Index for Pending Home Sales Hits Two-Year High

first_img Aly J. Yale is a freelance writer and editor based in Fort Worth, Texas. She has worked for various newspapers, magazines, and publications across the nation, including The Dallas Morning News and Addison Magazine. She has also worked with both the Five Star Institute and REO Red Book, as well as various other mortgage industry clients on content strategy, blogging, marketing, and more. Pending home sales rose for the third straight month in March, and according to the National Association of Realtors (NAR) Pending Home Sales Index, they’re at their highest point since June 2013.The index, an indicator of sales based on contract signings, was released this morning. It showed a 1.1 percent increase in pending sales for March and an 11.1 percent increase over the same time last year. This marks the third month in a row the sales have risen and the seventh year that pending sales numbers have improved.The Pending Home Sales Index was at its highest point in June 2013, coming in at 109.4. As of March, it has now reached 108.6, its peak since that time.The index also broke down pending home sales by region. While the South and West saw an increase of 4 percent and 1.7 percent for March, respectively, the Northeast and Midwest saw drops, decreasing by 1.5 percent and 2.5 percent.All regions were up over March 2014. The Northeast rose .6 percent, the Midwest was up 11.3 percent, the West jumped 15.6 percent, and the South increased 12.4 percent.As for explaining the ever-increasing sales, Lawrence Yun, chief economist at NAR, attributes it to a competitive spring market and an improving number of long-term homeowners.“Demand appears to be stronger in several parts of the country, especially in metro areas that have seen solid job gains and firmer economic growth over the past year,” Yun said. “While contract activity being up convincingly compared to a year ago is certainly good news, the increased number of traditional buyers who appear to be replacing investors paying in cash is even better news. It indicates this year’s activity is being driven by more long-term homeowners.”Yun also said he expects sales to continue improving over the next few months, but that supply and rising prices could hinder them slightly.“Demand in many markets is far exceeding supply, and properties in March sold at a faster rate than any month since last summer,” he said. “This in turn has pushed home prices to unhealthy levels — nearly four or more times above the pace of wage growth in some parts of the country. Simply put, housing inventory for new and existing homes needs to improve measurably to improve affordability.”See the index at Realtor.org. Previous: Banks Ask Second Circuit Court to Dismiss FDIC’s Mortgage-Backed Securities Suit Next: Economists Retain Positive Outlook Despite ‘Paltry’ GDP Growth in First Q1 Estimate in Daily Dose, Featured, Market Studies, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Index for Pending Home Sales Hits Two-Year High  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago April 29, 2015 1,531 Views Tagged with: Housing Market NAR National Association of Realtors Pending Home Sales Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articlescenter_img Sign up for DS News Daily Share Save Servicers Navigate the Post-Pandemic World 2 days ago About Author: Aly J. Yale Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Index for Pending Home Sales Hits Two-Year High Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Housing Market NAR National Association of Realtors Pending Home Sales 2015-04-29 Brian Honea Subscribelast_img read more

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Analyst Discusses Challenges Of Millennials Choosing Renting Over Homeownership

first_img The Best Markets For Residential Property Investors 2 days ago  Print This Post Analyst Discusses Challenges Of Millennials Choosing Renting Over Homeownership Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Analyst Discusses Challenges Of Millennials Choosing Renting Over Homeownership Share Save in Daily Dose, Featured, Market Studies, News About Author: Brian Honea Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articlescenter_img The Best Markets For Residential Property Investors 2 days ago June 3, 2015 1,063 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Collingwood Group Housing Market Millennials Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tim Rood, Chairman of Washington, D.C.-based business advisory firm The Collingwood Group, recently discussed the “housing sales roller coaster” and the challenges the country will face if millennials do not enter the housing market, according to a post Wednesday on the Voice of Housing, The Collingwood Group’s blog.Rood, whose two decades of mortgage industry experience include serving as of Senior Director and Principal of Fannie Mae’s eBusiness Division, told radio host Jim Bohannon that the recent surge in apartment construction was largely due to developers taking advantage of millennials who have aspirations of homeownership, but cannot afford it but want to get out of their parents’ houses.What will eventually happen if millennials continue this trend and become addicted to the urban lifestyle, he said, is that a whole generation will be looking to downsize.”You’ve got the boomers, for example, that are stuck in the suburbs and we always thought they would want to move south, go to retirement go play some golf, go fishing,” Rood said. “But it turns out they, too, want to move to these urban areas, which is creating more demand for those residences, those apartments, driving up rents, but who the heck is going to take up and sop up all the inventory in the suburbs if that plays out?”Rood noted that a recent study found that only about 20 percent of seniors who are passing away have any kind of financial assets outside of their home equity – and that generation has been touted as the most prosperous in the country’s history.”You know what are we going to do if we find the millennials priced out of the market or making lifestyle decisions that keep them out of the housing market never saving, never building up equity,” Rood said. “Sooner or later these folks are going to want to retire or have some sort of health issue and Uncle Sam’s going to foot the bill.”When Bohannon asked Rood about causes of the housing crisis, Rood responded that deregulation, and not the Community Reinvestment Act as many have speculated, was the main cause of the meltdown.”Washington in the late ’90s and early 2000s said, ‘You know what? There’s a lot of old rules that were applying to banks that we should strip away. We should just trust that Wall Street and the banks will act in their own self-interest and not do silly things like lend to people who can’t pay for their mortgages, because ultimately that will crater the system.’ It’s kind of like that scene in Animal House where Otter goes, ‘You messed up, you trusted us.’ Well, that’s exactly what happened. They just got away from themselves and trusted that values would always go up, and therefore it doesn’t matter whether somebody can pay because they will always have a way out.”April showed an increase in new home sales but a decline in existing home sales, prompting Bohannon to ask Rood about the “housing sales roller coaster.” Rood said a lack of inventory was partly to blame for the flat existing home sales, but also the fact that millions of underwater homeowners do not have enough equity built up to cover the transaction costs of selling and then moving into another property, so they “feel kind of trapped and there just isn’t a lot of upward pressure from the demand side to make that change.”Click here to hear Rood’s interview with Bohannon. Servicers Navigate the Post-Pandemic World 2 days ago Collingwood Group Housing Market Millennials 2015-06-03 Brian Honea Sign up for DS News Daily Previous: House, Senate Democrats Introduce Bill To Provide Regulatory Relief, Consumer Protection Next: DS News Webcast: Thursday 6/4/2015 The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

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Freddie Mac’s Credit Risk Transfer Continues With Last Offering of 2015

first_img About Author: Brian Honea Share Save Servicers Navigate the Post-Pandemic World 2 days ago November 23, 2015 862 Views in Daily Dose, Featured, News, Secondary Market Freddie Mac’s Credit Risk Transfer Continues With Last Offering of 2015 Credit Risk Transfer Freddie Mac STACR Series 2015-11-23 Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Tagged with: Credit Risk Transfer Freddie Mac STACR Series  Print This Postcenter_img Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Freddie Mac’s Credit Risk Transfer Continues With Last Offering of 2015 Previous: Whistleblower Attempts to Revive RMBS Suit Against Wells Fargo Next: DS News Webcast: Tuesday 11/24/2015 Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago Freddie Mac on Monday announced its intention to sell its final Structured Agency Credit Risk (STACR) debt notes offering of 2015, this time for $590 million. The latest STACR offering is the Enterprise’s eighth of the year and 17th overall since the program launched in 2013.The latest offering, STACR 2015-HQA2, is Freddie Mac’s second actual loss offering of loans with LTVs ranging from 80 to 95 percent. The unpaid principal balance of the mortgages in the reference pool of loans for STACR 2015-HQA2 is more than $17 billion. The mortgages in the reference pool are 30-year fixed-rate single-family mortgages and were acquired by Freddie Mac during a four-month period between December 1, 2014, and March 31, 2015, according to the announcement.With the STACR program, Freddie Mac is reducing its exposure to credit risk and at the same time bring private investors back into the single-family market. Freddie Mac’s risk-sharing initiatives include 16 previous STACR debt note offerings and 11 Agency Credit Insurance Structure (ACIS) transactions since becoming the first agency to market credit risk transfer transactions with STACR and ACIS in the middle of 2013. Since then, Freddie Mac has grown its investor base to more than 170 unique investors, including reinsurers. The Enterprise has laid off a substantial portion of credit risk on single-family mortgages totaling $367 billion in UPB.Freddie Mac’s conservator, the Federal Housing Finance Agency (FHFA), recently announced in its Performance and Accountability Report for Fiscal Year 2015 that both Fannie Mae and Freddie Mac have already met their credit risk transfer goals for the calendar year 2015. Freddie Mac has transferred credit risk on $126 billion in single-family mortgages this year, which is 6 billion higher than its goal of $120 billion for the year.Fannie Mae announced earlier in November that their credit risk sharing initiatives were approaching the half trillion dollar mark in just two years.last_img read more

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Fed Minutes Show Concern About Inflation, Broader Economy

first_img Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Government, News January 7, 2016 1,241 Views Related Articles Federal Funds Target Rate Federal Reserve Residential Mortgage Market 2016-01-07 Brian Honea Share Save Previous: DS News Webcast: Thursday 1/7/2016 Next: Quintairos, Prieto, Wood & Boyer Expands in Last Quarter of 2015 The Federal Reserve’s daring move to increase the federal funds rate just before the end of 2015 was no surprise to most, but what the mortgage industry did not know was that this initial move would only the beginning of a series of events.The Federal Open Market Committee (FOMC) released its minutes to the December meeting Wednesday afternoon, showing clear concern about inflation and the economy as a whole.The minutes noted that “some members said that their decision to raise the target range was a close call, particularly given the uncertainty about inflation dynamics, and emphasized the need to monitor the progress of inflation closely.”Officials also explained that they expect “economic headwinds will persist and that inflation will rise gradually to 2 percent over the next three years,” and because of this “most participants judged that it would be appropriate for the federal funds rate to remain below its longer-run normal level from 2016 to 2018,” the minutes said.So when will the next rate hike occur?”Participants projected that a gradual rise in the federal funds rate over that period would be appropriate as some of those headwinds, such as sluggish foreign economic growth, diminish and the temporary factors holding down inflation dissipate. Some participants noted that a gradual increase in the federal funds rate would be consistent with their expectation that the neutral short-term real interest rate will rise slowly over the next few years,” the minutes stated.As far as housing is concerned, the residential mortgage market was little changed from the previous meeting.”Credit remained tight for borrowers with low credit scores, hard-to-document income, or higher debt-to-income ratios. Interest rates on 30-year fixed-rate mortgages increased 30 basis points, in line with increases in yields on mortgage-backed securities and comparable-maturity Treasury securities. Nevertheless, mortgage rates continued to be quite low by historical standards,” the minutes said.In addition, a number of officials found that there appear to be “continued improvement in the housing sector, including ongoing house price appreciation, low levels of home inventories, the substantial gap between the rate of household formation and the relatively slow pace of construction, and the possibility that homebuyers may be entering the market in anticipation of higher mortgage rates.”“Now that liftoff is behind us, the question on everyone’s mind is how quickly rates will normalize,” said National Association of Federal Credit Unions Chief Economist Curt Long. “The Fed appears to be eyeing four quarter-point rate increases in 2016, but that depends on a lot of factors falling into place. The minutes indicated that the committee is somewhat less pessimistic about the possibility of slow growth abroad and the threat that might pose to the U.S. than many observers. As for inflation, there appears to be a growing divergence of views about risks to the Fed’s 2 percent target from lower oil prices and a stronger dollar.”Click here to view the complete minutes. Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Fed Minutes Show Concern About Inflation, Broader Economy Tagged with: Federal Funds Target Rate Federal Reserve Residential Mortgage Marketcenter_img Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Xhevrije West The Best Markets For Residential Property Investors 2 days ago Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. Home / Daily Dose / Fed Minutes Show Concern About Inflation, Broader Economy The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

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SFR Securitizations Continue on ‘Stable’ Path

first_img The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Morningstar Single-Family Rental Market Single-Family Rental Securitizations 2016-05-02 Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago May 2, 2016 1,273 Views The Best Markets For Residential Property Investors 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img Sign up for DS News Daily SFR Securitizations Continue on ‘Stable’ Path Tagged with: Morningstar Single-Family Rental Market Single-Family Rental Securitizations Home / Daily Dose / SFR Securitizations Continue on ‘Stable’ Path Previous: The CFPB’s Tough Month of April Next: Buffett: There is No Housing Bubble March’s property-level data for 24 single-family rental securitizations show a continuing “stable” performance for the single-borrower, single-family rental asset class, according to Morningstar’s April 2016 Performance Summary Covering All Morningstar-Related Securitizations.“Vacancy rates and delinquency rates generally remained steady or improved,” authors Brian Alan, Brian Sandler, and Rohit Jadhav wrote. “Retention rates remained high for majority of the deals. Turnover rates increased for the third consecutive month in line with the increase in lease expirations.”While vacancy rates trended lower for the sixth consecutive month in March, the authors noted that trend may reverse in the coming months due to the number of pending lease expirations and that Morningstar notes that higher lease expirations generally correlate with higher vacancy rates.The average delinquency rate among the 24 securitzations covered in the report remained low in March, at 0.5 percent; only three of the 24 transactions in the report had a delinquency rate higher than 1.0 percent—HPA 2016-1 (Home Partners of America) at 1.3 percent, SWAY 2014-1 (SWAY Residential) at 1.3 percent, and TAH 2015-SFR1 (Tricon American Homes) at 1.3 percent.Retention rates generally remained strong across the 24 transactions, with 22 of them reporting rates of 73 percent or higher as of February (the latest retention data available). The only two outliers were ARP 2014-SFR1 (American Residential Properties) at 64.1 percent and PRD 2015-SFR1 (Progressive Residential) at 68.9 percent. The overall rate for all transactions as of the end of February was 78.1 percent.Morningstar reported that the turnover rate appears to be rising in 2016 after posting declines for the last few months of 2015. The overall turnover rate as of the end of March was 2.9 percent across all 24 transactions, up from 2.5 percent in February and 2.3 percent in January. AH4R 2015-SFR2 (American Homes 4 Rent) had the highest turnover rate at the end of March at 4.5 percent.Click here to view the entire Morningstar report. Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Related Articles About Author: Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Market Studies, News Subscribelast_img read more

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CFPB: A Look Back at Five Years

first_img The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The fifth anniversary can be a large milestone and something to really celebrate, but for the fifth anniversary of The Consumer Financial Protection Bureau (CFPB), which came on Thursday, July 21, the celebration may be premature. Some critics even wonder whether the Bureau as it stands now will be around to celebrate next year.From the Bureau’s initiation, the stated purpose of the CFPB has been protecting consumers in the financial marketplace. According to a recent post from the Bureau, “Since we opened our doors, we’ve focused on making the financial marketplace work for consumers. We’ve listened to your complaints about problems with your financial companies, created new consumer protections for financial products and services, and held bad actors accountable for breaking the law.”In the report, the CFPB shares what they believe to be the largest accomplishments since their origination in 2011. Included in this list is $11 billion in relief given to 27 million consumers in legal actions (encompassing in that figure action taken against mortgage companies for wrongly foreclosing on consumers’ homes), handling approximately one million consumer complaints, implementing new rules for the mortgage market such as “Know Before You Owe” and “Ability to Repay,” and most recently attempting to put new consumer protections in place like banning arbitration clauses.“There were a lot of consumer protection laws out there but the problem was there was nobody really to enforce them,” says Senator Elizabeth Warren (D-Massachusetts) in a CFPB video interview. “The idea behind the Consumer Financial Protection Bureau was to draw together all of those laws and put them into once place and to say this agency has the tools to watch out for the American consumer to level the playing field and will be held responsible for doing that.”“In a few short years we’ve been working to protect people against financial predators, make sure these markets are safe for consumers, and see they are treated fairly, which is what everyone of us deserves.” Richard Cordray, Director, CFPBNot everyone is singing the same tune as Warren, though. Earlier this year, Congress proposed changes for how the Bureau is funded, moving for annual appropriations, as well as changes for the CFPB leadership, calling for a bipartisan commission instead of a single director. Additionally, the Government Accountability Office (GAO) found some problems with the CFPB’s internal controls and accounting procedures, according to a report from the GAO released earlier this year.“During its audit of the Consumer Financial Protection Bureau’s (CFPB) fiscal years 2015 and 2014 financial statements, GAO identified deficiencies in CFPB’s internal control over accounting for property, equipment, and software that collectively constituted a significant deficiency in CFPB’s internal control over financial reporting,” the GAO reported.These are not the biggest issues facing the CFPB this year, though. The Bureau is also struggling with accusations from the New Jersey-based lender PHH Corp. which is currently trying to overturn a $109 million penalty issued by the CFPB in June 2015 over alleged violations of the Real Estate Settlement Procedures Act (RESPA). This is a landmark case because it is the first time in the now five-year history of the CFPB that a company has judicially challenged a penalty handed down by the Bureau. Rulings in the PHH case over the Bureau’s constitutionality will be determined this fall.The petition from PHH reads, “Never before has so much authority been consolidated in the hands of one individual shielded from the president’s control and Congress’s power of the purse.”Despite controversy surrounding the CFPB, consumers and those in the mortgage industry stand behind the work the Bureau is doing. “The CFPB’s record of strong leadership stands by itself and should not be hampered by congressional efforts that would cripple its ability to ensure a safer and more accountable financial system,” said Joe Valenti, Director of Consumer Finance at the Center for American Progress, in a post celebrating the CFPB’s work over the duration of its existence.Still others feel there is more work that could be done to increase regulations through the CFPB. A survey of 1,000 likely voters jointly conducted in late June by the Center for Responsible Lending (CRL) and Americans for Financial Reform (AFR) indicated that members of both parties think financial regulation should be tougher. More than half of respondents in each party concurred: 52 percent of Republicans, 68 percent of Independents, and 84 percent of Democrats all said they believe that more financial regulation is necessary.As the CFPB begins a new year, plans for progression are the mission of the Bureau. They state that will continue to work on protecting consumers in the financial marketplace and empowering them to make informed financial decisions.Director for the CFPB, Richard Cordray, said in a video interview, “In a few short years we’ve been working to protect people against financial predators, make sure these markets are safe for consumers, and see they are treated fairly, which is what everyone of us deserves.”But are these actions congruent with where the where the mortgage industry stands now, five years after the Bureau’s launch? Tom Booker, Managing Director of The Collingwood Group, said, “At the five year mark, the cost to originate has sky rocketed to over $7,000 per loan, the products available to mortgage lenders that address, high debt to income ratios, imperfect credit and difficult to document incomes are difficult to access for most consumers. The compensation schemes for brokers which needed attention, have created a disincentive to loan originators, the front line for borrowers to work on difficult loans to get approved.”Booker continues on to describe how his balanced assessment is that the law of unintended consequences best describes the impact on the mortgage business at this juncture. He doesn’t believe the goal was to raise costs, to discourage loan offers, or impede access to loan products that could allow more credit worthy Americans access to home ownership. He says that the CFPB has the best of intentions, but not with the intended direction or outcome thus far. Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / CFPB: A Look Back at Five Years CFPB 2016-07-21 Kendall Baer About Author: Kendall Baer Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Postcenter_img Demand Propels Home Prices Upward 2 days ago CFPB: A Look Back at Five Years Tagged with: CFPB Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago July 21, 2016 1,615 Views Previous: CoreLogic Enhances University Data Portal Next: Freddie Mac Resumes Whole Loan Securities Risk-Sharing Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, TX. Born and raised in Texas, Kendall now works as the online editor for DS News. Subscribelast_img read more

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ValuAmerica Expands Footprint With California Acquisition of ValuEscrow

first_img Previous: The Week Ahead: FOMC to Meet Wednesday Next: CalyxSoftware to Host Second National User Conference Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Staff Writer Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago in Featured, Headlines, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Featured / ValuAmerica Expands Footprint With California Acquisition of ValuEscrow ValuAmerica Expands Footprint With California Acquisition of ValuEscrow Share Save June 12, 2017 1,405 Views Related Articles Tagged with: California Journal Movers & Shakers The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago California Journal Movers & Shakers 2017-06-12 Staff Writer ValuAmerica of Clayton Holdings LLC, and national provider of appraisal, title, closing and settlement services, announced that it has acquired ValuEscrow, Inc., an independent escrow company located in Santa Ana, California, expanding its closing and escrow operations.“At ValuAmerica, expanding our operational footprint is integral to achieving our long-term success,” said Shawn Murphy, EVP of ValuAmerica said. “This transaction will further enhance ValuAmerica’s ability to serve our national clients in the country’s largest real estate market.”Founded in 2013, ValuEscrow provides loan closing and escrow services to Realtors, lenders and title companies statewide. The company will continue to operate with its current staff and under its own brand and license. No other terms of the transaction were announced. Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Subscribelast_img read more

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Tiffany Malm-Ruiz to Oversee REO at USRES

first_img in Featured, Headlines, News, REO Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Tagged with: REO Rida Sharaf Tiffany Malm-Ruiz USRES Data Provider Black Knight to Acquire Top of Mind 2 days ago U.S. Real Estate Services, Inc. (USRES) announced Monday that Tiffany Malm-Ruiz has joined the USRES Management team. Malm-Ruiz will be responsible for the oversight and management of the REO Division alongside Gene Shibata, REO Supervisor, and is in charge with REO client relations, compliance adherence benchmarking, procedural analysis/audit, policy review/analysis, and other managerial responsibilities. “I am very excited to be joining a company and team that are committed to establishing lasting relationships with clients…” she said.  Previously, she was AVP of Portfolio Management at Phoenix Asset Management LLC in Salt Lake City, where she oversaw the day-to-day operations of all steps in the REO process. She also worked at Robert J. Jackson & Associates, Green River Capital and Select Portfolio Servicing in account management positions.Malm-Ruiz’s experience boasts a broad understanding of mortgage servicing, operations, and vendor and asset management. She also holds her Six Sigma and Lean Management Certification, and has an eye for identifying trends or potential issues and implementing initiatives and processes for growth, profit, improvement, and efficiency.“With more than 16 years experience within the REO industry, Tiffany has a broad knowledge-base and understanding of the REO process and its many intricacies,” said Rida Sharaf, SVP, USRES Operations. “We are very excited to add such a well-versed and seasoned veteran of the REO industry to our exemplary management team…” REO Rida Sharaf Tiffany Malm-Ruiz USRES 2017-06-09 Staff Writer Share Save Servicers Navigate the Post-Pandemic World 2 days ago Tiffany Malm-Ruiz to Oversee REO at USRES Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Choosing a Tech-Savvy Insurance Vendor Next: LoanCare Announces Adam Saab as COO About Author: Staff Writer Home / Featured / Tiffany Malm-Ruiz to Oversee REO at USRES The Week Ahead: Nearing the Forbearance Exit 2 days ago June 9, 2017 2,301 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Subscribelast_img read more

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Black Friday Isn’t the Time to Go House Shopping

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / Black Friday Isn’t the Time to Go House Shopping Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Headlines, Journal, Market Studies, News Related Articles About Author: David Wharton Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save November 22, 2017 1,453 Views It’s a Thanksgiving tradition, nearly as cherished as turkey and football. The day after Americans celebrate all the things they’re thankful for by gathering with loved ones and downing a cornucopia of delicious foods, it’s time to go on the hunt—for Black Friday savings. When it comes to shopping for a new home, there is no Walmart to camp out in front of, but is there an equivalent? Is there a Black Friday for housing?According to the latest edition of Trulia’s biannual cut-rate housing report, there is…but it’s not in November. In fact, the late fall and early winter is one of the worst times to go looking for sale prices to drop. If you’re looking for a cheaper home in your stocking, you’re going to have to wait until the snow is melted and summer is in swing.Trulia sifted through six years’ worth of data and determined that home price cuts are most common in the months between May and October. On the other end of the spectrum, December is the month that sees the fewest home price cuts. As for the homebuyer equivalent of Black Friday? It’s actually in August. According to Trulia’s analysis, one 1 of 7 homes for sale will see a markdown in August—that works out to 13.9 percent.“The cuts are likely driven by sellers who have sat through the summer months waiting for a buyer and don’t want to keep waiting into the fall and winter months as selling activity declines in most places,” explains Trulia’s blog post.In December, only 8.3 percent of listings—1 in 12—will see a price cut. Trulia says, “By this time, most sellers and agents are holding out hope for renewed interest in early spring as potential buyers ramp up their searches again.”To read more about Trulia’s analysis, including region-specific data, click here. The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Previous: Healthy Economy, Low Unemployment Fuels Strong Prices for Owners Next: Property Management: Adapting to Change Demand Propels Home Prices Upward 2 days agocenter_img Subscribe Black Friday Isn’t the Time to Go House Shopping Governmental Measures Target Expanded Access to Affordable Housing 2 days ago black friday Home Prices Home Sales Trulia Research 2017-11-22 David Wharton David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago Tagged with: black friday Home Prices Home Sales Trulia Research Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

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CFPB Discusses Dodd-Frank and Abuse

first_img  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago CFPB Discusses Dodd-Frank and Abuse The Consumer Financial Protection Bureau (CFPB) held its first symposium on Tuesday, with a focus on the Dodd-Frank Act’s prohibition on abusive acts or practices. The symposium consisted of two panels of “unfair, deceptive, or abusive acts and practices” (UDAAP) experts, providing a public forum for the CFPB and the public to hear various perspectives on the meaning of abusiveness.CFPB Director Kathleen Kraninger discussed the uncertain meaning of abusiveness.“Although Congress provided a definition of what constitutes an abusive act or practice in the Dodd-Frank Act, abusiveness  does not have the long and rich history of unfairness or deception,” said Kraninger in her statement. “We have heard from some stakeholders that there is uncertainty about abusiveness’s parameters, which makes it harder for businesses that want to comply with the law to do so. And this uncertainty creates impediments to innovation and other salutary developments in the marketplace.”The first panel was a discussion on various policy issues relating to the abusive standard under Dodd-Frank. Panelists included:Patricia McCoy, Professor of Law, Boston College Law SchoolTodd Zywicki, Professor of Law, George Mason University, Antonin Scalia Law SchoolHoward Beales, George Washington University; former Director of the Federal Trade Commission (FTC) Bureau of Consumer ProtectionAdam Levitin, Professor of Law, Georgetown Law SchoolDuring the symposium’s second panel, experts examined how the abusive standard has been used in practice. These experts were:William MacLeod, Partner at Kelley Drye; former Director of the FTC Bureau of Consumer Protection and Bureau of CompetitionEric Mogilnicki, Partner at Covington & Burling; former Chief of Staff, Senator Ted KennedyLucy Morris, Partner Hudson Cook; former CFPB Deputy Enforcement DirectorNicholas Smyth, Assistant Director of the Pennsylvania Office of Attorney General’s Bureau of Consumer Protection, Senior Deputy Attorney General“Today’s symposium is a proactive effort as the Bureau fulfills its mission,” said CFPB Deputy Director Brian Johnson. “After all, an important component of consumer protection is combating unlawful acts or practices by market participants, including and especially those that are discriminatory, deceptive, unfair, or abusive.”Watch a replay of the symposium here. Previous: Gauging Investor Opinion Next: Ben Carson Named Affordable Housing Council Chair Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago June 25, 2019 1,933 Views Subscribe Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Government, News, Secondary Marketcenter_img About Author: Seth Welborn Home / Daily Dose / CFPB Discusses Dodd-Frank and Abuse Share Save CFPB Dodd-Frank 2019-06-25 Seth Welborn The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: CFPB Dodd-Frank The Best Markets For Residential Property Investors 2 days agolast_img read more

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