How Single-Family Rentals Rose From the Financial Crisis
Fri, 20 Apr 2018 20:34:24 +0000

After the financial crisis hobbled the housing industry back in 2008, the number of rented abodes skyrocketed. Today, that number continues to climb, as more people opt—for one reason or another—to live the leasing lifestyle, according to the Terner Center for Housing Innovation at the University of California, Berkeley, which conducted a national survey of ...

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Five Star’s Ed Delgado: “Politics at Its Worst”
Fri, 20 Apr 2018 16:30:19 +0000

On Thursday, it was reported that U.S. Sen. Tammy Duckworth (D-Illinois) has placed a blanket hold on all nominations for vacant positions within the U.S. Department of Housing and Urban Development. Sen. Duckworth made this move after not receiving a response within her prescribed deadline to a letter containing more than 25 detailed questions that ...

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Wells Fargo to Pay CFPB, OCC $1 B Fine
Fri, 20 Apr 2018 13:39:12 +0000

On Friday, the Consumer Financial Protection Bureau (CFPB) and the Office of the Comptroller of Currency (OCC) announced a fine of $1 billion on Wells Fargo. The bank had charged over 570,000 consumers for car insurance they didn't need and in October, it revealed that some of its mortgage loan borrowers had been inappropriately charged ...

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Nationstar and Ocwen Announce Changes at the Top
Thu, 19 Apr 2018 22:48:02 +0000

It’s been a busy day for the mortgage and servicing industry. Both Nationstar and Ocwen announced major leadership changes on Thursday, with Nationstar naming its first COO in the form of Tony Ebers and Ocwen announcing that Glen Messina will take over as the company’s President after Ron Faris is set to retire. Ebers will ...

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Nationstar Promotes Tony Ebers to COO
Thu, 19 Apr 2018 21:51:06 +0000

Nationstar Mortgage Holdings Inc., headquartered in Coppell, Texas, announced today that Tony Ebers has been appointed COO, a new position within Nationstar. "Tony is a seasoned and trusted leader who consistently delivers results. He is uniquely qualified to drive strategic prioritization and accountability within Nationstar, with a laser-focus on operational excellence," said Jay Bray, Chairman ...

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Rental Payment History vs. Mortgage Delinquency Risk
Thu, 19 Apr 2018 21:36:26 +0000

Rental payment history is indicative of future mortgage loan performance and should be considered when individuals apply for mortgage loans, according to new research from the Urban Institute. “Access to mortgage credit remains overly tight in part because we are not measuring the credit risk of renters appropriately,” researchers Laurie Goodman and Jun Zhu wrote ...

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Debt and Regret Among Some Homebuyers
Thu, 19 Apr 2018 21:28:30 +0000

Purchasing a home is unquestionably one of the biggest expenditures most consumers will make in a lifetime. It’s exciting, it’s nerve-wracking, it’s fraught with decisions. And when you finally find the “perfect” space to call your own, it’s also nearly impossible to resist—especially these days with inventory drum-tight, interest rates still hovering near the lowest ...

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Examining Housing Inequality
Thu, 19 Apr 2018 20:47:09 +0000

It has been five decades since President Lyndon B. Johnson signed the Fair Housing Act into law, one week after the assassination of Martin Luther King, Jr. In honor of the anniversary, Trulia partnered with the National Fair Housing Alliance (NFHA) to examine the state of housing in 2018 and spotlight areas where inequalities still ...

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For More Affordable Homes, Move to the Middle
Thu, 19 Apr 2018 19:57:43 +0000

The Midwest is home to the most affordable housing markets in the United States, according to data from the National Association of Realtors. The Realtors Affordability Distribution Curve and Score examines the affordability of current housing inventory at various income levels and assigns an affordability score to each state and the 100 largest metros. Ohio ...

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The Real-World Impact of Home Prices
Thu, 19 Apr 2018 19:34:51 +0000

Mounting housing costs are taking their toll on quality of life in Los Angeles, causing more than half of residents to worry they may have to move, according to a new study from the University of California Los Angeles. About 55 percent of all Los Angeles residents have either considered moving from their neighborhood because ...

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