The total balance of seriously delinquent first mortgages–defined as 90 days past due or in foreclosure–was $198.8 billion in November, a decrease of more than 29.8 percent year-over-year and the lowest level in more than five years, according to the latest National Consumer Credit Trends Report issued by Atlanta-based Equifax.
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PRIA Announces Approval of Redaction Best Practices Paper
Morrisville, N.C. – The Board of Directors of the Property Records Industry Association (PRIA) has given final approval to the Redaction Best Practices …
Shiller Voices Concern on Recent Housing Trends
National Mortgage Professional Magazine | December 15, 2014
One of the nation’s most prominent housing economists has expressed skepticism over new the guidelines by Fannie Mae and Freddie Mac to enable three percent downpayments by potential borrowers.
Foreclosure Protection Bill for Servicemembers Passes in Both House, Senate
DS News | December 15, 2014
The U.S. Senate and the House of Representatives have both unanimously voted to pass a bill that give military servicemembers who have recently returned from duty added protection from foreclosure, according to an announcement from Senator Sheldon Whitehouse (D-Rhode Island), who introduced the bill in May.
Lenders Could Make Voluntary ALTA Guidelines a De Facto Standard
National Mortgage News | December 16, 2104
Adherence to the American Land Title Association’s quality guidelines is voluntary, but it may become a de facto standard if lenders start requiring it as part of their own efforts to meet vendor management compliance obligations.
Federal Housing Finance Agency (FHFA) Director Mel Watt has ended the five-year suspension of setting aside and allocating revenue generated by the government-sponsored enterprises (GSEs) for a pair of affordable housing funds. This announcement, which came with no advance warning, set off decidedly different responses on both sides of the political aisle.
County preserving Civil War papers
A closeup of Civil War-era discharge notice for one Alson Weaver, currently stored at the Madison County Recorder’s Office. Madison County …