Articles by Megan Hopkins

CFPB discovers lingering servicing compliance issues

Many nonbanks lack robust compliance systems
Nonbank servicers are having the most trouble meeting the CFPB's compliance expectations for mortgage servicing. Many of the firms continue to operate without the appropriate compliance management systems in place, the regulator claims.
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Existing-home sales not reflective of current market

Investor influence remains high
The impressive growth in existing-home sales would seem to suggest a continually improving housing market. But David Berson, chief economist at Nationwide, believes it may be premature to assume this report is directly correlated with the current housing market.
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SoCal home sales surge to eight-year highs

Growing inventory providing more homes for buyers
A widening supply of homes in Southern California caused the market to see a surge in home sales, rising to an eight-year high for that month as buyers were able to find more available homes for sale.
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