FHA originations show signs of improvement: TransUnion +
Mortgage origination volumes decreased for the 10th straight quarter to close 2023, but the performance of Federal Housing Administration-guaranteed loans…Read More
CrossCountry Mortgage failed to cover remote work costs, suit says +
A former CrossCountry Mortgage loan officer is suing the mortgage company for allegedly failing to reimburse employees for remote business-related…Read More
National Mortgage News quiz: May 17 +
Enjoy complimentary access to top ideas and insights — selected by our editors. Consider yourself a scholar of the latest mortgage…Read More
America's Moneyline cites new evidence in its countersuit against UWM +
America's Moneyline, one of the first mortgage brokerages to be sued by United Wholesale Mortgage for allegedly flouting its All-In…Read More
FHFA request for input eyes Federal Home Loan Banks' role +
A formal public request for feedback on the Federal Home Loan Bank system launched Thursday, following a year when it…Read More
UWM announces 0% down purchase product +
Mat Ishbia and United Wholesale Mortgage unveiled a 0% down purchase product Thursday, building on the wholesale giant's aggressive offerings…Read More
VA delinquencies jumped following call for foreclosure ban +
Delinquencies on loans partially guaranteed by the Department of Veterans Affairs jumped notably within the course of the first quarter…Read More
Housing starts, permits fall short as mortgage rates rise +
New home construction rose by less than forecast in April and permits for new activity dropped, suggesting the recent rise…Read More
Mortgage rates keep sliding after inflation report +
Mortgage rates continued moving lower this week, as the 10-year Treasury yield they are in part priced off of, also…Read More
Data issues may thwart expanded underwriting, coalition fears +
A coalition of mortgage industry groups have issued a letter to the Federal Housing Finance Agency that flags hurdles to…Read More
by Calculated Risk on 5/17/2024 01:12:00 PM Read More
Lawler: Early Read on Existing Home Sales in April & 3rd Look at Local Housing Markets +
Today, in the Calculated Risk Real Estate Newsletter: Lawler: Early Read on Existing Home Sales in April & 3rd Look…Read More
Early Q2 GDP Tracking: 1.9% to 3.6% +
by Calculated Risk on 5/17/2024 08:23:00 AM Read More
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Quick Quips!
Homes in FORECLOSURE that become vacant provide sites for crime or other neighborhood
problems. One foreclosure can impose up to $34,000 in direct costs on local government
agencies, including inspections, court actions, police and fire department efforts, potential
demolition, unpaid water and sewage, and trash removal, not to mention the blight to our neighborhoods and communities when they are left vacant. Homes in FORECLOSURE that become vacant provide sites for crime or other neighborhood
problems. One foreclosure can impose up to $34,000 in direct costs on local government
agencies, including inspections, court actions, police and fire department efforts, potential
demolition, unpaid water and sewage, and trash removal, not to mention the blight to our neighborhoods and communities when they are left vacant.
"If you represent an institution, and your firm is interested in a deleverage of under-performing assets backed by real property in your existing portfolio; or if you are an individual investor desirous of adding to your portfolio, we invite you to consider collaborating with us. Regardless of your need and specific strategy, our purpose is to increase the value of your efforts and help solve economic challenges faced by today's asset managers and investors."Jeff Barr, CEO"If you represent an institution, and your firm is interested in a deleverage of under-performing assets backed by real property in your existing portfolio; or if you are an individual investor desirous of adding to your portfolio, we invite you to consider collaborating with us. Regardless of your need and specific strategy, our purpose is to increase the value of your efforts and help solve economic challenges faced by today's asset managers and investors."Jeff Barr, CEO