Category: News and Trends

Pro Teck Valuation Services, Waltham, Mass., said despite falling home delinquency and foreclosure rates, the stark difference between states that use a judicial foreclosure process and those that minimize court actions continues to show up in recovery rates in those state’s cities.

CoreLogic, Irvine, Calif., said distressed sales accounted for just 10 percent of homes sold in the U.S. in December, with real estate owned sales at just 3.4 percent.

RealtyTrac, Irvine, Calif., said nearly 180,000 U.S. single-family homes and condos flipped in 2015, up for the first time in four years and at the highest level since 2007.

Freddie Mac’s 2015 10-K filing provides this week’s chart. It demonstrates the degree to which new forms of back-end single family credit risk transfers, begun in 2013, have distributed credit risk.  

After years of dampened activity, home equity lending is making a comeback, said CoreLogic, Irvine, Calif.

ORLANDO–Mortgage Bankers Association Vice Chairman J. David Motley, CMB, said the mortgage servicing industry has a “unique opportunity” to move forward.

ORLANDO–Representatives from federal agencies here at the Mortgage Bankers Association’s National Mortgage Servicing Conference & Expo said changes to mortgage servicing regulations will continue to move forward, even as these agencies try to adapt to the rapidly changing servicing environment.

ORLANDO–By now, most people in the mortgage servicing industry know that, to some degree, they are defined by the nightmare scenarios that have become fodder for media, regulators and members of Congress.

ORLANDO–So, mortgage servicer, how do you know you’re doing a good job?

ORLANDO–The Mortgage Bankers Association forecasts modest growth for the U.S. economy, with stronger demand for housing despite anticipated increases in mortgage interest rates. “The U.S. economy feels like it has …