Fifth Third Bancorp has agreed to pay nearly $85 million to resolve civil fraud claims regarding approximately 1,400 loans originated by the bank that were insured by the FHA.
Read More »Investment Opportunities Open in Promising Real Estate Markets
Emerging real estates markets offer investors promising returns on increasing home prices, as foreclosure housing opportunities are nearly non-existent.
Read More »Interest Rate Increase May Be Delayed for Stronger Job Data
In light of the recent, lower-than-expected jobs report for September, the Federal Reserve may hold off on raising interest rates until stronger labor market data comes forth.
Read More »Real Estate Market Moves From Seller’s to Buyer’s Favor
As the season changes, prices soften, and homes remain on the market longer, the real estate market transitioned a seller's market to a buyer's market in September.
Read More »Stock Market Vulnerability Expected to Weaken Global Growth
Following recent volatile stock market reports, the Global Economic Outlook from Fitch Ratings forecasts that the global economy will grow by 2.3 percent in 2015, the weakest growth recorded since the global financial crisis in 2009.
Read More »The First TRID Transaction: Five Questions Lenders Should Ask Settlement Providers
Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. It’s finally here. After nearly two full years of intense discussion and preparation, the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Mortgage Disclosures rule has taken the mortgage industry by storm. Nancy Tarr, VP of national escrow operations at First American Title Insurance Corp., provides a checklist of questions that lenders should ask settlement providers while navigating this new process.
Read More »HUD’s OIG Audit Finds loanDepot Originated Ineligible Loans
The Office of the Inspector General of HUD found that loanDepot, LLC, originated loans using ineligible downpayment assistance gifts out of HUD Federal H0using Administration requirements, according to a recent audit.
Read More »HUD Awards Housing Groups $38 Million to Battle Housing Discrimination
HUD will award $38,366,909 million to over 100 housing groups across the nation to fight housing discrimination under their Fair Housing Initiatives Program.
Read More »Millennials No Longer the ‘Renter’ Generation
Although millennials have been labeled “the generation of renters,” research shows that this group is more interested in purchasing a home than other generations, but the problem is, they lack financial stability.
Read More »Existing Home Sales to Pick Up in September; Market Shifts to Buyer’s Favor
Existing home sales had a less than promising performance in August, but Auction.com's Real Estate Nowcast projects that they will pick back up in September. Realtor.com also predicts that lower prices and less competition will shift the housing market from seller's favor to buyer's.
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