3 quick takeaways from the mortgage conference happening right now

3 quick takeaways from the mortgage conference happening right now

Tidbits from SourceMedia Mortgage Servicing conference

New home sales plummet 14.5% in March

Spring buying season off with a whimper

4 metrics reveal California's true housing market

Foreclosures dwindle as home prices skyrocket

Items Tagged with 'New York'


New York requires licensing for title agents

State was one of three that didn't require licensing
April 14, 2014
The licensing requirement was included as part of the New York state budget passed on April 1. New York was previously one of three states in the country that did not require its title insurance agents to be licensed.
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13 riskiest cities for natural disasters

April showers bring May flowers
April 8, 2014
Before you can fully enjoy the sunshine of summer, you have to get through the April showers, in addition to any other natural disaster that might come through your neck of the woods.
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Want lower taxes? Here’s where you should live

Time to become familiar with Cheyenne, Anchorage and Sioux Falls
April 2, 2014
Wyoming, Alaska and South Dakota residents pay the least amount in state and local taxes per capita in the nation.
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4 reasons Lawsky is wrong about Ocwen

Sterne Agee: Complaints without substance
March 28, 2014
A recent detailed and exhaustive review by Sterne Agee of the issues raised by the New York Department of Financial Services suggests that most of the complaints raised by the DFS in a letter to Ocwen are without substance.
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New program offers mortgages with 1% down

First-time home buyers in Long Island eligible for new program
March 26, 2014
The Community Development Corporation of Long Island announced a partnership with the Housing Development Fund to offer SmartMove New York, a down payment assistance loan product.
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Fraudulent mortgage modifier sentenced to nine years in federal prison

Dangled TARP dollars, then defrauded hundreds of homeowners
March 21, 2014
Isaak Khafizov, 27, was sentenced to nine years in federal prison for operating a fraudulent mortgage modification operation that defrauded hundreds of struggling homeowners out of more than half a million dollars.
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Sterling National Bank acquires Apple Mortgage

Expands mortgage operations into New York City
March 4, 2014

Sterling National Bank acquired the business of Apple Mortgage Corp., a residential mortgage broker based in New York City. As a result, the bank will add a strong source of relationship-based mortgage production that will complement its existing residential mortgage business.

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Mortgage delinquency rate hits 5-year record low

TransUnion: Rate drops below 4%
February 13, 2014
The mortgage delinquency rate broke a five-year record, and for the eighth consecutive quarter, it dropped below 4%. But at the same time, mortgage delinquencies continue to be twice as high as levels observed prior to the housing bubble.
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Forget housing... mortgage deals fuel AG politics

AGs leverage money for power
February 4, 2014
Housing aside, mammoth mortgage settlements are helping fuel political winners. As history goes, Attorneys General have long capitalized on mortgage settlements to gain more power.
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10 most dangerous cities for real estate agents

Here's a hint: Chicago, NYC are not on the list
January 17, 2014
Real estate agents may not be police officers or soldiers, but they still put themselves at risk when showing homes. So which cities pose the biggest threat to real estate agents? The city topping the list may surprise you.
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