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Navigating the Lending Landscape Amid Rising Interest Rates Explore the challenges and strategies in the lending landscape amid rising interest rates. Discover how lenders are adapting and educating borrowers.
Lending (1534)
Real Estate Investment Funds, Executives Facing Federal Charges
The Securities and Exchange Commission today announced charges against two real estate investment funds and four executives in connection with their alleged roles in misleading investors by failing to disclose that it could not pay its distributions and was using money from a newer fund to pay distributions to investors in the older fund. Also,… Read more...
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Quicken: Homeowners' Realistic About Home Values
Homeowners are realistic about the value of their homes. For the second consecutive month, home value perceptions remained steady with owners barely overvaluing their home, at a national level. In September, the average appraisal was only 0.29 percent less than what owners expected, according the Quicken Loans National Home Price Perception Index This result is… Read more...
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New American Funding To Deploy Black Knight’s Servicing Digital Solution
New American Funding will deploy the Black Knight Servicing Digital solution, which provides borrowers with an easy way to manage their loans and access details about how much wealth can generated from their real-estate assets. Servicing Digital will also help New American Funding strengthen customer relationships and increase retention by giving their consumers easy, round-the-clock… Read more...
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Foreclosure Filings Approach 13-Year Low
Foreclosure filings have declined to their lowest level in 13 years, almost setting a new 13-year low. The number of properties that received foreclosure filings--default notices, scheduled auctions or bank repossessions—fell to 177, 146 properties in the third quarter of 2018, a decline of six percent, according to the most recent U.S. Foreclosure Market Report… Read more...
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Yourhome1source-Aboutmymortgage.com Form Alliance
Yourhome1source and Aboutmymortgage.com have created an alliance designed to ensure that borrowers have the information they need to make well-informed mortgage decisions. On YourHome1Source.com borrowers will now have expedited access to information about their existing mortgage, so they can make an informed decision about a potential refinance, home equity loan or a new mortgage. Your… Read more...
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Flagstar Hires Fourth Senior Mortgage, Banking Exec in Past 14 Months
[caption id="attachment_6748" align="alignleft" width="150"] Scott Bristol[/caption] Flagstar Bank has hired its fourth senior mortgage and banking executive in a little more than a year. The fourth, and most recent hire, was Scott Bristol as senior vice president and national production manager of its retail mortgage business. He brings to Flagstar more than 20 years of… Read more...
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US Mortgage Foreclosure Rate Drops to a 12-Year July Low, Notes Survey
The foreclosure inventory rate for July was at the lowest level in more than a decade. The foreclosure inventory rate for July 2018 hit 0.5 percent, down 0.2 percent compared with the same period a year earlier, and marking a 12-year low in the statistic, according to the Loan Performance Insights Report from CoreLogic. The… Read more...
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Rate Concerns Cause Consumer Sentiment to Decline Slightly
The Fannie Mae Home Purchase Sentiment Index decreased slightly in September, falling 0.3 points to 87.7, reversing August's increase. The dip can be attributed to decreases in three of the six components, including the mortgage rate and household income components. The net share of Americans who said it is a good time to buy a… Read more...
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The Mortgage Files: Fannie Names (Interim) CEO, A Couple Deals
A New (Interim) Top-Man at Fannie Mae Fannie Mae named Hugh Frateras as interim chief executive officer. The appointment will be effective on Oct. 16, 2018, subject to final FHFA approval. "I have great respect for Fannie Mae and the significant role it plays in our housing system," said Frater. “I look forward to working… Read more...
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Home Prices Least Affordable They’ve Been in 10 Years, Notes Survey
The U.S. home prices in the third quarter were at the least affordable level since Q3 2008, a 10-year low, according to the Q3 2018 U.S. Home Affordability Report from Attom Data Solutions. Nationwide, the home affordability index of 92 was down from an index of 95 in the previous quarter and an index of… Read more...
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