Judge Rules with Plaintiff in Credit Suisse Suit
A federal court ruled recently that Credit Suisse misled homeowners over fees for reinstating mortgages. The Florida judge ruled that homeowners in the suit had provided adequate information that Credit [...]
DocMagic Reports 42 Percent Growth
Recently, DocMagic, Inc., reported a 42 percent increase in volume for 2016. The company credits its growth to the mortgage industry’s demand for products that enable TRID compliance, eSignatures and [...]
Gus Faucher Named PNC Chief Economist
The PNC Financial Services Group, Inc., announced on Wednesday that Augustine (Gus) Faucher will assume responsibility as Chief Economist effective immediately. Faucher succeeds Stuart G. Hoffman, who had served PNC [...]
Cordray Stands Up for CFPB in House Hearing
CFPB Director Richard Cordray will go before the Housing Financial Services Committee to address the Bureau’s two most recent semiannual reports. In his prepared remarks, Cordray is prepared to discuss [...]
VA Home Loan Guarantee Program Faces Appraisal Problems
NAR’s 2016 Veterans and Active Military Home Buyers and Sellers Profile found that 18 percent of all recent homebuyers were veterans, and over half of those veterans used a VA [...]
The State of Household Debt and Homeownership in America
Household debt reached a peak of $12.7 trillion in Q3 2008. Following the peak, debt declined for several years until recently. The past three years have seen a gradual increase [...]
Home Prices Won’t Drop Anytime Soon
A new report shows the likelihood of drops in housing prices—for all states and major cities—is pretty low over the next two years. This is because of low interest rates, [...]
Shaping the Future of Housing Policy
The annual Five Star Government Forum will host leaders from both the mortgage servicing industry and the government to discuss policy and reform. Speakers and panel discussions will cover the [...]
Amherst Sells 757 Rental Properties to Altisource
This is Amherst’s second transaction with Altisource Residential. Amherst and Altisource Residential have agreed to transact on up to an additional 2,750 single family rental properties in 2017. Under the [...]