Real Estate

Fidelity National Financial acquires Hudson & Marshall

Acquisition will power new offering: ServiceLink Auction
ServiceLink, the provider of transaction services to the mortgage and finance industries, is getting into the auction business thanks to its parent company buying one of the country’s top auction companies. On Monday, Fidelity National Financial, the title insurance giant and parent company of ServiceLink, announced that it acquired Hudson & Marshall.
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Monday Morning Cup of Coffee: HUD budget shows cuts still run deep

Proposed budget puts increased responsibility on state and local governments
The draft of HUD’s proposed 2018 budget calls for “increased responsibility on state and local governments and calls for the private sector to do more to meet community needs.” The proposed budget also eliminates the Housing Trust Fund, a program financed by Fannie Mae and Freddie Mac profits. Also, where is the next emerging market for mortgage lending? Here's where, according to the CEO of Caliber Home Loans.
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Can Hispanic homeownership finally boom under the Trump administration?

Hispanics stand to gain the most from new administration’s policies
The current administration’s policies could be the best thing that could happen for Hispanics working toward homeownership. While other groups continue to see diminishing homeownership rates, Hispanic homeownership rates are on the rise, but remain significantly lower than rates among other ethnicities.
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Watchdog: The CFPB fails to properly secure confidential enforcement information

The CFPB has a data security issue of its own
The Consumer Financial Protection Bureau’s Office of Enforcement fails to properly secure sensitive, confidential information, leaving the data available to both employees that no longer needed access to the data and former employees who left the bureau, a watchdog report found. Here are the details.
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New York unveils $20 billion plan to fight homelessness, boost affordable housing

First phase includes $2.5 billion for new construction, development
New York is taking homelessness and the state’s lack of affordable housing head-on with an ambitious new program announced Thursday by the state’s governor, Andrew Cuomo. According to Cuomo’s office, the state is launching a $20 billion, five-year plan to combat homelessness and advance the construction of affordable housing throughout the state.
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Genworth: First-time homebuyers just don’t understand down payments

Top factors blocking first-time homebuyers
A new survey of mortgage industry executives conducted by Genworth Mortgage Insurance breaks down what the industry believes is blocking new buyers from the housing market. To no surprise, the seemingly unattainable 20% down payment for first-time homebuyers continues to be one of the biggest barriers into homeownership. Here’s what else the survey found.
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