Many Americans are still struggling with mortgage debt, which is the third most-popular form of debt in the nation. Much of this debt stems from borrowing at the wrong time and for the wrong purpose, preventing consumers from achieving financial stability.
Read More »Housing Market Strength is the Key to Robust Economy
Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. Recovery in the housing market is said to be the key to a robust economic in America. Lou Giserman of The Collingwood Group discusses how continuing improvement in the housing market, which has yet to fully recover from the recession, is giving the economy a much-needed boost.
Read More »The Appraisal Foundation Partners With Three Tech Providers to Create Appraiser-Driven Software Programs for Appraisers
The Appraisal Foundation, an organization that sets Congressionally-authorized standards and qualifications for real estate appraisers, and provides voluntary guidance on recognized valuation methods and techniques for all valuation ...
Read More »LRES Hires New Chief Technology Officer
LRES, a national REO and appraisal management company offering property valuations, asset management, HOA and technology solutions for the mortgage industry, announced that the company has hired Mike Rasooli as its Chief Technology Officer (CTO).
Read More »Fannie Mae & Freddie Mac CEOs Salaries Capped at $600,000
Fannie Mae and Freddie Mac CEOs will not be receiving the multi-million dollar pay raises proposed by their conservator, the Federal Housing Finance Agency, earlier this year. The U.S. House of Representatives passed S. 2036 by voice vote on Monday night, placing a cap on the salaries of Fannie Mae and Freddie Mac CEOs right at the original amount of $600,000 per year.
Read More »Democrats on Wall Street: Break Up Big Banks & Reinstall Glass-Steagall
Democratic presidential candidates deliberated recently in their second primary debate, ultimately determining that something must be done about Wall Street banks.
Read More »Delgado Calls Vacant Homes in the U.S. a ‘Community Crisis of a National Proportion’
The Five Star Institute had a strong presence at the 12th Annual National Property Preservation Conference, which began Monday in Washington, D.C. Five Star President and CEO Ed Delgado presented the opening remarks for the event on Monday morning and moderated two panel discussions on Monday, a State of the Industry discussion and a panel focused on Transforming Blighted Communities.
Read More »FHA’s Mutual Mortgage Insurance Fund Surpasses Congress-Required Threshold
The Federal Housing Administration's Mutual Mortgage Insurance Fund gained $19 billion in economic value during Fiscal Year 2015, pushing its capital ratio past the 2 percent threshold required by Congress, according to HUD’s annual report to Congress released Monday morning.
Read More »Mortgage Lending Shifts to Digital Channels
Satisfaction among mortgage customers has improved overall this year as lenders have shifted their focus to developing functional digital channels and improving operational efficiency.
Read More »Stewart Title Announces Strategic Partnership With zipLogix
Stewart Title and zipLogix, a forms software provider and partner to the National Association of REALTORS, announced today that a strategic partnership to offer REALTORS a point of sale for title and escrow services from within zipForm will take place.
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