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Ocwen improves overall reverse mortgage performance despite volume contraction

Housing Wire

Reverse servicing increased its profitable contribution with higher gains on loans held for sale, even as volume contracted,” said Sean O’Neill, Ocwen’s chief financial officer. Rebranding efforts Initially announced in early April, Messina made reference to the company’s rebranding initiative , which will touch on all of its subsidiaries.

Contracts 311
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Top five questions to ask a potential real estate agent

Housing Wire

Do I have to sign a contract and, if so, how is it structured? You should also find out what the agent’s contract looks like. Do you have any references I can contact? If you think a real estate agent might be a good fit, always ask for a reference or two first before signing on that dotted line.

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Contract Data Is Pending Data Is Lagging Data

Miller Samuel

Throughout my career, I have seen brokerage firms publish pending/contract reports, touting pending trends as more reliable than reports based on closings. The simplistic, uninformed argument for pending sales is that contract dates occur before closing dates, so they are more current. I plan to develop one someday.

Contracts 195
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Mortgage credit tightened in September, MBA says

Housing Wire

The index plunged from record highs seen in late 2019 after the COVID-19 pandemic caused the sharpest economic contraction since the Great Depression. economy contracted 31% in the second quarter, compared to a year earlier, as the nation struggled to contain the worst public health crisis in more than a century.

Mortgage 416
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FHFA takes a swing at racial bias in appraisal

Housing Wire

In a blog post, Fannie Mae and Freddie Mac ’s regulator and conservator said it found examples of “overt references to race, ethnicity, and other prohibited bases under federal fair lending laws,” which FHFA said indicate the “continued presence of valuation bias.”.

Appraisal 459
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Kelly Davids named president of The Appraisal Foundation

Housing Wire

At that time, outgoing president Dave Bunton informed the foundation that he would be retiring at the end of his current contract. Bunton’s contract with the organization expires on Dec. Davids is scheduled to assume the role of president on March 31, at which point Bunton will transition into a new role as a senior adviser.

Appraisal 369
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Fannie Mae clarifies ARM interest rate, ups cash-out refi term on manufactured homes

Housing Wire

The Fannie Mae February Selling Guide has a series of updates , including the expansion of value acceptance and property data appraisal waivers to condominiums, cash-out refinance allowances for manufactured homes, and updates to credit references and certain definitions.

Retail 392