The supply of available homes dropped again in December—a new low recorded by Zillow.
On Friday afternoon, Ginnie Mae issued a new memorandum (APM 22-01) stating that they are streamlining its documentation requirements for servicers participating in the Federal Housing Administration’s (FHA) Advanced Loan Modification program (ALM). The memo does away with the requirement for recordation and title insurance in some cases. The new policy supports the current Administration’s “goal of assisting homeowners impacted by the pandemic get on the road to ...
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Markets were considered vulnerable based on the percentage of homes facing foreclosure, affordability, equity, and foreclosure reports.
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State regulators have reached a settlement with 400 mortgage loan originators who falsely claimed to have completed their SAFE Act-mandated education requirements.
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Closing the books on 2021, The National Association of Realtors (NAR) has reported that, during the month of December, existing-home sales declined 4.6% from November, to a seasonally adjusted annualized rate of 6.18 million, snapping a three-month streak of increases. Despite the monthly drop, existing home sales increased by an overall 8.5% for the year to 6.12 million units. Total existing-home sales include completed transactions on single-family homes, ...
Some 90,000 existing single-family homes in the United States in nearly 720 such communities are designed specifically for renting.
Wells Fargo announced today that Derek Flowers has been appointed the company’s Chief Risk Officer, effective immediately. Flowers will lead all aspects of Wells Fargo’s Independent Risk Management function, including compliance risk management. He will continue to serve as a member of the company’s Operating Committee. “Derek is a proven leader with extensive experience managing risk. Over the last several ...
A new study has found that more are factoring natural disasters in their decision-making process when it comes to moving.
First American Financial Corporation released their proprietary Potential Home Sales Model for December 2021. The Potential Home Sales Model measures what the healthy market level of home sales should be based on economic, demographic, and housing market fundamentals. “In December 2021, housing market potential increased 5.0 percent compared with one year ago, but declined modestly on a month-over-month ...
Mortgage veteran and former DS News Editorial Advisory Board member Courtney Thompson to help deliver consumer simplicity without compromising depth for servicers while leading and expanding product development.
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