Report: GSEs Prevented 80,000 Foreclosures in Q2

Report: GSEs Prevented 80,000 Foreclosures in Q2
DS News | September 26, 2014
Fannie Mae and Freddie Mac prevented nearly 80,000 foreclosures nationwide in the second quarter, raising the total number of foreclosures prevented since the start of the conservatorship in September 2008 to 3.3 million, the Federal Housing Finance Agency (FHFA) indicated in its report on foreclosure prevention for Q2 2014 released on September 24.

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Mortgage Performance Up, Foreclosures Down

OCC: Mortgage Performance Up, Foreclosures Down
DS News | September 24, 2014
The Office of the Comptroller of the Currency (OCC) reported that 92.9 percent of mortgages nationwide were performing as of the end of June, according to the OCC Mortgage Metrics Report, Second Quarter 2014.

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Mortgage Rates Ease Following Previous Week’s Spike

Mortgage Rates Ease Following Previous Week’s Spike
The Washington Post | September 25, 2014
According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average dropped to 4.2 percent with an average 0.5 point. It was 4.23 percent a week ago and 4.32 percent a year ago.

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Why the Next Pick for U.S. Attorney General has Huge Implications for the Housing Industry

Why the Next Pick for U.S. Attorney General has Huge Implications for the Housing Industry
The Washington Post | September 25, 2014
Former White House official says Justice Department’s enforcement actions are the main reason mortgage lenders refuse to lend to certain borrowers.

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Florida-based Title Agent Implements Simplifile e-Recording Solution

Florida-based Title Agent Implements Simplifile e-Recording Solution
First International Title’s CEO Jim Moran has been an advocate for making real estate closings easier and more efficient. That’s why he pushed for his company to offers e-recording through Simplifile in all of its 25 branch offices in Florida. The fourth pillar of ALTA’s “Title Insurance and Settlement Company Best Practices” addresses recording procedures to ensure compliance with the settlement process. Implementing a tracking mechanism is helpful in providing a record of what documents were sent, when they were sent and method of delivery. The use of e-recording can aid in the implementation and documentation of procedures.

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Online access to county records now available (WV)

Online access to county records now available

“The state portal is implemented at no cost to the county clerk’s office,” Williams added. “Now, land records (i.e. deeds, liens, maps, etc.) index and …

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Police: Beware of rental property scams (WI)

Police: Beware of rental property scams

People looking for rental properties are being warned about a scam reported in the Green Bay area.

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