Homes that were foreclosed on during the housing crisis are now rising in value by more than 10 percent annually, more than 3.5 percentage points faster than the typical U.S. home, said Zillow, Seattle.
Category: News and Trends
FHFA Requests Input on GSE Proposed Duty to Serve Plan Modifications
The Federal Housing Finance Agency requested public input as part of the Agency’s consideration of proposed modifications to Fannie Mae and Freddie Mac’s 2018-2020 Underserved Markets Plans under the Duty to Serve program.
CMBS Delinquency Rate Reduction Accelerates; Possible ‘Inflection Point’ Ahead?
The commercial mortgage-backed securities delinquency rate dropped “markedly” once again in September, reported Trepp, New York.
Studies Examine ‘Delicate Balance’ Between Customer Experience, Fraud Prevention
Striking the “delicate balance” between customer experience and fraud prevention is not an easy feat, a series of studies by Forrester Consulting and TransUnion reported.
Loan Defect Index Flat in August As Hurricane Damage Looms
In the wake of major natural disasters this summer, the risk of mortgage loan application fraud increased in August, said First American Financial Corp., Irvine, Calif.
Risk Management and Fraud: Executive Perspectives
LOS ANGELES–Three risk management executives: Debra Dunn, Chief Operating Officer with SWBC Mortgage, San Antonio, Texas; Gwen Muse-Evans, President and CEO of GME Enterprises, Bethesda, Md.; and Terry L. Schmidt, CMB, Executive Vice President and CFO of Guild Mortgage Co., San Diego; offered their perspectives on risk management and fraud issueshere at the recent Mortgage Bankers Association’s Risk Management, Quality Assurance and Fraud Prevention Forum.
CoreLogic: Florence Losses at $20-30 Billion; 85% of Residential Loss Uninsured
CoreLogic, Irvine, Calif., said its revised estimates of damage resulting Hurricane Florence puts residential and commercial flood and wind losses at $20-30 billion, with 85 percent of residential losses uninsured.
MBA Praises Passage of Veterans’ Protection Bill
The House yesterday passed a bill that closes a loophole for thousands of loans made to veterans that fell through a crack in securitization.
Risk Management and Fraud: Executive Perspectives
LOS ANGELES–Three risk management executives: Debra Dunn, Chief Operating Officer with SWBC Mortgage, San Antonio, Texas; Gwen Muse-Evans, President and CEO of GME Enterprises, Bethesda, Md.; and Terry L. Schmidt, CMB, Executive Vice President and CFO of Guild Mortgage Co., San Diego; offered their perspectives on risk management and fraud issueshere at the recent Mortgage Bankers Association’s Risk Management, Quality Assurance and Fraud Prevention Forum.
Risk Management and Fraud: Executive Perspectives
LOS ANGELES–Three risk management executives: Debra Dunn, Chief Operating Officer with SWBC Mortgage, San Antonio, Texas; Gwen Muse-Evans, President and CEO of GME Enterprises, Bethesda, Md.; and Terry L. Schmidt, CMB, Executive Vice President and CFO of Guild Mortgage Co., San Diego; offered their perspectives on risk management and fraud issueshere at the recent Mortgage Bankers Association’s Risk Management, Quality Assurance and Fraud Prevention Forum.