first_img 2014-04-15 DSNews in Featured, Media, Webcasts The Best Markets For Residential Property Investors 2 days ago Home / Featured / DS News Webcast: Tuesday 4/15/2014 Share Save  Print This Post April 15, 2014 509 Views Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago About Author: DSNews The Week Ahead: Nearing the Forbearance Exit 2 days ago Hope Now released its February 2014 loan modification data, which found that an estimated 42,000 homeowners received permanent modifications in the month, including modifications from proprietary programs and the government’s Home Affordable Modification Program, or HAMP. Modifications decreased by 5 percent from January to February. Approximately 5-point 6 million homeowners have received proprietary loan modifications, while approximately 1.3 million homeowners have utilized HAMP modifications.Delinquencies of 60 days or more were under two million for the second straight month at approximately 1.98 million. Comparatively, there were 4.1 million homeowners in 60 days or more delinquency in December of 2009—more than twice the current number. Short sales decreased in February to 11,000, an 8 percent drop from January’s figure of 12,000. Completed deed-in-lieu transactions were roughly 2,300 in February, down 8 percent from 2,500 transactions in January, according to Hope Now.Citigroup’s earnings outperformed analysts’ expectations for the first quarter, reporting profits of $3.9 billion in the first quarter of this year, just barely edging out last year’s income of $3.8 billion. Gains were more impressive when put next to Q4’s earnings, which disappointed at $2.5 billion. The gain came despite a year-over-year drop in total revenues, which were down 1 percent to $20.1 billion as a result of declines in fixed income markets revenues and lower refinancing activity. Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Subscribe DS News Webcast: Tuesday 4/15/2014 Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago Previous: NY Fed: Consumer Expectations Rise in March Next: Jersey Shore State Bank Honored by Pennsylvania Housing Finance Agency Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

first_img Previous: New Home Sales Inch Upward In October Next: Consumer Confidence Takes Downward Turn in November Tagged with: Delinquency Freddie Mac Mortgage-Backed Securities Volume Summary Delinquency Freddie Mac Mortgage-Backed Securities Volume Summary 2014-11-28 Tory Barringer Subscribe Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Freddie Mac’s Growth Rate Hits 20-Month High Freddie Mac’s Growth Rate Hits 20-Month High Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago According to Freddie Mac’s recently released monthly volume summary, the mortgage giant’s total loan portfolio grew last month at an annualized rate of 2.5 percent, the highest growth rate since March 2013.As of the end of October, the portfolio’s value was estimated at $1.9 trillion, up nearly $4 billion from September.October marked the second straight month of growth for the portfolio, which had contracted for seven of 2014’s first 10 months. Year-to-date, the portfolio has shrunk at an average annualized rate of 0.8 percent.Purchases or issuances at Freddie Mac totaled $28.8 billion for the month, a decrease of 3.1 percent from September but an increase of nearly 29 percent from the same month last year. That decline was offset by a drop in sales and liquidations, which subtract from the portfolio.The aggregate value of Freddie Mac’s portfolio of mortgage-related investments fell $6.1 billion throughout October, putting it at a total balance of $406.8 billion, the company reported. Both purchases and sales were down for the month, while liquidations rose slightly.Freddie Mac’s single-family refinance purchase and guarantee volume came to $11.8 billion in October, accounting for 47 percent of its total single-family mortgage portfolio business. Relief refinances made up 17 percent of refinance volumes based on unpaid principal balance.In other news from the summary: Freddie Mac’s single-family seriously delinquent rate continued to improve, falling 5 basis points to 1.91 percent, the biggest one-month drop since July. The multifamily delinquency rate was steady for a second month at 0.03 percent.Freddie Mac completed 5,125 loan modifications in October, bringing the year-to-date total to 57,263. Servicers Navigate the Post-Pandemic World 2 days ago Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Related Articles Servicers Navigate the Post-Pandemic World 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Sign up for DS News Daily Share Save November 28, 2014 952 Views The Best Markets For Residential Property Investors 2 days ago  Print This Post About Author: Tory Barringer in Daily Dose, Featured, News, Secondary Marketlast_img read more

first_img December 23, 2014 849 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Leading Economic Indicators Grow For Third Consecutive Month Subscribe Home / Daily Dose / Leading Economic Indicators Grow For Third Consecutive Month A popular index gauging leading U.S. economic indicators grew for a third straight month in November, signaling moderate economic growth as the year closes out.The Conference Board’s Leading Economic Index (LEI) increased 0.6 percent in November to 105.5, the group reported. The increase matched October’s improvement and was slightly weaker than September’s 0.8 percent growth.Released monthly, the index gauges the potential for future economic growth based on 10 leading components, including homebuilding permits, weekly initial unemployment claims, and average consumer expectations for business conditions.”The increase in the LEI signals continued moderate growth through the winter season,” said Ken Goldstein, economist at The Conference Board. “The biggest challenge has been, and remains, more income growth. However, with labor market conditions tightening, we are seeing the first signs of wage growth starting to pick up.”The Conference Board’s two other economic indices—measuring current and lagging indicators—also improved last month. The coincident economic index, which includes payrolls and incomes, grew 0.4 percent to 110.7, while the lagging economic index climbed 0.3 percent to 125.4.”The current situation, measured by the coincident economic index, has been improving steadily, with employment and industrial production making the largest contributions in November,” said Ataman Ozyildirim, economist at The Conference Board. Sign up for DS News Daily Share Save Tagged with: Conference Board Housing Permits Leading Economic Index Leading Economic Indicators The Week Ahead: Nearing the Forbearance Exit 2 days ago About Author: Brian Honea Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Demand Propels Home Prices Upward 2 days ago Related Articlescenter_img in Daily Dose, Featured, Market Studies, News Previous: DS News Webcast: Tuesday 12/23/2014 Next: Colorado AG Files Civil Suits Against Two Law Firms For Foreclosure Fraud Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Conference Board Housing Permits Leading Economic Index Leading Economic Indicators 2014-12-23 Brian Honealast_img read more

first_img About Author: Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago A new Web-based course that will provide city leaders with strategies to successfully address foreclosures in their cities will be offered for free to the general public, according to an announcement from National League of Cities (NLC) and Wells Fargo on Wednesday.The course, entitled Understanding Foreclosure: A City Leader’s Guide, was initially launched in 2014 at the Congress of Cities in Austin, Texas. NLC is offering the course as part of its NLC University, which is NLC’s collaborative education and professional development initiative.”The National League of Cities is pleased to offer Understanding Foreclosure: A City Leader’s Guide with Wells Fargo for the first time to the general public, free of charge,” said Clarence E. Anthony, CEO and executive director of NLC. “The tools in this course provide proven strategies to help city leaders across the nation understand and navigate the intricacies of the foreclosure process. Ultimately, a better understanding of this issue will lead to better outcomes for our communities and their residents.”The course is intended to equip city leaders with the best information and resources that will allow them to take a proactive stance on foreclosures should their cities experience another mortgage crisis like the one that hit the nation in 2008.”At Wells Fargo we understand the important role we play in helping our communities succeed,” said Wells Fargo’s Mike Rizer, head of Community Relations. “This course, developed with the National League of Cities, provides information and strategies that will help to improve quality of life in our neighborhoods, and that we hope will ultimately promote long-term economic prosperity.”The course features three self-paced modules that informs participants as to the basics of foreclosures and the devastating impact they have on communities. The course includes a series on mortgage basics, such as who is responsible for the care of vacant and abandoned properties, and building strategies and partnerships to address foreclosures. Each module features specific learning objectives and engagement activities.”This webinar is interactive and easy to follow,” Kansas City, Missouri, Mayor Sly James said. “A better understanding of mortgage processes can improve relations between lenders and residents, help stabilize neighborhoods and improve livability in our city.”  Print This Post Sign up for DS News Daily Home / Daily Dose / Free Web-Based Foreclosure Education Course Offered to General Public Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Demand Propels Home Prices Upward 2 days ago Tagged with: Foreclosures National League of Cities Webinars Wells Fargo Related Articles Foreclosures National League of Cities Webinars Wells Fargo 2015-03-18 Brian Honeacenter_img Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: FHFA Inspector General Cautions Profitability of GSEs Might Not Continue Next: Top 5 Takeaways from 2015 Five Star Government Forum, Washington, D.C. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago March 18, 2015 1,218 Views in Daily Dose, Featured, Foreclosure, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Free Web-Based Foreclosure Education Course Offered to General Public Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Demand Propels Home Prices Upward 2 days agolast_img read more

first_img Winner, Winner: Fannie Mae Announces Top Bidder for Community Impact Pool  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Community Impact Pool Fannie Mae 2016-07-28 Kendall Baer in Daily Dose, Featured, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Corona Asset Management XVIII, LLC, is the winning bidder for Fannie Mae’s fourth Community Impact Pool of non-performing loans, according to an announcement from the company. The company says that the transaction is expected to close on September 21, 2016, and will include 80 loans secured by properties located in the Miami, Florida area with an unpaid principal balance of approximately $18.5 million.Fannie Mae started marketing the Community Impact Pool to potential bidders on June 16 of 2016, working in collaboration with Bank of America Merrill Lynch and CastleOak Securities, L.P.The loan pool awarded in this particular transaction includes 80 loans containing an aggregate unpaid principal balance of $18,467,573 as well as holding an average loan size of $230,845, a weighted average note rate of 4.86 percent, a weighted average delinquency of 38 months, and a weighted average broker’s price opinion loan-to-value ratio of 98 percent.The report stated that the cover bid price for this Community Impact Pool is 62.4 percent of UPB and 60.9 percent of BPO.The Federal Housing Finance Agency announced on April 14, 2016 that it was adding additional enhancements to its requirements for sales of non-performing loans by Fannie Mae and Freddie Mac. These enhancements build upon the requirements originally announced in March 2015.These additional requirements, which apply to this particular Fannie Mae non-performing loan sale, encourage sustainable modifications that have the likelihood of giving more borrowers the opportunity for home retention. This is reported to be achieved by requiring evaluation of underwater borrowers for modifications that may include principal and/or arrearage forgiveness as well as forbidding “walking away” from vacant homes and establishing more specific proprietary loan modification standards.Prospective buyers can find more information on Fannie Mae’s sales of non-performing loans and on the Federal Housing Finance Agency’s guidelines for these sales at http://www.fanniemae.com/portal/funding-the-market/npl/index.html. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Kendall Baer Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago July 28, 2016 1,188 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Winner, Winner: Fannie Mae Announces Top Bidder for Community Impact Pool Kendall Baer is a Baylor University graduate with a degree in news editorial journalism and a minor in marketing. She is fluent in both English and Italian, and studied abroad in Florence, Italy. Apart from her work as a journalist, she has also managed professional associations such as Association of Corporate Counsel, Commercial Real Estate Women, American Immigration Lawyers Association, and Project Management Institute for Association Management Consultants in Houston, Texas. Born and raised in Texas, Baer now works as the online editor for DS News. Sign up for DS News Daily Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Community Impact Pool Fannie Mae Related Articles Previous: Homeownership Rates Continue to Fall as Renter Rates Rise Next: Could The Second Half of 2016 Spell Trouble for Housing? Share Savelast_img read more

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post CFPB Follows Through With Proposal For TRID Updates Home / Daily Dose / CFPB Follows Through With Proposal For TRID Updates Sign up for DS News Daily July 29, 2016 1,319 Views The Best Markets For Residential Property Investors 2 days ago About Author: Brian Honea The Best Markets For Residential Property Investors 2 days ago Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago The Consumer Financial Protection Bureau (CFPB) made good on the promise it made in the spring regarding a proposal to update the Know Before You Owe Mortgage Rule, a.k.a. the TILA-RESPA Integrated Disclosure Rule (TRID).On Friday, the Bureau issued the long-awaited proposal to amend the controversial mortgage rule which went into effect on October 3, 2015. The goal of the proposed rule is to provide more clarity and certainty to help facilitate compliance within the mortgage industry.“Getting a mortgage is one of the most important financial choices a consumer will ever make. The Bureau’s rules are designed to make sure consumers have the information they need, in a form they can easily understand and use, before making the decision,” said CFPB Director Richard Cordray. “Our proposed updates will clarify parts of our mortgage disclosure rule to make for a smoother implementation process.”TRID created new, streamlined forms that consumers receive when applying for and closing on a mortgage. The original TRID rule established requirements as to when the consumer receives the new forms and also limits changes to the original loan estimate. The rule caused no small amount of consternation among mortgage lenders to worked feverishly to be compliant in time for the effective date.“Our proposed updates will clarify parts of our mortgage disclosure rule to make for a smoother implementation process.”Richard Cordray, CFPB DirectorIn late April, Cordray wrote a letter to financial industry trades and their members recognizing the “operational challenges” the industry is experiencing as a result of TRID implementation and said that the Bureau was considering making some “adjustments” in the regulation text to provide greater certainty and clarity.The proposed changes to TRID announced by the CFPB on Friday include:Tolerances for the total of payments—Prior to TRID, the total of payments disclosure was determined using the finance charge as part of the calculation. The total of payments calculation was changed under TRID so that it no longer used the finance charge. Under the amendment proposed Friday, tolerance provisions would be included for the total of payments that parallel existing tolerances for the finance charge and disclosures affected by the finance charge—making the treatment of the total payments disclosure consistent with what it was pre-TRID.Housing assistance lending—TRID originally included a partial exemption from disclosure requirements for housing assistance loans originated by housing finance agencies. The proposed amendment clarifies that recording fees and transfer taxes may be charged in those transactions without losing eligibility for the exemption. The CFPB’s goal is to promote housing assistance lending, since more housing assistance loans would qualify for the partial exemption—thus encouraging more lenders to partner with housing finance agencies.Cooperatives—The proposal extends TRID’s coverage to include all cooperative units, thus simplifying compliance. In a cooperative situation, the buyer becomes a shareholder in a corporation that owns the property, and the buyer is entitled to exclusive use of the housing unit within the property. TRID currently only covers transactions secured by real property; cooperatives are sometimes considered real property and sometimes considered personal property. The proposal would include all cooperatives in the rule, and not just real property.Privacy and sharing of information—Currently, TRID requires lenders to provide consumers with certain mortgage disclosures. The CPPB is proposing additional commentary to clarify how a lender may provide separate disclosure forms to the consumer and the seller.Stakeholders are encouraged to submit written comments on the proposal. Comments are due on October 18, 2016.Click here to view the full proposal from the CFPB. 2016-07-29 Kendall Baer Data Provider Black Knight to Acquire Top of Mind 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Servicers Navigate the Post-Pandemic World 2 days ago Previous: Counsel’s Corner: Options When A Default Becomes Incurable Next: CoreLogic Adds Name to Case-Shiller Home Price Indices in Daily Dose, Featured, Government, News Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Subscribelast_img read more

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Homeownership Rate Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Immigrant Homeownership is Bolstering the Housing Market The decline in the U.S. homeownership rate has been well-documented over the last couple of years; in the second quarter, the rate fell to a 51-year low of 62.9 percent.The homeownership rate is not declining for everyone, however. There is one group that is grabbing an increasingly higher share of the American Dream of homeownership.According to Trulia, the gap is closing between the homeownership rate for immigrants (U.S. residents born outside the country) and the rate for domestic-born residents. The disparity in homeownership rate between immigrants and domestic-born U.S. residents peaked in 2001 at 20.7 percentage points between the two rates but has narrowed considerably since then (15.7 percentage points in 2015).The homeownership rate of domestic-born U.S. residents has basically stayed flat over the last two decades while the rate for immigrants has increased during that same period, according to Trulia. In 1994, the homeownership rate for immigrants was 48.1 percent, compared with 66 percent for U.S.-born residents (a difference of about 17.9 percent). Both rates rose and then peaked during the bubble years, then started to fall; however, by 2015, the homeownership rate for U.S. residents in 2015 was basically the same as it had been in 1994, while the rate for foreign-born immigrants in 2015 (50.5 percent) was 2.3 percentage points higher than it was two decades earlier.Homeownership has long been viewed as a key to economic prosperity and building wealth. The closing disparity between the two and the fact that the homeownership rate is higher for immigrants than it was two decades ago indicates that immigrants are building more wealth and contributing more to the economy, according to Trulia.Immigrants are closing the gap because many of them are staying in the U.S. longer and building up a solid credit history and employment history, Trulia found.  For instance, the homeownership rate among immigrants who have lived in the country for five years or less was much lower than that of immigrants who have lived in the U.S. for 10 or more years in every state.“This is likely due to the fact that immigrants who lived in the U.S. less than five years do not have adequate credit history in the U.S. to obtain a mortgage, which forces them to rent rather than own,” said Mark Uh, data scientist with Trulia. “Thus, those states with a greater proportion of foreign-born having lived in the U.S. for longer durations saw higher rates of homeownership.” The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Share Save Previous: Top 10 States for Foreclosure Next: Wells Fargo: Q3 Earnings Calm in the Midst of the Storm Demand Propels Home Prices Upward 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Related Articles October 13, 2016 1,130 Views center_img Immigrant Homeownership is Bolstering the Housing Market Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post About Author: Brian Honea The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Homeownership Rate 2016-10-13 Kendall Baer Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

first_img Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] December 10, 2017 1,266 Views in Daily Dose, Events, Featured fed chair Federal Open Market Commitee Federal Reserve the week ahead 2017-12-10 David Wharton Share Save About Author: David Wharton The Best Markets For Residential Property Investors 2 days ago Subscribe Home / Daily Dose / The Week Ahead: Fed Chair Press Conference and FOMC Forecasts Related Articles Demand Propels Home Prices Upward 2 days agocenter_img Sign up for DS News Daily The Week Ahead: Fed Chair Press Conference and FOMC Forecasts Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: fed chair Federal Open Market Commitee Federal Reserve the week ahead Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago The Fed will release its quarterly economic projections this Wednesday, as well as holding a press conference with Fed Chair Janet Yellen. At 2 p.m., the Federal Open Market Committee will release its forecast report, covering GDP, the PCE price index, the unemployment rate, and forecasts of the next change in the Fed funds rate and the expected rate at the end of the next two years. The FOMC forecasts are compiled based on individual outlooks from each Fed governor and District president.At 2:30 p.m., the Fed Chair’s press conference will address these forecasts and other aspects of Fed policy.This conference will be noteworthy, as it will be Yellen’s last time to deliver these quarterly forecasts. Jerome Powell, President Trump’s nominee to succeed Yellen as Fed Chair, was confirmed by the Senate Banking Committee last week. Assuming his nomination is approved by a full Senate vote, he’ll be the one behind the podium to discuss the next FOMC forecasts in March 2018.Other events in the week ahead:Labor Department Job Openings and Labor Turnover Survey, MondayBright MLS November Housing Market Updates, Monday 10 a.m. ESTNFIB Small Business Optimism Index, Tuesday, 6 a.m. ESTTreasury Budget, Tuesday, 2 p.m. ESTMBA Mortgage Applications, Wednesday, 7 a.m. ESTFed Balance Sheet, Thursday, 4:30 p.m. EST Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: How Tax Reform Will Affect American Companies Next: Roostify to Integrate with Black Knight’s Origination System  Print This Postlast_img read more

first_img The Best Markets For Residential Property Investors 2 days ago  Print This Post The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / Government & Mortgage Servicing’s Best & Brightest Convening in D.C. Demand Propels Home Prices Upward 2 days ago 2019 Five Star Government Forum Five Star Government Forum FSGF 2019-04-03 David Wharton Subscribe Demand Propels Home Prices Upward 2 days ago Previous: Varma Penmatsa Talks Fannie Mae and Fintech Next: Rural America’s Affordable Housing Problem Sign up for DS News Daily About Author: David Wharton Share Save Ed Delgado and Dr. Benjamin S. Carson on stage at last year’s Five Star Government Forum.On Tuesday, April 23, leaders from numerous government agencies and the mortgage servicing industry will convene at the historic Newseum in Washington, D.C., for the 10th annual Five Star Government Forum (FSGF). This annual gathering is designed to bring together officials making critical decisions on the direction of the housing economy with representatives of the mortgage industry in order to ensure that sensible regulations are in place to protect the industry and the customers that it serves.This year’s Five Star Government Forum will include some of the foremost thought leaders of the industry, as well as representatives from government agencies who are shaping the future of homeownership in this country. Speakers will include:Dr. Benjamin S. Carson, Secretary, U.S. Department of Housing and Urban Development (HUD)The Hon. Brian D. Montgomery, Acting Deputy Secretary and Assistant Secretary for Housing-Federal Housing Commissioner, HUDDanielle Johnson-Kutch, Director, Office of Financial Stability, U.S. Department of the TreasuryMark McArdle, Assistant Director, Mortgage Markets, Consumer Financial Protection BureauMark Palim, VP and Deputy Chief Economist, Fannie MaeLeslie Meaux Pordzik, Acting SVP, Office of Issuer and Portfolio Management, Ginnie MaeSandra Thompson, Deputy Director, Division of Housing Mission and Goals, Federal Housing Finance Agency“The Five Star Government Forum is an important platform for government officials and industry stakeholders to engage in open communication to foster a collaborative working relationship to ensure progress towards a stronger, sustainable housing market,” said Ed Delgado, President and CEO of Five Star Global. “We look forward to hosting Secretary Carson and many other industry leaders at this year’s gathering.”Carson is scheduled to deliver the morning keynote, with Montgomery delivering a keynote later in the afternoon. This year’s agenda features planned discussions surrounding common-sense policy reforms, the state of the industry, policy and regulation updates, risk mitigation, and more.”The Five Star Government Forum represents a rare—and invaluable—opportunity for government and industry leaders to share ideas and insights,” said Marcel Bryar, Founder, Housing Gears, LLC. “We all benefit from the Forum, and the best practices shared there improve policy and compliance.””The Five Star team has put together an all-star lineup for the 10th annual Five Star Government Forum,” said Jodi Gaines, Vice Chair, CRFS. “Simply put, the decision makers and those that can influence impactful change will be in attendance. This forum is too good to miss.”Tim Rood, Chairman of the Collingwood Group, told DS News, “Access to adequate and affordable housing is a bipartisan issue that has reached critical mass. The issue spans socioeconomic and geographic boundaries which can no longer be ignored. The FSGF provides influencers and stakeholders in the developing affordability crisis the forum and opportunity to explore practical solutions for policy makers to consider.”“We value the Forum because it advances the conversation about housing,” said Michael Waldron, Chief Compliance Officer, Bayview Loan Servicing. “It brings together thought leaders on policy, operations, and compliance to share experiences and insight that result in actionable takeaways that add to the evolution of our industry and the manner in which we serve consumers.”Other featured FSGF speakers will include representatives from Altisource; the American Enterprise Institute; Bayview Loan Servicing; the Collingwood Group; CRFS; Experian Consumer Information Services; FICO; Finicity; FinRegLab; Housing Gears, LLC; the Milken Institute; the National Association of Realtors; Treliant, LLC; Trott Law, PC; and the Urban Institute.To register for this year’s Five Star Government Forum, click the banner below. To book a reservation at the Hay-Adams Hotel, the official hotel of FSGF, click here.Editor’s note: The Collingwood Group is a client of the Five Star Institute, the parent company of DS News.center_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Government & Mortgage Servicing’s Best & Brightest Convening in D.C. Tagged with: 2019 Five Star Government Forum Five Star Government Forum FSGF April 3, 2019 3,125 Views Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Government, Journal, News, Servicing David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. 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first_img Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Demand Propels Home Prices Upward 2 days ago Affordability California Sales 2019-05-20 Seth Welborn California is facing a housing shortage, an issue lawmakers are seeking to resolve, but the California state senate has blocked Sen. Scott Wiener’s housing bill, putting it on hold until 2020, the San Francisco Chronicle reports.“It doesn’t mean we’re not going to focus on solving the housing crisis,” said Sen. Anthony Portantino, noting that his committee voted to shelve Wiener’s bill, SB50, until next year. “It just means that this isn’t the right fix at this time to do that.”“One of the challenges that SB50 had was that it wasn’t nuanced enough for jurisdictions that are already doing the right thing,” said Marina Wiant, VP of Government Affairs for the California Housing Consortium, which promotes affordable housing development. “So much energy has been focused on SB50. Time will tell where the energy will then shift.”Other proposals, including SB330 by Sen. Nancy Skinner, overlap with aspects of SB50.  SB330 would prohibit cities with high rents and low vacancy rates from placing restrictions on housing construction for the next five years, and bar those cities from capping the number of units that can receive permits, adopting new parking requirements and changing zoning laws to require less dense housing. Many of these bills are likely to face the same problems as SB50, including opposition from local governments worried about losing control over how their communities grow. Some advocates have stated that with SB50 out of the picture, landlords and builders will have less incentive to strike a deal on preserving low-cost housing and protecting people who live there. Wiener’s SB50 is unlikely to return to session as tate Senate President Pro Tempore announced that she will “not circumvent the decision” made by Portantino and his Senate Appropriations Committee to delay the bill until 2020. “Regardless of my own personal feelings about this critical issue, part of my job as the leader of the Senate is to uphold the authority and decisions of committee chairs,” Atkins said in a statement. “Short of significantly amending the bill and limiting its applications in large swaths of the state, there was no path to move forward this year.” About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Home / Daily Dose / California Affordable Housing Bill Stalls—What Now? California Affordable Housing Bill Stalls—What Now? Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. in Daily Dose, Featured, Government, Market Studies, News May 20, 2019 1,206 Views center_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Affordability California Sales Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Previous: How the Economy Is Impacting Housing Next: Harvey’s Aftermath: Lawmakers Push for Hurricane Relief for Homeownerslast_img read more