The week ahead: Higher rates to buoy importance of servicing

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Countrywide VIP mortgage program investigation goes dark 1 in 5 mortgages drowning Drowning in Debt . . . Underwater Mortgages – For a more detailed look at this phenomenon, and for a bit of a chuckle, here is a list of the top 15 states in our union for underwater mortgages. 1. Nevada: 69.9% of all mortgages 2. Arizona: 51.3% of all mortgages 3. Floria: 47.8% of all mortgages 4. Michigan: 38.5% of all mortgages 5. California: 35.1% of all mortgages 6. Georgia: 27.8% of.Shadow inventory rocked by foreclosure snafu 2018 HW Tech100 Winner: LoanLogics Westcor Specialty is the technology arm of Westcor land title insurance company. westcor Specialty works to identify ways Westor can bring innovation to marketplace participants outside of its."Just as shadow inventory is the stock of properties in delinquency or foreclosure that are not yet for sale," he says, "these buyers waiting in the wings are the new "shadow demand."The ""VIP"" program was dubbed Friends of Angelo because it was headed by former Countrywide CEO angelo mozilo. [image] [column_break] In 2009 the Senate Ethics Committee conducted an investigation on.

The dollar had a challenging week. higher. The strong close ahead of the weekend suggests potential to test the 200-day moving average, which begins the new week near $1.1325. Yen: The dollar was.

Thus far, the bulls appear to be winning as the market continues to soar ever higher. It can be. We are currently offering.

 · Forex and Fixed income. The yield on the 10-year US Treasury was down 4 basis points at 2.25 per cent. Other US data showed the core personal consumption expenditure price index – the Fed’s preferred inflation measure – rose 0.1 per cent in.

 · This week, we revisit the interest rate cap topic following the proposal by the National Treasury Cabinet Secretary, Mr. Henry Rotich, in the Budget reading for 2019/20 fiscal year, to repeal Section 33B of the Banking Act, which capped interest chargeable on loans at 4.0% above the CBR rate.

FHFA: Fannie, Freddie will not require another bailout A bipartisan group of Senators proposes that guarantee fee increases not be used to offset federal. watchdog of the federal housing finance agency (FHFA) that warns Fannie and Freddie may need.

It is the product of a healthy profit margin of 16%, a solid asset turnover rate of 0.5% and a manageable level of gearing of 2.1. Put those three numbers together and Keppel’s ROE is a buoyant 17%. The Motley Fool’s purpose is to help the world invest, better.

MetLife exits forward mortgage business When MetLife decided to exit the reverse mortgage business in April, it sent the industry reeling-albeit temporarily-as the third in a series of large corporate lenders to quit offering Home Equity Conversion Mortgages. Why did MetLife really leave the business? Inman News’ Tom Kelly addresses.RMBS issuance soars past estimations In the last few months, Ginnie Mae’s portfolio pushed past $2 trillion, comprised of more than 11 million loans. With a portfolio of that size, Ginnie Mae is taking steps to bring more security to the.

"Domestic demand, especially private consumption, was an important growth. Pound to Euro exchange rate kicked off the weekly session on a positive trajectory with Sterling reclaiming the 1.14.

The first full week of January promises to bring change to the mortgage industry and lots of it – from declining originations to rising mortgage servicing rights values as the market shifts more.

One important uncertainty that we are dealing with today is the impact of higher interest rates on highly indebted Canadians. rising interest rates will mean these people will have to spend more of their income servicing debt, leaving less for other goods and services.