Mortage News

California and Texas leads the nation with the greatest threat to residential property damage due to wildfire damage, according to new data from CoreLogic
More Than 172,000 California Homes Face Wildfire Risk
A total of 172,117 homes with a combined reconstruction cost value (RCV) of more than $65 billion are at some level of risk from the wildfires sweeping across California’s Napa and Santa Rosa metropolitan areas, according to new data from... Read more
The Trump Administration has been in power for eight months, but half of the Treasury Department’s highest-ranking appointments remain vacant
Top Ranking Democrat Urges Treasury to Bar Equifax from Government Contracts
The ranking member of the Senate Banking Committee is asking the Trump Administration to prohibit Equifax from receiving any federal government contracts.   According to a Washington Examiner report, Sen. Sherrod Brown (D-OH) wrote to the... Read more
Aliens
Arizona Property with Alleged UFO Portals is Listed for $5M
An Arizona residence that has gained notoriety for allegedly housing two portals that extra-terrestrials use for visiting Earth is now on the market for $5 million.   According to a Realtor.com report, the 10-acre Stardust Ranch in... Read more
A stain of pessimism is polluting how some homeowners perceive the housing market and their homebuying decisions, according to a new poll commissioned by Trulia
Delinquency Rates Continue To Drop
The national rate for serious delinquency on home loans continued to decline dramatically, according to new data from CoreLogic.   In an analysis of housing statistics from July, CoreLogic determined that 4.6 percent of mortgages were in... Read more
Homeowners who are 62-years-old and higher saw their home equity increase by a combined 2.4 percent to $6.42 trillion in the second quarter from $6.27 trillion in the first quarter, according to new data from the National Reverse Mortgage Lenders Associat
Mortgage Credit Availability Up Again
Mortgage credit availability was up in September, according to data from the Mortgage Bankers Association (MBA).   The trade group’s Mortgage Credit Availability Index (MCAI) rose by 0.7 percent to 181.4 in September. All four component... Read more
Opus Capital Markets Consultants LLC, a wholly-owned subsidiary of Wipro Ltd., has announced the addition of Bruce Legan
CIT Group to Quit Reverse Mortgage Space
CIT Group Inc. is exiting the reverse mortgage market by selling its Financial Freedom unit and reverse mortgage portfolio to an undisclosed buyer.   Financial Freedom became part of CIT Group when the latter acquired OneWest Bank in... Read more
The American Land Title Association (ALTA) has debuted the ALTA Registry
ALTA Launches Online Database for Title Insurance Agents
The American Land Title Association (ALTA) has debuted the ALTA Registry, national online resource that will allow title insurance agents and settlement companies to communicate with underwriters to confirm their company name and contact... Read more
The Fannie Mae Home Purchase Sentiment Index (HPSI) reached an all-time high last month when it increased by 5.6 percentage points from January to an 88.3 level
Fannie Mae Finds Homeowner Sentiment at Peak Level
The Fannie Mae Home Purchase Sentiment Index (HPSI) inched up by 0.3 points in September to 88.3, matching its peak set in June.   "The biggest driver for the increase in the HPSI is the rebound in the good time to buy sentiment, which... Read more
Dog and cat
New Data Details Best Housing Markets for Dog- and Cat-Lovers
When it comes to having a favorite pet, the divide between dog lovers and cat lovers stretches deep into the housing market.   At least 54 million American households have at least one dog and 43 million households that have at least one... Read more
Rudy Zabran
Rudy Zabran Named COO at Consolidated Analytics
Consolidated Analytics, an appraisal management company, valuation services provider and advisory firm based in Irvine, Calif., has named of Rudy Zabran as chief operating officer (COO).   Zabran is a 17-year mortgage industry veteran and... Read more