Foreclosures | Mortgages | Financing
Under the terms of a new agreement between PHH Corp. and Bank of America, PHH will continue to provide mortgage origination services to Merrill Lynch clients. The agreement, which was announced Thursday, renews a deal between PHH and Bank of America that outsources the origination of Merrill Lynch’s mortgages to PHH. …read more
From:: Real Estate Wire
In what marks its second substantial acquisition in the field of property valuation in 2015, CoreLogic announced Thursday that it plans to acquire FNC, Inc. Earlier this year, CoreLogic purchased LandSafe Appraisal Services from Bank of America for $122 million. The purchase price for FNC is far beyond the price for LandSafe. Click the headline to read all about it. …read more
From:: Real Estate Wire
Now that more than two months have passed since the TILA-RESPA Integrated Disclosure Rule went into effect, HousingWire followed up with Sharon Voss, president of the Orlando Regional Realtor Association, to discuss how the new rule from the Consumer Financial Protection Bureau is impacting real estate transactions so far. …read more
From:: Real Estate Wire
Richard Solheim, who spent more than 47 years in the mortgage business, passed away recently at the age of 68. Solheim spent the last 11 years of his career with LenderLive, where he most recently served as chief administrative officer. …read more
From:: Real Estate Wire
The Federal Housing Finance Agency released the new 2016 housing scorecard, which outlines specific priorities for Fannie Mae and Freddie Mac and their joint venture, Common Securitization Solutions. The scorecard is broken up into three main sections: maintain, reduce and build. These are some highlights for each section. …read more
From:: Real Estate Wire
Despite the fact the that most observers expected the Federal Reserve to end its nearly decade-long period of zero interest rate policy, Wednesday’s move still sent shockwaves through the financial markets. But according to Freddie Mac’s chief economist, Sean Becketti, interest rates should remain at “historically low levels” throughout 2016, in spite of whatever moves the Fed is expected to make. …read more
From:: Real Estate Wire
December 16, 2015 will forever be known as the day that the Federal Open Market Committee increased the federal funds rate for the first time since June 2006, but one housing industry insider expects that this rate hike won’t be the last one — far from it, in fact. …read more
From:: Real Estate Wire
The original plan for the Homebuyers Assistance Act was to be added into any year-end spending legislation in order to give it a greater chance of passing. However, the year-end spending bill was announced late Tuesday, and Homebuyers Assistance Act failed to make the list. …read more
From:: Real Estate Wire
In Ellie Mae’s last report, Jonathan Corr, president and CEO of Ellie Mae, said that it was still too early to see the full impact of TRID. However, now that over two months have passed since the TILA-RESPA Integrated Disclose rule went into effect, the impact started to show in the closing data. …read more
From:: Real Estate Wire
In light of the upcoming Fed announcement, one housing economist said, “The choppy monthly numbers have been on a gradual trend in a positive direction and the strong monthly permits bodes well as we enter the new wave of interest rate increases by the Federal Reserve.” …read more
From:: Real Estate Wire