Tag: Homeownership

Economist: TRID is Not Affecting Housing Market Potential

Economist: TRID is Not Affecting Housing Market Potential DSNews   by:  Brian Honea   January 19, 2016 While November’s substantial decline in existing-home sales was largely attributed to the impact of the TRID, or “Know Before You Owe” mortgage rule, which went into effect on October 3, one economist said the CFPB’s controversial rule is […]

Fannie Mae Change Aimed at Helping More Struggling Borrowers Avoid Foreclosure

DSNews  By: Brian Honea  December 7, 2015  The GSEs have made helping families avoid foreclosure one of their top priorities since the start of the housing crisis, and Fannie Mae just announced an update to support a policy change to assist in that initiative. Fannie Mae announced it has updated its Servicing Management Default Underwriter […]

Foreclosure Inventory Rate Drops to Below Pre-Recession Levels

DSNews  By: Brian Honea With nearly a 30 percent year-over-year decline in June, the nation’s foreclosure inventory rate—the share of residential homes with a mortgage in some state of foreclosure—is at 1.2 percent, the lowest level since 2007, according to CoreLogic‘s June 2015 National Foreclosure Report released Tuesday. The foreclosure inventory rate has now declined year-over-year […]

Senator Proposes Legislation to Help Underwater Borrowers Avoid Foreclosure

DSNews  By: Brian Honea  June 19, 2015 U.S. Senator Bob Menendez (D-New Jersey) has proposed legislation that will help underwater homeowners avoid foreclosure and remain in their homes, according to an announcement onMenendez’s website. The Preserving American Homeownership Act is intended to help the estimated 5.1 million Americans who are underwater, or owe more on […]

Single-Family Rental Market Experiencing Shift Toward South and Midwest

DSNews    By: Xhevrije West CoStar, a research organization, reported that single-family rental (SFR) property acquisition is geographically shifting as home prices stabilize and credit conditions ease. Institutional investors have also become more selective in which properties to buy and are more focused on managing their properties, collecting rents, and improving operations. Morgan Stanley, an investment […]

Economists Predicting Good News for Job Market, Housing

DSNews   Author: Brian Honea February 13, 2015 A survey conducted among economists by theFederal Reserve Bank of Philadelphia on economic growth in the United States released on Friday revealed that predictions have been revised upward for the labor market – which means good news for the economy and for housing recovery. The Philadelphia Fed […]

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