Courtesy of CoreLogic, this article contains most everything you wanted to know about U.S. residential property foreclosures! The report was created by, and is posted with, the permission of CoreLogic, a data and analytics company. The January 2016 National Foreclosure Report shows the foreclosure inventory declined by 21.7 percent and completed foreclosures declined by 16.2 percent compared with January […]
For anyone who is in the market to buy a home or soon will be, finding the right property is typically only half of the battle! The other half, unless one is paying cash, is applying for a mortgage and then fighting the battle to ultimately be approved. In the pre-financial crisis world qualifying for a […]
Residential mortgage-backed securities (RMBS) stuffed with sub-prime “liar loans’ were at ground zero of the 2008 financial crisis and, guess what… They’re Ba-ack! Not stated loans per se but in a new program from Fannie Mae called HomeReady Mortgages, 97%-plus Loan-to-Value loans become possible ‘based not on the borrowers income (which is too low) but on “non-borrowers” […]
On October 3, 2015, sweeping changes in the way that a residential mortgage loan is processed and closed will go into effect! TRID, or TILA-RESPA Integrated Disclosure, was originally due to be implemented August 1, 2015 but that was ultimately extended to October 3. The reason for the extension provided at the time was a missed […]
For those who may not have heard, yesterday afternoon the Fed announced that it will leave its key interest rate at 0%! This move came as a surprise to some and as no surprise to others. I count myself as being in the ‘not surprised’ camp as I expressed in an article from about one […]
The Federal Housing Administration (FHA) is tweaking its single-family Neighborhood Watch System! In what appears to this untrained eye to be a move back towards some of the excesses that brought the financial crisis on in the first place, FHA is adjusting its Neighborhood Watch System in an attempt to spark more mortgage lending to borrowers with lower […]
2015 New York Law Journal Reader Rankings! Casting Your Vote: Click Here For Details It is with great pride and pleasure that I have the opportunity to announce that Hallmark Abstract Service has been nominated in the category Best Title Agency in the 2015 New York Law Journal Reader Rankings! Having been nominated now for the 3rd […]
For a buyer or refinancer of commercial and residential real estate title insurance will typically, at some point in the transaction, become a focal point for their attorney and potentially for them as well if a problem crops up that needs to be resolved! But that said, for many the only concept that they will have […]
For anyone who’s involved in an industry sensitive to the level of interest rates, any move up in yields can spell a major problem for business! Of course the mortgage industry comes immediately to mind and, by extension, real estate and by even further extension title insurance, etc. But what about peoples retirement funds, college […]
But is what’s good for the consumer necessarily an easy thing for the mortgage industry to actually implement? While the new mortgage disclosures will be easier for consumers to read and understand compared to the jargon of today, for the many players in the mortgage industry that come together to make-up a successfully closed loan, […]
