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: Brian Honea June 17, 2015 Bethsesda, Maryland-based IT and logistical support provider Information Systems & Network (ISN) Corporation has been awarded the contract to serve as Mortgagee Compliance Manager (MCM) for the U.S. Department of Housing and Urban Development (HUD). The MCM contract was awarded to ISN for the amount of $42,048,600. […]
DSNews By: Brian Honea June 17, 2015 The national composite default index reported a historic low for the second month in a row in May, one of four out of five national indices to report historic lows for the month, according to S&P Dow Jones Indices and S&P/Experian Consumer Credit Default Indices for May 2015 released Tuesday. […]
DSNews Author: Brian Honea February 24, 2015 4 due to a number of reasons that include foreclosure alternatives, home retention solutions, completed foreclosures, improved loan payment performance, and acquisitions of loans with stronger credit profiles, according to Fannie Mae’s recently released annual report. About 1.47 percent of mortgage loans backed by Fannie Mae were 30 to […]
DSNews: Author: Brian Honea January 26, 2015 Approximately half a million homeowners who received a mortgage loan modification in 2010 through the government’s Home Affordable Modification Program, commonly known as HAMP, are due to reset in 2015 – and those homeowners will be facing slowly increasing monthly mortgage payments. Will these homeowners be able to […]
DSNews: Author: Brian Honea January 23, 2015 Just one month after experiencing the largest monthly increase in six years, the nation’s mortgage delinquency rate took a big tumble in December, according to Black Knight Financial Services’December 2014 “First Look” at Mortgage Data released Friday. The mortgage delinquency rate, or the number of mortgage loans that are 30 […]
DSNews Author: Brian Honea January 15, 2015 While housing recovery has generally been uneven for the last few years, the housing market experienced substantial growth in the fourth quarter of 2014 for all five indicators of Trulia’s Q4 2014 Housing Barometer, which was released on Thursday. Three of the five indicators – existing home sales, […]
DSNews: Author: Brian Honea January 7, 2015 The pristine performance of mortgage loans in the U.S. with a vintage of 2009 or later is an indicator that underwriting standards could be loosened, according to CoreLogic senior economist Molly Boesel. In an analysis entitled “What’s an Acceptable Level of Mortgage Default?” published in CoreLogic’s December 2014 […]
DSNews Author: Brian Honea January 2, 2015 Fannie Mae’s gross mortgage portfolio took a huge downward turn in November, while the mortgage giant’s Book of Business inched upward, according to Fannie Mae’s November 2014 Monthly Summary released earlier this week. The balance of the gross mortgage portfolio dropped from $4.36 billion in October down to […]
DSnews Author: Brian Honea October 15, 2014 Several mortgage lenders have asked the Nevada Supreme Court to reverse a decision it made in September that a homeowners association’s (HOA) super priority lien can extinguish a first deed of trust nonjudicially on a residential property. Last month’s ruling, which was issued by only a 4-3 […]
