Flagstar Bancorp Inc., the holding company for Flagstar Bank FSB, announced that it has entered into an agreement with the U.S. Read more here: Flagstar CEO Campanelli Projects Profitability for 2012 as FHA and HUD Issues Are Resolved … [Read more...]
Flagstar CEO Campanelli Projects Profitability for 2012 as FHA and HUD Issues Are Resolved
February 27, 2012 by
The FHA 203(k) Loan: How to Help Clients Buy the House of Their Dreams
February 27, 2012 by
Another home that just won’t sell! The home had been on the market for more than six months without a single offer. The sellers were anxious, and their agent wasn’t sure just what to do. “Remodel the kitchen and replace your countertops and cabinets,” their real estate agent instructed, … [Read more...]
Pending Home Sales Reach Highest Mark Since April 2010
February 27, 2012 by
Pending home sales are on an upward trend, which has been uneven but meaningful since reaching a cyclical low last April, and are well above a year ago, according to the Pending Home Sales Index (PHSI) from the National Association of Realtors (NAR). The Index is a forward-looking indicator based … [Read more...]
Sales of Newly-Built Homes See Slight Decline in January
February 24, 2012 by
Sales of newly-built, single-family homes declined by less than one percent in January from an upwardly revised number in the previous month to hit a seasonally adjusted annual pace of 321,000 units, according to data jointly released by the U.S. Department of Housing & Urban Development (HUD) and … [Read more...]
Existing-Home Sales Rise for the Third Time in Four Months
February 22, 2012 by
According to the latest reports from the National Association of Realtors (NAR), existing-home sales rose in January, marking three gains in the past four months, while inventories continued to improve. Total existing-home sales, which are completed transactions that include single-family homes, … [Read more...]
Foreclosure Starts Begin to Rise in January
February 22, 2012 by
Lender Processing Services Inc. (LPS) has reported the following "first look" at January 2012 month-end mortgage performance statistics derived from its loan-level database of nearly 40 million mortgage loans: ►Total U.S. Read this article: Foreclosure Starts Begin to Rise in January … [Read more...]
Default Rates Drop Nationwide in January
February 21, 2012 by
Data through January 2012, released by Standard & Poor's (S&P) Indices and Experian for the S&P/Experian Consumer Credit Default Indices, a measure of changes in consumer credit defaults, has shown that most loan types saw a decrease in default rates during January. After four consecutive months of … [Read more...]
How About Them Fraudsters? Former Cowboy Lockhart Faces 10 Years After Mortgage Fraud Conviction
February 20, 2012 by
Following a nearly five-week jury trial, four co-defendants in a mortgage fraud scheme run by former Dallas Cowboy Eugene J. View post: How About Them Fraudsters? Former Cowboy Lockhart Faces 10 Years After Mortgage Fraud Conviction … [Read more...]
Real Property Decisions Releases Tool for Improved Diligence on Non-Performing and REO Assets
February 20, 2012 by
Real Property Decisions has released its new Default Reconciliation Report, a valuation analysis service which provides mortgage servicers and investors with critical valuation information to supplement a broker price opinion (BPO) or appraisal. The Default Reconciliation Report meets the growing … [Read more...]