Foreclosures | Mortgages | Financing
Superior has been managing hazard claims for mortgage servicers for more than 30 years, with the ultimate goal of maximizing those funds to remediate the damage at the subject property, and then executing those repairs with the insurance funds available. By offering a hazard claim management solution, Superior can now manage a mortgage servicer’s entire damaged property portfolio: government loans, conforming loans, private investor and bank-owned inventory. …read more
From:: Real Estate Wire
While Americans rushed to refinance their home in the third quarter, the same can’t be said for purchase originations. While refinances shot up, purchase originations took a tumble during the third quarter. …read more
From:: Real Estate Wire
A new report says that residential loans which are underwritten using alternative documentation are more susceptible to fraud.
Mortgage programs that utilize banks statements and letters from certified public accountants are more risky than traditional loans.
Such alternative document programs carry greater risk of income fraud. In some cases, additional documentation might be required.
From:: Financing
The news of President-elect Donald Trump selecting Steve Mnuchin as Treasury secretary is barely a day old but that isn’t stopping Mnuchin from making a lot of significant public statements on housing. On top dropping a bombshell about the future of Fannie Mae and Freddie Mac, he also discussed his thought on Dodd-Frank in an interview with CNBC. …read more
From:: Real Estate Wire
Serious residential loan delinquency at the Federal National Mortgage Association dropped to the lowest level since it fell into conservatorship.
The Washington-based organization had a total book of business of $3.1297 trillion as of Oct. 31, according to its monthly summary.
That was larger than $3.1233 trillion as of a month earlier. The book of business was also bigger than $3.1045 trillion as of a year earlier.
From:: Financing
The beige book released Wednesday showed that market trends are continuing as usual, despite recent stirs caused by the election. New residential construction increased in several metros, however the nation continues to struggle with low housing inventory. …read more
From:: Real Estate Wire
Steve Mnuchin, President-elect Donald Trump’s choice to lead the Department of the Treasury, has a long history in the housing business, but Mnuchin isn’t the only one of Trump’s latest appointments to boast such a history. Trump also announced that he chose Wilbur Ross to serve lead the Department of Commerce. Here’s a look at Ross’ history in housing. …read more
From:: Real Estate Wire
With just a few words uttered Wednesday during an interview on Fox Business, Steve Mnuchin, President-elect Donald Trump’s choice to lead the Department of the Treasury, sent the stocks of Fannie Mae and Freddie Mac soaring to heights not seen since June 2014. …read more
From:: Real Estate Wire
Walt Disney Co. late Wednesday said it raised its semi-annual cash dividend to 78 cents a share from 71 cents a share, bringing its total dividends in 2016 to $1.49 a share. The entertainment giant plans to hold its annual shareholders meeting on March 8 in Denver. Shares were unchanged after hours following a decline of 0.6% to close at $99.12.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
La-Z-Boy Inc. late Wednesday reported better-than-expected earnings and announced a 10% dividend hike. The furniture company best known for its recliners posted fiscal second-quarter earnings of $20.8 million, or 42 cents a share, compared with $21 million, or 41 cents a share, a year earlier. Revenue slid to $376.6 million from $382.9 million. Analysts surveyed by FactSet had forecast the company to earn 38 cents a share on revenue of $376 million. La-Z-Boy’s board also raised the quarterly dividend to 11 cents from 10 cents. The dividend will be paid on Dec. 15 to shareholders of record on Dec. 9. Shares were flat in late trading after closing down 1.8% to $26.75.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News