In the event of another market crash, congress is taking action to prevent further cost to taxpayers by introducing reform to the GSEs. However, how might this reform impact Fannie and Freddie's borrowers?
Read More »Monitoring the Mortgage Market
Increases in home price may not be good for buyers, but it is for mortgage performance, according to a recent report. What else could be contributing to the improved outlook?
Read More »Altisource Completes $106.5 Million Property Purchase from Amherst
This is Amherst’s second transaction with Altisource Residential. Amherst and Altisource Residential have agreed to transact on up to an additional 2,750 single family rental properties in 2017. Under the terms of the agreement, Altisource Residential has purchased a 100 percent equity interest in the portfolio, and Amherst sponsored entities are providing seller financing equal to 75 percent of the sale price.
Read More »CFPB Questions Court Decisions
Previously, the Trump administration had indicated its support the D.C. Court’s initial ruling, which would make CFPB Director Cordray eligible to be fired at will by the president. Although the CFPB had argued against the administration’s interpretation of the bureau’s constitutionality, the Trump administration has the support of the D.C. Circuit Court.
Read More »Sun Bancorp Elects Director
On Tuesday, Sun Bancorp, Inc, the holding company of Sun National Bank, announced that the board of directors has elected James B. Lockhart III as a Director. Lockhart ...
Read More »Fannie Mae No Longer Has Automatic Path to Federal Court
The U.S. Supreme Court ruled on Wednesday that Fannie Mae cannot automatically bring state lawsuits to federal court, reversing an earlier decision by the Ninth Circuit Court.
Read More »The Week Ahead: Waiting for Housing Starts to Pick Up
Many analysts have cited new home construction as the key to solving the inventory problem, but both housing starts and permits took a step back in the most recent New Construction Report from HUD and the Census Bureau. Will starts and permits pick up again?
Read More »Uncertainty Clouds Fed’s Economic Outlook
According to the Federal Open Market Committee, participants expect the economy to continue to expand at a moderate pace and for the labor market to strengthen further, but uncertainty lingers among FOMC members as to the new administration's fiscal policy.
Read More »The Week Ahead: Competition Heating Up for Housing
The most recent pending home sales report, based on contract signings, from the National Association of Realtors indicated that buyers are snapping up homes as quickly as possible. Will this trend continue?
Read More »Avoiding Communication Breakdowns Between Servicer and Borrower
Mortgage servicers are under intense pressure from investors and regulators to ensure a positive consumer experience, and ATPR gives a suggestion on how to provide that experience in a recent white paper.
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