This is why you can't blame Millennials for low homeownership rates

Bill to eliminate $6M raise for Fannie, Freddie CEOs passes House Committee 57-1

Growing bipartisan support means passage likelier

Pending home sales drop for the first time in 2015

May level down 1.8% on low inventory, escalating prices
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Items Tagged with 'Servicers'

ARTICLES

Where are the non-bank servicers?

Non-bank servicers should follow Ocwen's example
While the economic recovery is well underway in many parts of America, not all local markets are participating. Many communities that were hard hit by the housing and economic crisis, particularly in the Midwest and Southeast, are being left behind.
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FHFA announces new financial rules for nonbanks

Proposed rules include capital reserve requirement
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.
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From HW Magazine

Taking the foot off the accelerator

A look at what lies ahead for MSR transfers in 2015
Mortgage servicing rights will get bought and sold in 2015, but the volume won't reach the go-go days of 2012 or 2013, and the portfolios put out to market are expected to be smaller.
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From HW Magazine

What’s next in field services?

Technology and ramped-up maintenance services top the list
Regulation and compliance — these words have been at the forefront of the mortgage industry in the past year or so. As we prepare to enter 2015, focusing on compliance and new and constantly changing regulations will remain the industry’s focus.
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Mortgage servicers trend toward multiple field-service providers

Is it time to spread out the grunt work?
With so many changes taking place in the default servicing arena, with heightened focus on regulations and compliance issues, one solution being chosen by some lenders, servicers and investors is to contract with multiple field service providers, rather than a single “national” provider.
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