Sentencing Date Set for Former JPMorgan Loan Officer
Former senior loan officer at JPMorgan Chase & Co. admitted to a $33 million mortgage fraud scheme recently. A Florida federal judge accepted the plea and set the sentencing date [...]
International Document Services Receives Certification from GSEs
After undergoing an extensive testing process, a mortgage document preparation vendor announced its Uniform Closing Dataset XML file has been certified by the GSEs. This new way of submitting documents [...]
The Week Ahead: Prices Still Rising, Inventory Still Dropping
On Wednesday, at 9 a.m. EST, the Federal Housing Finance Agency (FHFA) will release its House Price Index (HPI) for March. The Index covers single-family housing, using data provided by [...]
Side Effects Include…
Credit risk transfer (CRT) or sharing is the process in which the government-sponsored enterprises bundle up the mortgages they buy from lenders and sell a portion of the risk to [...]
High Down Payments Alter Young Homebuyer Priorities
Many young homebuyers are more focused on personal achievements, such as dream jobs and travelling, than “traditional,” long term life milestones, such as marriage and parenthood. Shifting priorities along with [...]
Immigration’s Affect on the Housing Market
Immigration has a positive effect on the housing market according to speakers from a real estate conference reported on Friday. Sales activity and price will strengthen as the market becomes [...]
Study: Tax Reform Will Increase Homeownership Burden
A national study has suggested the current White House plan for tax reform will increase taxes for middle-class homeowners. Families with adjusted gross incomes between $50,000 to $200,000 could see [...]
Fitch Ratings Warns Servicers Against Ignoring Security Testing
On Wednesday, in response to recent Ransomware attacks across over 150 countries around the world including the publicized DocuSign, Fitch Ratings issued a press release reminding information technology (IT) companies [...]
Reform is on the Horizon: Watt & Mnuchin Assess
The status quo for Fannie Mae and Freddie Mac will be changing according to Treasury Secretary Steven Mnuchin. He and FHFA Director Melvin Watt separately addressed the state of the [...]