Tuesday , 27 October 2020

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How Many Loans are Still in Forbearance?

The Mortgage Bankers Association (MBS)’s Forbearance and Call Volume Survey reported that the total number of loans now in forbearance decreased to 6.87% from 6.93% the previous week. The MBA estimates 3.4 million homeowners are in forbearance plans. Its Forbearance and Call Volume Survey covers the period from September 14 through September 20 and represents 74% … The post How Many …

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How to Build a Regression Model in 8 Simple Steps

Regression is a mathematical tool used by real estate appraisers to determine the likely value, or adjustment rates, of various property characteristics and ultimately predict sale prices. Rather than relying on human opinion, listings, or previous appraisals, regression analyzes actual sales data to determine adjustment rates, assigning statistical value to characteristics such as GLA square footage, number of garages, acreage, …

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Industry Pulse: Executive Moves and Accolades

Sagent, a fintech company modernizing mortgage and consumer loan servicing for American banks and lenders, last week appointed veteran technology leader Uday Devalla as Chief Technology Officer (CTO). The move accelerates Sagent’s vision to improve loan servicing engagement and consumer experience from the homeowner perspective, the company said, adding that Uday’s appointment is one in … The post Industry Pulse: …

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Sagent Appoints Uday Devalla CTO

Sagent, a fintech company modernizing mortgage and consumer loan servicing for American banks and lenders, last week appointed veteran technology leader Uday Devalla as Chief Technology Officer (CTO). The move accelerates Sagent’s vision to improve loan servicing engagement and consumer experience from the homeowner perspective, the company said. Uday’s appointment is one in a series … The post Sagent Appoints …

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More New Homes Bought With Non-Conventional Financing in 2019; Can Rates Break The Range This Week?

Non-conventional lending enjoyed a substantial increase in its share of the market for financing new home purchases in 2019. The National Association of Home Builders (NAHB) says, while conventional loans continued to dominate those purchases, its share shrunk from 71.4 percent of the market in 2018 to 65.0 percent in 2019 while non-conventional mortgages increased accordingly, from 28.6 percent to …

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Responsibly Addressing Forbearance Costs

“Policymakers Should Maintain Forbearance but Fix Its Costs.” That is the title of a new brief published by the Urban Institute’s Housing Finance Policy Center. Research associates Michael Neal,  Linna Zhu, and Faith Schwartz explain that mortgage performance following Hurricane Katrina suggests that this pandemic (which resembles a natural disaster in ways) will increase delinquencies. … The post Responsibly Addressing …

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Policies That Could Combat the Affordable Housing Crisis

Several housing advocates recommend policies that could make a difference when it comes to the issue of “housing underproduction,” on which the Up For Growth organization published an extensive study. Said investigation showed “nearly every corner of the country bears part of the burden for the national 7.3 million home shortage.” In other words, it … The post Policies That …

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Headed for a ‘Foreclosure Surge’

A panel of real estate experts forecast what they anticipate for the final months of 2020, including a “substantial increase in foreclosures, short sales, and bank-owned properties.” Here’s what else they have to say. The post Headed for a ‘Foreclosure Surge’ appeared first on DSNews.

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