If the Federal Housing Finance Agency has its way, nonbanks that do business with Fannie Mae and Freddie Mac will have to meet capital and liquidity requirements. The FHFA said its latest initiative provides greater transparency, clarity and consistency to sellers and servicers.
Some economists believe the Republican sweep of both the Senate and House will reduce gridlock, increase pro-business legislation, and perhaps even lead to tax and immigration reform. One thing’s for certain — Democratic efforts to raise the minimum wage are now dead in the water.
Altisource is not the only housing stock BlackRock owns. In fact, according to recent filings with the SEC, BlackRock owns a substantial stake in another of Ocwen’s associates, Home Loan Servicing Solutions, as well as considerable interests in CoreLogic and Lowe’s.
Fannie Mae’s guidance that the lenders are responsible for reviewing and interpreting the CU findings has turned into some lenders sending all the findings to the appraiser to comment on with no interpretation or guidance. Here are some ways to cope with those changes.
Last year was forecasted to be a very tight year for mortgage originations. But that prediction didn't come true for everyone, with McLean Mortgage Corporation reporting strong levels that even came close to 2013's numbers.
“I’m all about long-term," Arvielo said. "I put people in houses that are sustainable. I don’t want people to be one broken stove away from foreclosure. It’s always been about collateral, capacity and credit. The minute the industry steered away from those underwriting principles is when we got into trouble.”
People are listening to real estate economists today in a way that anyone who covered the industry a decade or more ago would not recognize. Smoke is one of the members of this new wave of real estate economists. In fact, Smoke is actually the newest one on the block. The upstart economists at places like Trulia and Zillow are still new, Smoke is just the latest player to join the game..
Typically, for a process and a product that depends largely on human effort, if you want a higher quality product, you have to pay more. The best doctors, chefs, mechanics and attorneys all make more than the market average. Nevertheless, lenders, AMCs and Fannie Mae all expect appraisal quality to increase even as appraiser fees decrease. Read More