Sunday , 29 November 2020

DS News

DS News

HUD Awards New Mortgagee Compliance Manager Contract for $42 Million

By Brian Honea Bethsesda, Maryland-based IT and logistical support provider Information Systems & Network (ISN) Corporation has been awarded the contract to serve as Mortgagee Compliance Manager (MCM) for the U.S. Department of Housing and Urban Development (HUD). The post HUD Awards New Mortgagee Compliance Manager Contract for $42 Million appeared first on DSNews. Via:: HUD Awards New Mortgagee Compliance …

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FHFA: Uncertainty Remains as to GSEs’ Financial Sustainability

By Brian Honea Fannie Mae reported positive net worth of $3.7 billion as of the end of 2014, slightly more than half of which ($1.9 billion) represented a dividend obligation to the Department of Treasury that was paid on March 31, 2015. Fannie Mae’s net income for 2014 of $14.2 billion was only a fraction of the $84 billion the …

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McCalla Raymer Announces Additions to Firm

By Brian Honea Full-service residential and commercial real estate legal services firm McCalla Raymer, LLC has announced the opening of a new office in Oxford, Mississippi, as well as the addition of senior counsel Jim DeLoach and associate David Flautt to the firm. The post McCalla Raymer Announces Additions to Firm appeared first on DSNews. Via:: McCalla Raymer Announces Additions …

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Additional HUD Grants Awarded to Counseling Agencies Brings Total to $42 Million

By Brian Honea Nearly $6 million of the total $42 million will directly support the housing counseling services provided by 33 national and regional organizations, six multi-state organizations, 20 State Housing Finance Agencies (SHFAs), and 248 local housing counseling agencies. The post Additional HUD Grants Awarded to Counseling Agencies Brings Total to $42 Million appeared first on DSNews. Via:: Additional …

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Mortgage Default Indices Continue Falling to Historic Lows

By Brian Honea The composite index declined by nine basis points from April to May, down to 0.88 percent, a historic low for the second consecutive month. The first mortgage default rate also posted a decline of nine basis points from April to May down to 0.74 percent, also a historic low. The second mortgage default rate fell by one …

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Number of Properties With Equity Is Rising While Total of Underwater Homes Declines

By Brian Honea About 9.7 million residential properties out of the 50 million homes nationwide with a mortgage (19.4 percent) have less than 20 percent equity, which is commonly referred to as being “under-equitied.” About 2.7 percent of homes (1.3 million) have less than 5 percent equity, which is commonly referred to as having “near-negative equity.” The post Number of …

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Nationwide Title Clearing Now Offers Collateral File Audit and Remediation Service

By Brian Honea The collateral file audit and remediation service is customizable and can be tailored to specific portfolios, investors, and objectives, according to NTC. The post Nationwide Title Clearing Now Offers Collateral File Audit and Remediation Service appeared first on DSNews. Via:: Nationwide Title Clearing Now Offers Collateral File Audit and Remediation Service       

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Trulia Hires New Chief Economist

By Brian Honea Hepp currently collaborates with the University of Southern California’s Lusk Center and the REALTOR University Center for Real Estate Studies. She previously served as a senior economist with the California Association of Realtors and as an economist and manager of public policy and homeownership with the National Association of Realtors. The post Trulia Hires New Chief Economist …

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