By Jordan Funderburk A shift in market share from large banks to nonbanks accounted for a slight increase in the National Mortgage Risk Index for February as well as series-high levels for the risk indices for Fannie Mae/Freddie Mac, FHA, and VA loans within the composite index, according to data released Wednesday by AEI’s International Center on Housing … The …

By Brian Honea Troy, Michigan-based law firm Fabrizio & Brook has announced the hiring of a new attorney, Paul Poles, and the appointment of Managing Shareholder Jonathan Engman to sit as a case evaluator in Oakland County, Michigan. The post Fabrizio & Brook Announces New Hire; Managing Shareholder Appointed as Case Evaluator appeared first on DSNews. Via:: Fabrizio & Brook …

By Brian Honea In the real earnings report for February 2015, the BLS reported that real average hourly earnings – hourly earnings adjusted for inflation – increased by 22 cents year-over-year from $10.32 to $10.54 year-over-year, an increase of 2.1 percent, despite a drop by one cent from January’s average of $10.55. The post Latest Real Wage Growth Could Spell …

By Brian Honea Just as it reported for December’s national index, Freddie Mac reported that January’s national MiMi value of 74.6 indicated a weak housing market and even declined slightly (0.20 percent) month-over-month despite a year-over-year increase of 3.39 percent The post Cold Winter, Soft Economic Growth Cause Housing Market to Stumble appeared first on DSNews. Via:: Cold Winter, Soft …

By Brian Honea Fannie Mae and Freddie Mac required a combined taxpayer bailout of $188 billion in 2008 after the government seized control of them. The two GSEs returned to profitability in 2012. The future of the two GSEs has been a hotly contested topic in Washington as well as in the rest of the housing industry. Both parties appear …

By Brian Honea The across-the-board increases in default risk can be attributed to the risk associated with nonbank lending, which is substantially higher than that of big bank loans, according to AEI. The composite NRMI was reported to be 11.93 percent in February, a slight increase of 0.1 percentage points from the prior three-month average and a jump of 0.8 …

By Brian Honea A status conference for a lawsuit filed by Wall Street investment firm Fairholme Funds against the government over the sweeping of GSE profits into the U.S. Department of Treasury is scheduled for Tuesday, March 31, according to a spokesperson in the chambers of U.S. Court of Federal Claims Judge Margaret Sweeney. The post Status Conference for Investors’ …

By Jordan Funderburk Ocwen Financial Corporation and Nationstar Mortgage Holdings have agreed in principle to the sale by Ocwen of the mortgage servicing rights on an Agency portfolio with approximately $25 billion in unpaid principal balance, according to an announcement on Ocwen’s website on Tuesday. There are approximately 142,000d residential mortgage loans owned by Fannie Mae and Freddie … The …