Royal Bank of Scotland pulls petty mortgage stunt

Royal Bank of Scotland pulls petty mortgage stunt

Here's why we shouldn't be surprised

Foreclosure timelines in California, Nevada stay lengthy

Moody’s: Gradual decline to start in early 2016

Will housing headwinds flatten home sales?

Auction.com: Market maintaining current momentum
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Boston’s top 7 suburbs

The best neighborhoods for home value growth at every price point
Trey Garrison
HousingWire is teaming with BuildZoom to identify the neighborhoods in major metros with the best home value appreciation. Here's how Old Towne breaks out.
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Foreclosure timelines in California, Nevada stay lengthy

Moody’s: Gradual decline to start in early 2016
Trey Garrison
Foreclosure timelines for private-label residential mortgage-backed securities loans backed by properties in California and Nevada, two non-judicial foreclosure states, will remain lengthy over the next year until gradually starting to decline in early 2016.
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SFR transactions a low risk of inducing downward price spirals

Moody’s: Failure to refi won’t result in forced sell-off
Trey Garrison
A steep drop in home prices would reduce liquidation recoveries in single-family rental securitizations if the transactions must sell properties to repay bondholders, but the risk that a transaction sponsor’s failure to refinance its loan would itself trigger a widespread property price decline that would in turn harm the transaction’s recoveries is low.
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Legal group sounds alarm on foreclosure rescue scams

Joint report looks at cost and tactics behind fraud
Trey Garrison
The Center for NYC Neighborhoods and the national Lawyers’ Committee for Civil Rights Under Law released a joint report on foreclosure rescue scams, what it costs, and what the latest tactics are.
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GuardHill Financial names Melissa Cohn president

Company plans expansion
Ben Lane
GuardHill Financial, a New York City-based mortgage banker and mortgage company, has named Melissa Cohn as the company’s new president. In this role, Cohn will lead the company’s day-to-day operations and “help drive forward the strategic vision for the company,” GuardHill said in a release.
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Royal Bank of Scotland pulls petty mortgage stunt

Here's why we shouldn't be surprised
Jacob Gaffney
In fact, the disdain banks and their branch workers have toward their customers is even the subject of one bank's marketing campaign — that's testament to just how widely accepted it is that customer service is terrible. Well, RBS reportedly did something to top it all.
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Freddie Mac to make loan-level loss data available to investors

Aims to increase transparency in credit risk-sharing offerings
Ben Lane
"It is important for investors to have this expanded view of credit risk, especially as we continue to grow and evolve our credit risk offerings,” said Kevin Palmer, vice president of single-family strategic credit costing and structuring for Freddie Mac.
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Court rulings in unpaid HOA fees raise risk in RMBS, SFR deals

Moody’s: Newer deals have provisions to mitigate risk
Trey Garrison
A new report from Moody’s Investors Service spotlights how recent rulings by the highest courts in Nevada and Washington, D.C. on unpaid HOA fees raise risk in residential mortgage-backed securities and single-family rental securitizations.
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Fannie Mae partners with Detroit to demolish foreclosed homes

GSE will sell vacant properties to Detroit Land Bank
Ben Lane
In what the parties are calling an “initial transaction,” Fannie announced that it will sell 44 foreclosed properties to the Detroit Land Bank Authority “for a nominal fee,” and contribute funds for the demolition of some of the properties.
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Lag in housing starts, employment drag on October economy

Chicago Fed index shows slowing economic activity
Trey Garrison
The economy slowed in October, with much of the drag coming from a weakness in housing and consumption and a slowdown in employment growth and production.
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