a spike in the number of mortgages in active forbearance, according to [...]
Mortgages Performance at Five Year Low
Efforts by the Federal Reserve to prop up the mortgage-backed securities (MBS) market do not appear to have worked as well as hoped, according to a new data analysis released [...]
Housing Industry Pros Urge Congress to Pass COVID-19 Relief
The House passed a $2.2 trillion COVID-19-relief bill Thursday, but that reportedly is unlikely to move through the Republican-led Senate. As negotiations continue, the National Association of Home Builders (NAHB) are among [...]
High Unemployment Hasn’t Curbed ‘Robust’ Housing Market
Zillow's Weekly Market Report shows sellers still steering the housing market. Prices reached a record year-over-year rise and already-low inventory continues to shrink. The report takes into consideration the drop [...]