Foreclosures | Mortgages | Financing
In recent months, Fannie Mae, Freddie Mac, and the Department of Housing and Urban Development have all participated in the sale of non-performing loans, but even with those sales, the volume of non-performing loans on each agency’s books means that NPL sales aren’t going away anytime soon. …read more
From:: Real Estate Wire
The Homebuyers Assistance Act is languishing in Congress, waiting to go to the Senate for consideration, but still under a veto threat from the president. Will a new plan by some in the House get it approved by the end of the year? …read more
From:: Real Estate Wire
Despite strong buyer demand, a giant lack of inventory in the housing market is creating a roadblock, and this isn’t expected to change anytime in the near future. To help still secure your dream home in a tight inventory environment, Sharon Voss, president of the Orlando Regional Realtor Association, gave a few tips on what home shoppers can do. …read more
From:: Real Estate Wire
Buyers hoping to get their hands on some Ginnie Mae mortgage servicing rights have that opportunity, according to Interactive Mortgage Advisors, which announced Friday that it is acting as the exclusive broker for the sale of a $3 billion bulk Ginnie Mae mortgage servicing rights portfolio. …read more
From:: Real Estate Wire
Despite the fact that the federal government’s Making Home Affordable program is currently set to expire at the end of next year, one Obama administration official says that the mortgage servicing rules that were adopted as part of the Home Affordable Modification Program may be sticking around — permanently. …read more
From:: Real Estate Wire
November job creation increased again in November. Industry economists commented on the report saying these results should finally put to bed any doubts about whether the Fed will announce a rate increase later this month. …read more
From:: Real Estate Wire
HLP, Freddie Mac, the Hispanic Action Outreach Network, and NFL Hall of Famer Tim Brown announced a partnership designed to help low and moderate-income African-American and Hispanic families buy their own homes. …read more
From:: Real Estate Wire
For more than a third of the nation’s major metro areas, home prices have reached all-time highs in 2015, a new report from RealtyTrac shows. RealtyTrac’s report also shows that there are more single-family homes and condos sold in the first 10 months of 2015 than in any of the last nine years. …read more
From:: Real Estate Wire
Depending on what you read and hear and who you believe, the implementation of the Consumer Financial Protection Bureau’s TRID rule in October was either no big deal or a really big deal. Count the CFPB’s director, Richard Cordray, as one of those who thought the implementation of TRID was no big deal. …read more
From:: Real Estate Wire
Before you write this idea off as being too far fetched, let me explain. You won’t hear the words mortgage and music used in the same sentence often, but with everything going on in the lending industry with FHA loans, the two overlap more than usual. One key difference, though, is that Swift was successful. Can the same be said for Quicken Loans? …read more
From:: Real Estate Wire