Majority of Americans Unconcerned Over Fed’s Rate Increase DSNews by Scott Morgan January 20, 2016 In a recent survey which asked consumers how they felt about the effect of the Federal Reserve’s recent rate hike on the economy, more than half of respondents (56 percent) were not concerned—Any worries expressed over the Federal Reserve’s recent […]
DSNews By: Brian Honea As the single-family rental space becomes more populated with investors, all of whom are trying to gain any advantage that will help them cut costs and streamline processes, therefore maximizing profits, more of them are turning to technology. Many new technologies have come along just in the last few years […]
DSNews BY: Xhevrije West Mortgage fraud risk is being lowered by changes in residential origination practices and new regulation. According to a Fitch Ratings report released Tuesday, since the financial crisis, risk of fraud and misrepresentation has declined. “A key driver behind the poor performance of the peak vintage collateral was weak operational controls for the information […]
DSNews BY: By Brian Honea On September 3, 2015 [1]The negative equity rate on U.S. single-family homes fell below 15 percent during Q2, totaling approximately 7.4 million homes at the end of the quarter—slightly less than half the total of upside down homes at the worst of the crisis, according to the Zillow [2] Q2 2015 […]
DSNews By: Xhevrije West Home prices rose in almost all metro areas in the U.S. mostly due to the increase in home sales during Q2, according to the latest quarterly report by the National Association of Realtors (NAR). Despite low inventory levels, the median existing single-family home price increased in 93 percent of measured markets, with 163 […]
DSNews By: Brian Honea With nearly a 30 percent year-over-year decline in June, the nation’s foreclosure inventory rate—the share of residential homes with a mortgage in some state of foreclosure—is at 1.2 percent, the lowest level since 2007, according to CoreLogic‘s June 2015 National Foreclosure Report released Tuesday. The foreclosure inventory rate has now declined year-over-year […]
DSNews By: By George FitzGerald The CFPB’s Judicial Conference Advisory Committee on Bankruptcy Rules has proposed a variety of changes and updates that apply to periodic statements – many of which could have important and potentially difficult implications for servicers. The periodic statement is one of the areas that – depending on the conditions required by […]
DSNews By: Brian Honea The Credit Union National Association (CUNA) has asked the Consumer Financial Protection Bureau (CFPB) to delay implementation of the TILA-RESPA Integrated Disclosure (TRID) Rule, also called the Know Before You Owe Mortgage Rule, until January 1, 2016. CUNA, which represents America’s credit unions and their more than 100 million members, issued […]
DSNews By: John B. Montalbano June 19, 2015 As a mobile notary, like McDonald’s, I have served millions and millions. I have met homeowners grateful they will lower their mortgage payments by hundreds of dollars or get rid of high interest credit, or finally in retirement able to afford that dream vacation. Most exhilarated and […]
DSNews By: Brian Honea June 19, 2015 U.S. Senator Bob Menendez (D-New Jersey) has proposed legislation that will help underwater homeowners avoid foreclosure and remain in their homes, according to an announcement onMenendez’s website. The Preserving American Homeownership Act is intended to help the estimated 5.1 million Americans who are underwater, or owe more on […]
