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The third quarter recorded the smallest quarter-to-quarter decline in negative equity since 2010, according to new data from CoreLogic
Mild Negative Equity Decline During Q3
The third quarter recorded the smallest quarter-to-quarter decline in negative equity since 2010, according to new data from CoreLogic.   The average homeowner gained $12,400 in home equity in the 12-month period between the third quarter... Read more
When it comes to buying and selling real estate owned (REO) properties, Huntsville, Ala., leads the nation for flipping this particular property, according to data from the online real estate marketing platform Hubzu
Home-Flipping Activity Sinks in Q3
Home flipping activity hit a 3.5-year low during the third quarter, according to new statistics from ATTOM Data Solutions.   During the third quarter, a total of 45,901 single-family homes and condos were flipped, down 12 percent from a... Read more
The U.S. Senate voted 50-49 along party lines to confirm Kathy Kraninger as the next Director of the Consumer Financial Protection Bureau (CFPB)
Senate Confirms Kraninger to Run CFPB
The U.S. Senate voted 50-49 along party lines to confirm Kathy Kraninger as the next Director of the Consumer Financial Protection Bureau (CFPB).   Kraninger, who is Associate Director of the Office of Management and Budget (OMB) was... Read more
The average amount on all closed loan mortgages acquired by Millennial borrowers in October was $189,686 in October, according to new data from Ellie Mae
Average Mortgage Amount for Millennials Higher From Last Year
The average amount on all closed loan mortgages acquired by Millennial borrowers in October was $189,686 in October, according to new data from Ellie Mae. The loan average is down from the $192,005 level set in September, but it is higher... Read more
A global network of digital miscreants has reportedly created a list of 50,000 executives at banks and mortgage companies to target for online scams
New Phishing Scam Targets Banks and Mortgage Lenders
A global network of digital miscreants has reportedly created a list of 50,000 executives at banks and mortgage companies to target for online scams.   According to a report in ZDNet, the list was discovered by the cybersecurity company... Read more
Fannie Mae and Freddie Mac sold 7,140 Non-Performing Loans (NPLs) during the first half of this year
GSE NPL Sales Plummet
Fannie Mae and Freddie Mac sold 7,140 Non-Performing Loans (NPLs) during the first half of this year, according to new data from the Federal Housing Finance Agency (FHFA). This down from a total of 18,419 NPLs sold in the first half of... Read more
The California Department of Insurance announced that it has seized the assets and legal control of Merced Property & Casualty Company
California Takes Over Failed Insurer
The California Department of Insurance announced that it has seized the assets and legal control of Merced Property & Casualty Company, an insurance that company that shut down after being overwhelmed with claims stemming from... Read more
There was more interest in obtaining home loans, according to new data from the Mortgage Bankers Association (MBA) for the week ending Nov. 30
Mortgage Applications Up Two Percent
There was more interest in obtaining home loans, according to new data from the Mortgage Bankers Association (MBA) for the week ending Nov. 30.   The Market Composite Index was up by two percent on a seasonally adjusted basis from one week... Read more
When it comes to moving out of state, most people are heading to the Sunshine State and are eager to move away from the Last Frontier
The State Attracting the Most Inbound Migration Is …
When it comes to moving out of state, most people are heading to the Sunshine State and are eager to move away from the Last Frontier.   According to a new survey by LendingTree, Florida led the country with 12.4 percent of purchase... Read more
The newly branded “Bureau of Consumer Financial Protection,” formerly known as the “Consumer Financial Protection Bureau,” has announced a settlement with Wells Fargo Bank
CFPB Name Change Could Cost Businesses $300M
The effort by Mick Mulvaney to change the name of the Consumer Financial Protection Bureau (CFPB) to the Bureau of Consumer Financial Protection (BCFP) could cost the businesses regulated by the agency more than $300 million, according... Read more