Tuesday, 29 September, 2020

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Author: RealEstateNews


Sagent, a fintech company modernizing mortgage and consumer loan servicing for American banks and lenders, last week appointed veteran technology leader Uday Devalla as Chief Technology Officer (CTO). The move accelerates Sagent’s vision to improve loan servicing engagement and consumer experience from the homeowner perspective, the company said. Uday’s appointment is one in a series of executive hires by CEO Read more…


Continuing a tradition of support for military families, the Veterans Financial Services Advisory Council (VFSAC) is hosting an online charity auction through October 5. With items on the block ranging from school supplies to signed Joan Jett records and even a Walt Disney World Day pack, proceeds from the auction will benefit military veterans and their families. To participate and Read more…


The first debate between Joe Biden and Donald Trump will be moderated by Fox News‘ Chris Wallace and is scheduled to take place on Tuesday, September 29, at Case Western Reserve University and Cleveland Clinic in Cleveland. Wallace has announced that the Tuesday debate will cover the following topics: “The Trump and Biden Records,” “The Supreme Court,” “Covid-19,” “The Economy,” Read more…


Following HUD’s announcement of the Department’s final rule on the disparate impact standard under the Fair Housing Act, House Financial Services Committee Chairwoman Maxine Waters (D-California) has called on President Trump and HUD Secretary Dr. Benjamin Carson to reconsider. Suggesting that the new rule could make it more difficult to prove cases of housing discrimination, Waters said in a statement, Read more…


Last month, Florida’s Third DCA affirmed a foreclosure judgment entered in favor of U.S. Bank National Association finding the bank proffered competent, substantial evidence that the borrower breached the terms of a modified note and mortgage. 3499 Saraev Properties, LLC v. US Bank Nat’l Ass’n. The appellant, 3499 Saraev Properties (“Saraev”), was a third-party purchaser who took title to the Read more…


In August, the daylight between early-stage delinquencies and seriously past-due mortgages continued to swell, according to Black Knight’s “first look” at August’s month-end mortgage performance statistics, which covers the majority of the national mortgage market. On the heels of falling a combined 0.85 basis points over the previous two months, overall, the national delinquency rate dropped only 0.03 basis points Read more…


The Federal Housing Finance Agency (FHFA) has revised the datasets for the Public Use Databases​ (PUDBs) of single-family and multifamily mortgage acquisitions by Fannie Mae and Freddie Mac. The revisions include newly available 2019 data and final versions of data for 2018. This includes 25 new data elements for the 2018 and 2019 Single-Family Census Tract files, which provide statistics Read more…


Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, Read more…


Nearly 11 million households fell behind on their mortgage and rent payments during the first three months of the COVID-19 pandemic, according to a new report published to the Mortgage Bankers Association’s (MBA) Research Institute for Housing America (RIHA). The report, titled “Housing-Related Financial Distress During the Pandemic,” culled previously unpublished data from the Understanding America Study, an internet panel Read more…


In a year of challenges, it’s all the more important to recognize excellence. One way we do this at MReport is our annual September Women in Housing issue. Packed with content driven by female mortgage leaders, within this edition we also announced the 2020 Keystone Award finalists. Over the past few weeks we rolled out profiles of the women who Read more…


Next week, both the House and the Senate will be turning their attention to industry and government response to the ongoing COVID-19 pandemic. First up, at 10:30 a.m. ET on Tuesday, the House Financial Services Committee will hold a session entitled “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response.” This comes on the heels of the Federal Reserve’s Read more…


The second quarter experienced the flipping of 53,621 single-family homes and condominiums, or 6.7% of all home sales, according to new statistics from ATTOM Data Solutions. This represented one in 15 transactions. The second quarter’s flipping total was down from 7.5% of all sales, or one in 13, during the first quarter, but up from 6.1%, or one in 17 Read more…


CoreLogic’s Single-Family Rent Index, “which analyzes single-family rent price changes nationally and across more than 80 metropolitan areas,” reported this week that U.S. single-family rent growth stabilized for the first time since the beginning of the pandemic. CoreLogic’s July 2020 data showed a national year-over-year rent increase measuring 1.7%, That’s down from July 2019’s 2.9% YOY increase, and it represents Read more…


Inc. Magazine has ranked Mortgage Connect no. 209 in Financial Services and no. 3,866 overall on its 39th annual Inc. 5000 list, a ranking of the fastest growing privately held companies in the U.S. It’s the second time Mortgage Connect, a national mortgage services provider for the nation’s largest financial institutions, investors, and servicers, has made Inc. Magazine’s list—the most Read more…


Continuing an annual tradition, our September issue of DS News is once again our Diversity issue, focused on exploring the business case for diversity and inclusion, as well as practical takeaways and best practices from those working in the space. We encourage you to read the full digital issue online, and to check out the American Mortgage Diversity Council to Read more…