Financing

Foreclosure.com

The slot left open when the outgoing Consumer Financial Protection Bureau director promoted his chief of staff to lead the agency has been filled by a House staffer.When Richard Cordray left his position as CFPB director in November 2017 to pursue a gubernatorial run in Ohio, he appointed Leandra English [...]
Mon, Jan 08, 2018
Source: Financing
Bids are being sought for mortgage servicing rights on just over $3 billion in government-sponsored enterprise loans with a four-state concentration.The offering is for MSRs on 12,115 Fannie Mae and Freddie Mac single-family loans that had an aggregate unpaid principal balance of $3.005 billion as of Nov. 30, 2017.Colorado is [...]
Mon, Jan 08, 2018
Source: Financing
While industry-wide annual mortgage originations are forecasted to retreat again, there are some lenders that are driving up loan volume.Fannie Mae's most-recent forecast had last year's single-family loan originations by the nation's home lenders coming in at at $1.812 trillion.That was less than the $2.052 trillion in home-lending activity during [...]
Mon, Jan 08, 2018
Source: Financing
As rising rates have driven down the share of borrowers seeking rate-term refinances to the lowest level in six months, rising home values have driven the share of borrowers seeking cashout loans to a record high.The U.S. Mortgage Market Index from Mortgage Daily, an indication of upcoming loan originations [...]
Fri, Jan 05, 2018
Source: Financing
As the annual volume of new bankruptcies decreased for the eighth year in a row, monthly consumer filings declined to the lowest level in a decade.Total bankruptcies that were filed during December 2017, including commercial and non-commercial filings, numbered 52,522.That turned out to be fewer filings than 60,287 the preceding [...]
Fri, Jan 05, 2018
Source: Financing