Settlement

The Federal Housing Finance Agency (FHFA) has reported that 13,220 borrowers refinanced their mortgages through the Home Affordable Refinance Program (HARP) during the fourth quarter of 2016
The Federal Housing Finance Agency (FHFA) has reported that 13,220 borrowers refinanced their mortgages through the Home Affordable Refinance Program (HARP) during the fourth quarter of 2016, while the number of total refinances in the final three months of last year was 750,769.   Furthermore, 27... Keep Reading....
​Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation
Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation, mourns the loss of William H. Lacy, retired chairman and chief executive officer who passed away on Aug. 28 of respiratory failure. On behalf of MGIC, non-executive chairman Curt Culver said: "... more
Hubzu has launched new features to help traditional homebuyers purchase bank-owned homes as their next residence
Hubzu has launched new features to help traditional homebuyers purchase bank-owned homes as their next residence. Hubzu users can now see upcoming listings pre-auction. In addition, Hubzu users can now place bids on homes that are contingent on obtaining HUD’s 203(k) rehabilitation financing which... more
More than 100,000 permanent loan modifications were completed during the second quarter
More than 100,000 permanent loan modifications were completed during the second quarter, according to new data released by HOPE NOW, a 16 percent increase from the previous quarter. From that total, roughly 69,000 proprietary loan modifications were transacted while approximately 31,000 homeowners... more
It is a good day for the servicing side of the mortgage industry, as new data affirms decreasing levels of negative equity and loan delinquency
It is a good day for the servicing side of the mortgage industry, as new data affirms decreasing levels of negative equity and loan delinquency. Approximately 6.7 million residences, or 11.9 percent of all mortgages properties, had negative equity in the second quarter, according to new data... more