Equifax has offered trended credit data to customers across a range of industries for years, and is excited that #lenders submitting loans to Fannie Mae can now use its trended data as part of the underwriting process. http://www.housingwire.com/articles/38156-lenders-using-equifax-trended-credit-data-in-fannie-maes-desktop-underwriter ❤️ #share #mortgage
Ditech Financial will pay $1.4 million to the state of Massachusetts to settle charges that the company engaged in “abusive debt collection practices” by excessively calling borrowers to collect payment as well as not property notifying some borrowers of their #mortgage information, the state’s attorney general announced recently. http://www.housingwire.com/articles/38188-ditech-financial-fined-14-million-for-abusive-debt-collection-practices-in-massachusetts ❤️ #share #mortgage
Realtors don’t need to struggle with searching tax records with a new introduction to the industry. As RPR integrates with zipForm, Realtors’ jobs just got easier. http://www.housingwire.com/articles/38187-attention-realtors-zipform-just-got-easier ❤️ #share #mortgage
The hot seat Wells Fargo CEO John Stumpf currently resides on is nowhere close to cooling off, especially in the wake of Stumpf’s rough appearance Thursday before the House Financial Services Committee to discuss the bank’s fake account scandal. Now, two separate states are calling for significant changes at Wells Fargo, with one calling for Stumpf’s resignation. http://www.housingwire.com/articles/38185-wells-fargo-heat-turned-up-oregon-wants-big-changes-california-wants-stumpf-to-resign ❤️ #share #mortgage
A new report from Capital Economics raises a case against Airbnb: vacancies. While foreclosures decreased since 2010, the same can’t be said for vacancies that are off the market. It seems that Airbnb may have a hand in that, here’s why. http://www.housingwire.com/articles/38184-a-case-of-vacant-homes-versus-airbnb ❤️ #share #mortgage
Borrowers continued to get better at paying their #mortgages as they move further into the year, with more people reported to be paying their #mortgage on time than last year. While the overall performance of #mortgages in this report remained relatively unchanged from the previous quarter, here’s how it changed since last year. http://www.housingwire.com/articles/38183-this-chart-proves-homeowners-are-getting-better-at-paying-their-mortgage ❤️ #share #mortgage
Consumers sentiment increased in September after preliminary results showed it to be flat from August. Most of the increase was centered on one part of the survey. Survey of Consumers’ chief economist explains the reason for the increase. http://www.housingwire.com/articles/38181-consumer-sentiment-sees-uptick-in-september ❤️ #share #mortgage
The trials that plagued the California housing market in 2016 aren’t expected to get too much better in 2017. The California Association of Realtors’ forecast for 2017 is out and some parts of it look very familiar. Once again, the real estate market is projected to face a major supply shortages and affordability constraints. http://www.housingwire.com/articles/38180-will-california-real-estate-experience-the-toughest-year-yet-in-2017 ❤️ #share #mortgage
CoreLogic’s latest report shows that REOs hit their lowest point since September 2007. In fact, all distressed sales continue to decline. At this rate, distressed sales are on course to hit pre-crisis levels by mid-2019. http://www.housingwire.com/articles/38179-corelogic-reos-hit-lowest-point-since-2007 ❤️ #share #mortgage
* Existing home inventory is down 10.1% from last year.
* A lack of inventory explains the modest increase in home sales (0.8% year-over-year) despite strong buyer demand.
* Existing home prices increased 5.1% year-over-year, which is directly related to the lack of inventory. http://www.simplifyingthemarket.com/en/2016/09/30/lack-of-existing-home-sales-inventory-impacting-sales-infographic/?a=242769-4eb2112ad1caac540e99a63dd199d5ed ❤️ #share #mortgage