Fraud in Loan Apps Up in February
More lenders in February saw defects in mortgage applications compared to January, according to a new report by First American Financial Corp. The firm’s chief economist cited rising interest rates [...]
FHFA’s Unified MBS Plans Delayed Until 2019
The release of a system designed to unify how Fannie and Freddie use mortgage-backed securities has been put on hold. The FHFA announced Thursday that its ‘Release 2’ plans for [...]
Dealing with Defects in Non-Judicial Foreclosure States
Defects in a chain of title can have devastating effects on the mortgage servicer’s ability to recover an asset associated with a nonperforming loan. The webinar discussed how to navigate [...]
Making Assignments in the Dark
The chain of title is the guy-wire that holds the home finance industry upright. Without some method to determine who owns a given parcel of real estate, it cannot be [...]
Delinquencies Down, Performance Steady in Q4
According to a recently released report by the Federal Housing Finance Agency (FHFA), foreclosures from Fannie Mae and Freddie Mac since the dawn of conservatorship reached 3.8 million as of [...]
Revised Financial CHOICE Act to Come Soon
Jeb Hensarling first introduced the Financial CHOICE act last summer, in response to the 2010 Dodd-Frank act. The president’s team has already indicated support of the Financial CHOICE Act, which, [...]
The Fed Funds Rate and Unconventional Wisdom
Conventional wisdom suggests that rising Fed Funds rates are bad news for the still-recovering US Housing Market. And it’s easy to see a scenario unfold that supports this theory: lenders [...]
CFPB to Re-Examine Regulation
The qualified mortgage rule, a standard set up to make sure borrowers can repay their mortgages, as well as other mortgage servicing and home lending regulations are set to come [...]
Inventory and Prices Prevent Some Homeowners from Moving
The strong housing recovery may be partly to blame for the large drop in inventory experienced in some markets during the past five years. On average, the more increased the [...]