#lenders using Equifax trended credit data in Fannie Mae’s Desktop Underwriter

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 fined $1.4 million for “abusive debt collection practices” in Massachusetts

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

Wells Fargo heat turned up: Oregon wants big changes, California wants Stumpf to resign

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

This chart proves homeowners are getting better at paying their #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

Consumer sentiment sees uptick in September

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

Will California real estate experience the toughest year yet in 2017?

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

Lack of Existing Home Sales Inventory Impacting Sales [INFOGRAPHIC]

Some Highlights:

* 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