DS News

DS News

DS News Webcast: Friday 12/12/2014

By Jordan Funderburk The majority of mortgage industry professionals said they believed that the lowering of the down payment to 3 percent for first-time homebuyers by Fannie Mae and Freddie Mac was a step in the right direction for the housing market, according to the Collingwood Group’s November 2014 Mortgage Industry Outlook Report. In a survey conducted online distributed to …

Read More »

Fannie Mae Announces Risk Transfer Deal to Increase Role of Private Capital in Mortgage Market

By Brian Honea Fannie Mae has expanded its risk sharing offerings with Wednesday’s announcement of the credit insurance risk transfer (CIRT) deal, which transfers the credit risk on a pool of loans from the taxpayers to a panel of domestic reinsurers. The post Fannie Mae Announces Risk Transfer Deal to Increase Role of Private Capital in Mortgage Market appeared first …

Read More »

FHA Acting Commissioner Expresses Disappointment in Congressional Spending Plan

By Brian Honea A $1.1 trillion congressional spending bill proposed on Thursday may avoid another government shutdown, but Biniam Gebre, acting commissioner of the Federal Housing Administration (FHA), is disappointed that certain FHA programs were not included in that spending plan. The post FHA Acting Commissioner Expresses Disappointment in Congressional Spending Plan appeared first on DSNews. Via:: FHA Acting Commissioner …

Read More »

Treasury Recovers Another $22 Million in TARP Investments

By Brian Honea The U.S. Department of Treasury announced that is recovered $22 million for taxpayers through the sale of First BanCorp common stock earlier this week, and that it planned to sell additional stock in the San Juan, Puerto Rico-based bank. The post Treasury Recovers Another $22 Million in TARP Investments appeared first on DSNews. Via:: Treasury Recovers Another …

Read More »

Atlantic City Leaps from 25th to First Among Metro Areas for Highest Foreclosure Rate

By Brian Honea Keeping in line with the steadily increasing number of foreclosures in New Jersey, Atlantic City turned in the highest foreclosure rate in the nation among metropolitan areas with a population greater than 200,000 for November, according to RealtyTrac’s U.S. Foreclosure Market Report for November 2014 released Thursday. The post Atlantic City Leaps from 25th to First Among …

Read More »

Survey: Nearly 70 Percent of Industry Professionals See Lower Down Payment As Positive

By Brian Honea The majority of mortgage industry professionals said they believed that the lowering of the down payment to 3 percent for first-time homebuyers by Fannie Mae and Freddie Mac is a step in the right direction for the housing market, according to the Collingwood Group’s November 2014 Mortgage Industry Outlook Report released earlier this week. The post Survey: …

Read More »

DS News Webcast: Thursday 12/11/2014

By Jordan Funderburk The number of residential foreclosure filings in the U.S. declined by 9 percent from October to November despite a yearly spike in the number of foreclosure starts, according to RealtyTrac’s U.S. Foreclosure Market Report for November 2014 released Thursday. Residential foreclosure filings, which include default notices, scheduled auctions, and bank repossessions, totaled more than 112,000 nationwide for …

Read More »

Florida Regains Nation’s Highest Foreclosure Rate in November

By Brian Honea The highest foreclosure rate of any state once again belonged to Florida in November after being displaced by Maryland in October, according to RealtyTrac’s U.S. Foreclosure Market Report for November 2014 released Thursday. The post Florida Regains Nation’s Highest Foreclosure Rate in November appeared first on DSNews. Via:: Florida Regains Nation’s Highest Foreclosure Rate in November       

Read More »