Deanna White told a contractor she couldn’t afford the $42,200 loan he recommended for improvements to her house in Inglewood, Calif. The contractor, she recalled, said she wouldn’t be on the hook because the loan was part of a “government program.” She applied and was approved. Two years later, Ms. White is struggling to make …
The password for the PAPER SOURCE REGISTRY OF NOTE INVESTORS & SERVICERS has changed. The new password is in the most recent issue of THE PAPER SOURCE JOURNAL. Not only is the password new, but you’ll see that the Registry is in a brand-new, much more user-friendly format. All you do is select the type of note you want to sell and all …
The Registry Is New, And The Password Has Changed Read More »
Property developers are pouncing on sustained demand for stand-alone home rentals by taking a big step: Building entire single-family neighborhoods designed for renters. When the housing market crashed, investors took advantage by buying low-price homes in foreclosure in order to rent them out to tenants. That demand has proven brisk. The new rental communities look …
House flipping, a potent symbol of the real-estate market’s excess in the run-up to the financial crisis, is once again becoming hot, fueled by a combination of skyrocketing home prices, venture-backed startups and Wall Street cash. After nearly being felled by real-estate forays almost a decade ago, a number of banks are now arranging financing …
A report by the Federal Housing Administration (FHA) reveals that two-thirds of distressed loans in HUD’s single-family sales program (SLFS) have been resolved by selling to investors with 42 percent of those loans avoiding foreclosure. Distressed or nonperforming (NPN or NPL) loans are about 28 months delinquent on average when purchased by investors. Approximately 28 percent …
As the Trump presidency takes hold, the debate over Dodd-Frank is growing. President-elect Donald Trump has promised to dismantle the banking reform act. Fed Chief Janet Yellen has promised to defend it. Congress has the power to change it. And, the battle has already begun. The House just passed an amendment to the Dodd-Frank Act …
A new report from Realtor.com shows that investors who initially acquired foreclosed homes in bulk post-housing crisis, have now begun to cash out or slow the rate of their acquisitions. Examining the 50 largest metros in the U.S., Realtor.com investigated sales transaction data in order to better explain the national decline in investor activity. “The …
Are Foreclosure Investors Pulling a Disappearing Act? Read More »
The volatile housing market of the past 15 years is widening the divide between pricey urban and coastal areas and more affordable inland regions. Much of the spoils of the recent boom have been concentrated in pricier markets. Homes in ZIP Codes where the median value is $500,000 to $1 million are now worth 103% …
WASHINGTON—A battle is intensifying over the future of Richard Cordray, the head of the Consumer Financial Protection Bureau, as Republicans search for any past transgressions that would allow President-elect Donald Trump to fire him. Mr. Cordray, a former Ohio attorney general, is admired by consumer groups and disliked by many GOP lawmakers and financial-industry players …
WASHINGTON—Idaho Republican Sen. Mike Crapo is a rare dealmaker who has negotiated across the Capitol’s partisan divide. Texas GOP Rep. Jeb Hensarling’s record has been defined more by trying to cut government than cutting deals with Democrats. The fate and shape of the sweeping financial deregulation promised by President-electDonald Trump—and eagerly anticipated by investors pushing up bank stocks—hangs on …
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