One couple faces one of the worst scenarios after renting their home to strangers on Airbnb. What was meant to be four people soon multiplied as the house descended into a massively destructive orgy. The damage is extensive.
Housing authorities announced new minimum requirements for state registration and supervision of appraisal management companies. With the new rule, states may elect to register and supervise AMCs, but there are catches.
The Mortgage Bankers Association announced that it welcomed 11 new members into its ranks in the month of March. The additions continue the organization’s growth, as the MBA also added 31 new members in January and 16 members in February.
Mortgage servicers hoping to get their hands on the servicing rights for loans owned by Freddie Mac and Fannie Mae have that chance, according to MountainView Servicing Group, which is acting as advisor in the sale of two separate sales of agency mortgage servicing rights.
A year ago Lorraine Woellert was a reporter for Bloomberg, where she told the story of Sara Stevens, daughter of a guy who knows a little about homeownership and mortgages. Now that Woellert is at Redfin, she revisited the issue and the daughter to look at what's really happening in housing.
Chase just released a new survey with insights into what goes on in a potential homebuyer’s mind when making the decision to buy a new home. As an added bonus, it shows how intensely relationships play into housing choices.
“Nearly every part of the real estate process has been transformed by technology except for home financing. Getting a mortgage is still manual, frustrating and confusing,” said Nick Stamos, CEO and founder of Sindeo..
Legacy insurers are headed toward solid ground, with some experiencing their first full year of profitability since the housing crash. New entrants, meanwhile, are raising capital, entering the fray and gaining market share. Read More
First, I’m not suggesting totally yanking FICO or Vantage Scores or anything like that. What I am recommending is the adoption of other models that would equally, or even more effectively, determine who can repay a loan. Read More