RealtyTrac, Irvine, Calif., reported homeowners who sold during the third quarter saw and average price gain of $40,658, or 17 percent, from their purchase price, the highest gain since 2007.
Category: News and Trends
Disruptive Subservicing: Learning Tomorrow’s Lessons from Companies Challenging the Status Quo
While we’ve upgraded to Google Maps to get us to where we’re going; we’re more than comfortable with Netflix’s recommendation engine to suggest a movie or TV show; and Uber has now become a widely accepted form of transportation, we continue to rely on green-screen technology and “one size fits all” subservicers to manage billions of servicing portfolios that vary dramatically from one organization to the next. Why the complacency to not seek out a better solution?
Joint Center: Remodeling Spending Expected to Accelerate into 2016
After several quarters of slackening growth, home improvement spending is projected to pick-up pace moving into next year, according to the Leading Indicator of Remodeling Activity from the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, Cambridge, Mass.
Report: Underwater Home Rate ‘Stagnant’ in One-Third of U.S. Counties
The Center for American Progress, Washington, D.C. released a study showing nearly 1,000 U.S. counties continue to present “increasing or stagnating” percentages of homes with negative equity.
Black Knight: Florida No Longer ‘Foreclosure Capital of U.S.’
Black Knight Financial Services, Jacksonville, Fla., said after eight years, Florida relinquished its title, if not perception, as the “Foreclosure Capital of the U.S.”
House Bill Would Force FHFA Withdrawal of FHLB Rule on Membership
Four members of the House introduced a bill last week that would require withdrawal and study of the Federal Housing Finance Agency’s proposed rule on Federal Home Loan Bank membership.
HOPE NOW: Foreclosure Sales at 8-Year Low
HOPE NOW said foreclosure sales activity reached its lowest level since 2007, while delinquencies fell by nearly half from five years ago.
Cyber Crime: Mortgage Industry ‘Target for the Bad Guys’
SAN DIEGO–Sometimes the biggest threat to your firm’s reputation–and its finances–comes from factors that you cannot see.
MBA Projects 10% Increase in 2016 Purchase Originations
SAN DIEGO–The Mortgage Bankers Association projects $905 million in purchase mortgage originations in 2016, a 10 percent increase from 2015.
White House: No GSE Recap and Release
SAN DIEGO–The American people deserve a better, more responsive mortgage finance system, said White House Senior Policy Advisor Michael Stegman. But, he said, that will not come from recapitalizing and releasing Fannie Mae and Freddie Mac from conservatorship.