Foreclosure Sales Were Down a Solid 36 Percent YOY in 3Q

Foreclosure Sales Were Down a Solid 36 Percent YOY in 3Q
Mortgage News Ticker, 2014-11-20 12:43

About 468,000 homeowners received non-foreclosure solutions from mortgage servicers in July, August and September, according to the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors known as Hope Now.

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Report: Bank, Government Unlikely to Reach Settlement Over Mortgage Fraud Claims

Report: Bank, Government Unlikely to Reach Settlement Over Mortgage Fraud Claims
Mortgage News Ticker, 2014-11-20 12:59

Settlement talks between Wells Fargo and the U.S. government over alleged mortgage insurance fraud have stalled, according to a media report.

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Robo-signer redux: first the house, now the money

OC Housing News (blog)
Robo-signer redux: first the house, now the money

This fabrication of paperwork infuriated judges who didn’t want to see the public record inundated with forged documents.

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Fixed Mortgage Rates Fall for the Second Week in a Row

Fixed Mortgage Rates Fall for the Second Week in a Row
The Washington Post | November 20, 2014
The 30-year fixed-rate average dropped to 3.99 percent with an average 0.5 point, falling below 4 percent for the first time in three weeks. It was 4.01 percent a week ago and 4.22 percent a year ago.

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U.S. Housing Regulator to Unveil Mortgage Fees Framework in 2015

U.S. Housing Regulator to Unveil Mortgage Fees Framework in 2015
Reuters | October 19, 2014
The Federal Housing Finance Agency suspended plans to raise so-called G-fees in January because the agency’s new director said more study was required.

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Congress Called Upon to Extend Mortgage Forgiveness Debt Relief Act

Congress Called Upon to Extend Mortgage Forgiveness Debt Relief Act
National Mortgage Professional Magazine | November 21, 2014
The American Land Title Association along with several other financial trade associations sent a joint letter to congressional leadership today calling for lawmakers to grant a two-year extension of the Mortgage Forgiveness Debt Relief Act, which prevents distressed homeowners from facing exorbitant income tax bills on the forgiven portion of their home loans.

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Discover Survey: Technology Great Tool for Advancing Homeownership

Discover Survey: Technology Great Tool for Advancing Homeownership

Consumers use technology to do just about everything, including looking for and buying a home. A recent independent poll commissioned by Discover Home Loans shows that 89 percent of homebuyers use some form of online technology to help them with the homebuying process. In fact, 76 percent of buyers feel technology made them a smarter homebuyer and 69 percent said it made them more confident.

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