Articles by Trey Garrison

Black Knight: Delinquency rate rises for 2nd month to 4.9%

But foreclosure starts are down 16.25% since September 2014
Here's a “first look” at September 2015 month-end mortgage performance statistics derived from Black Knight Financial Services’ loan-level database representing the majority of the national mortgage market. According to the results, the national delinquency rate is the highest it has been since May of this year.
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Home sales beat expectations in September

September marks 12 months of consecutive annual sales gains
Existing-home sales bounced back very strongly in September, up 4.7% to nearly reverse the prior month's revised decline of 5%, a drop that now looks like an outlier on a steadily rising slope.
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Cordray, Watt: Mortgage industry matures to meet new regulatory framework

It’s been a tough road, but the changes are working and more to come
A meeting between the heads of the Consumer Financial Protection Bureau and the Federal Housing Finance Agency turned into a preview for the 2016 FHFA Scorecard — with a look at the status of the Common Securitization Platform and Single Security and the move towards increasing credit risk transfers.
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Stegman: White House will not consider recap and release of GSEs

“Comprehensive housing finance reform is the only way forward”
The White House’s senior policy advisor for housing says that there’s no way the administration will support any form of recapitalization and release from conservatorship for Fannie Mae and Freddie Mac, and that only comprehensive housing policy reform is acceptable.
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GSE leadership no longer expecting reform

Fannie, Freddie CEOs focus on reducing risk, expanding credit
The government-sponsored enterprises are getting back to their core mission, shaking the idea that a resolution to conservatorship is just around the corner, and reshaping their business models to reduce risk to taxpayers while expanding access to credit. Here's what it means for the industry.
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