Daily Dose

The number of homeless children in the U.S. public school system has doubled since before the recession, reaching a record total of 1.36 million in the 2013-2014 school year.

The number of overvalued housing markets in the second quarter of 2015 doubled from the first quarter to reach 14, according to CoreLogic’s Market Condition Indicators.

Ocwen Loan Servicing, LLC recently received an upgrade in their rating outlook from stable to positive due to stronger risk management framework and management oversight, according to a Servicer Report from Fitch Ratings.

The Federal Housing Administration and Fannie Mae recently launched programs that are designed to open credit to borrowers who would not be able to obtain a mortgage loan under normal circumstances.

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. Lenders in today's market often face compliance challenges that bring the Consumer Financial Protection Bureau to their door with a huge fine. Mary Beth Doyle, founder of LoyaltyExpress examines these compliance issues and advises lenders on an effective way to avoid regulatory repercussions.

The private-label residential mortgage-backed securities market has remained stagnant since the financial crisis, even though securitization in many asset classes has resumed.

The Federal Housing Administration (FHA) is preparing to tighten their loan requirements, which will make obtaining an FHA loan more difficult.

There is a housing shift occurring in the investment market. During the housing crash, big investors stocked up on thousands of foreclosed properties for single family rentals with intentions of selling them when home prices recovered. But they didn’t.

Financial holding company Evans Bancorp, Inc., recently announced a settlement agreement has been reached with the New York State Attorney General for alleged discriminatory mortgage practices.

In the midst of last week’s mixed job’s report and the upcoming Federal Open Market Committee meeting next week, mortgage rates remained largely unchanged for the week ending September 10, 2015.