Wells Fargo Finally Settles Lawsuit Over Veterans Affairs Loans
Wells Fargo & Co. announced today that the company has agreed to settle a lawsuit that claimed some Veterans Administration (VA) Interest Rate Reduction...
U.S. Home Prices In June Rose 6.7% Year Over Year
U.S. home prices increased year over year by 6.7% from June 2016 to June 2017, and on a month-over-month basis, home prices increased by 1.1%...
NAR: Pending Home Sales Reversed Course In June
After declining for three straight months, pending home sales recovered in June as all major regions, except for the Midwest, saw an increase in...
Fed To Begin Quantitative Tightening ‘Relatively Soon’
Balance sheet normalization will likely commence before year's end, 'provided that the economy evolves broadly as anticipated.'
Mortgage Servicer Ocwen Inks Major MSR Deal With New Residential
“This is a great transaction for both companies, and we are extremely pleased to announce our new strategic partnership."
Black Knight: Low Interest Rates Continue To Push Prepayments Higher
Low interest rates continued to push prepayments higher in June, according to Black Knight Financial Service’s “First Look” report.
The prepayment rate in June was...
Harry Gardner: Misconceptions Still Surround E-Signatures
PERSON OF THE WEEK: Harry Gardner is executive vice president of e-strategies for Docutech, a provider of e-signature and e-document technology to the mortgage...
Median U.S. Home Value Surpasses $200k for the First Time
According to the June Zillow Real Estate Market Reports, the national median home value is now $200,400, up about 7.5% since this time last...
Fannie Mae: Slowdown Likely in Second Half
Expectations for 2017 economic growth remain at 2.0% amid a projected second-half slowdown, according to the Fannie Mae Economic & Strategic Research (ESR) Group's...
Chase Taps Google’s Data to See What Mortgage Info Is Being Searched
Chase Home Lending and Google recently announced a partnership whereby the organizations are collaborating to see how and what people are searching to find...
RBS Settles Mortgage Securities Lawsuit for $5.5 Billion
The Royal Bank of Scotland Group (RBS) has reached a settlement with the Federal Housing Finance Agency (FHFA), the conservator of Fannie Mae and...
Millennials Are Hot for Minnesota?
Millennials continue to compete for available housing inventory, but recent data from Ellie Mae shows that millennials are attracted to more affordable real estate...
HSBC Reportedly Engaged in Negotiations with DOJ
Global banking behemoth HSBC Holdings is reportedly negotiating with the U.S. Department of Justice to potentially resolve open investigations regarding the company’s mortgage securities...
Home Prices ‘Up Strongly’ According to Newest Data
According to the CoreLogic Home Price Index (HPI) and HPI Forecast for May 2017, home prices are up strongly both year over year and...
NAR: Pending Home Sales Decrease for Third Consecutive Month
The ongoing supply shortages that are propping up home prices in many metro areas caused pending home sales in May to slump for the...
S&P/CoreLogic: Home Prices Continue Upward Trajectory, with 5.5% Annual Gain
Home prices continued trending upward across the country during the last 12 months, according to the S&P/CoreLogic Case-Shiller Indices, which reported a 5.5% annual...
NAR: Homeowners Confident in Selling; Renters Losing Confidence in Buying
Existing housing inventory has declined year over year each month for two straight years, but new consumer findings from the National Association of Realtors...
New Yorkers See Longer Time to Break Even on Home Purchases in Q1’17
The costs of renting a home in New York City would exceed the costs of buying a comparable home in 5.6 years, according to...
NAR Provides Snapshot Of Healthy Market In May
Existing-home sales rebounded in May following a notable decline in April, and low inventory levels helped propel the median sales price to a new...
Bringing It All Back Home: Nationstar Onshores Call Centers
Nationstar Mortgage says it has moved its international call center operations back to the U.S., creating 500 new jobs and bringing customer service closer...