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Wells Fargo Home Mortgage is embracing residential reforms mandated by the new national servicing standards, regulatory consent orders and the Dodd-Frank Act.
July 31 -
The S&P Case-Shiller house price index climbed 2.2% in May after a 1.8% increase in April.
July 31 -
The Census Bureau reported that the number of the owner-occupied homes rose by 126,000 units in the second quarter after falling by 490,000 units in the first quarter.
July 31 -
Ellie Mae has upgraded its Encompass360 loan origination system with new features to increase compliance and efficiency.
July 31 -
Optimism from Trepp analysts that commercial MBS delinquency rates might improve in the second half of 2012 did not occur in July as expected.
July 30 -
Roughly 2.7 million California households – homeowners and renters – pay at least half their income for housing.
July 30 -
According to bank earnings reports of the past few weeks, residential fundings are on a tear—with the anticipation that application volumes will continue to hold steady or increase.
July 30 -
If the CFPB makes brokering impossible, how many brokerage shops can afford to convert into a mortgage banking firm? The capital requirement is currently $2.5 million, while rumors persist that it may be hiked to $3.5 million over the next few years. The net worth requirement is set by Fannie Mae, Freddie Mac, and GNMA/FHA
July 27
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The Census Bureau reported that 1.6 homes vacant homes were listed for sale as of June 30, down 3% from the first quarter and 18.6% from a year ago.
July 27 -
Freddie Mac purchased $44.1 billion of mortgages from its seller/servicers in June, the GSE’s best acquisition month of the year and a sign that loan production is strong.
July 27
