By Brian Honea In the February 2015 Mortgage Industry Outlook Report released last month by the Collingwood Group and the Five Star Institute, 39 percent of survey respondents who service Federal Housing Administration (FHA) mortgages said that the biggest challenge in servicing those loans was fulfilling the Agency’s property preservation requirements. The post MCS: Challenges of Servicing FHA Mortgages Are …

By Brian Honea The U.S. Department of Treasury recovered approximately $30 million for taxpayers through the sale of First BanCorp common stock, according to an announcement from Treasury on Monday. The post Treasury’s Efforts Recover Another $30 Million in TARP Funds for Taxpayers appeared first on DSNews. Via:: Treasury’s Efforts Recover Another $30 Million in TARP Funds for Taxpayers       

By Brian Honea A bill approved by a committee in the North Carolina House of Representatives would allow distressed homeowners to omit forgiven principal mortgage loan debt when reporting tax income at the end of the year, according to a media reports. The post North Carolina Bill Would Permit Homeowners to Exclude Forgiven Mortgage Debt from Taxes appeared first on …

By Jordan Funderburk While REO sales still had the largest share of all-cash home sales in December 2014, both the share of cash sales that are REO sales and the share of REO sales that are cash sales were down month-over-month, according to data released by CoreLogic on Monday. REO sales have historically had the largest cash sales … The …

By Brian Honea The U.S. Department of Treasury recovered approximately $30 million for taxpayers through the sale of First BanCorp common stock, according to an announcement from Treasury on Monday. The post Treasury’s Efforts Recovery Another $30 Million in TARP Funds for Taxpayers appeared first on DSNews. Via:: Treasury’s Efforts Recovery Another $30 Million in TARP Funds for Taxpayers       

By Brian Honea Ocwen Financial Corp. found trouble in New York last year when a top regulator’s investigation revealed that the servicer sent backdated foreclosure notices to about 7,000 borrowers. Over the weekend, however, Ocwen made positive news in New York when it teamed with Neighborhood Housing Services of New York City to reach out to aid struggling homeowners who …

By Brian Honea While REO sales still had the largest share of all-cash home sales in December 2014, both the share of cash sales that are REO sales and the share of REO sales that are cash sales were down month-over-month, according to data released by CoreLogic on Monday. The post REO Cash Sales Share Falling, But Still High appeared …

By Brian Honea Consumers were more optimistic toward the economy than they’ve been at any point in the last five years, according to Fannie Mae’s February 2015 National Housing Survey released Monday. The percentage of respondents who said they believe the economy is on the right track increased by 3 percentage points since January’s survey up to 47 percent, an …