News

In February, Walter Investment announced the merger for the first time in its full year and fourth quarter 2014 operational highlights and financial results.

Of that 9.9 percent distressed sales share reported for May 2015, REO sales accounted for 6.4 percent of all home sales, the lowest share for REO since October 2007, when it was reported at 6 percent.

The quarter-over-quarter increase in net income for Q2 2015 was largely driven by fair value gains, offset by credit-related expense that was negatively affected by an increase in interest rates. Fannie Mae's net fair value gains in Q2 totaled $2.6 billion, compared with losses of $1.9 billion in Q1.

The Office of the Comptroller of the Currency (OCC) on Wednesday released a list of Community Reinvestment Act (CRA) performance evaluations for 33 financial institutions.

Sales of new single-family homes rose 18 percent year-over-year in June with a seasonally adjusted annual rate of 482,000 compared to June 2014's pace of 408,000, according to the survey.

Ask the Economist is an ongoing series in which DS News talks with an economist about the most pressing issues facing the nation's housing industry and the economy. This installment features Sean Becketti, Chief Economist with Freddie Mac.

According to the CFPB, eClosings were chosen as a solution to address some of these pain points. Electronic mortgage closings rely on technology for borrowers to view and sign closing documents.

July's total of 71,820 bankruptcy filings nationwide represented in jump of 2,069 from June's total of 69,723. Filings declined by 7.4 percent year-over-year in July, however, down from 77,532 in July 2014. Average filings per day over the 22 filing days in July rose by nearly 100 from June, from 3,171 up to 3,265.

The Office of Inspector General for the FHFA found in a compliance review that the Agency's program to commission Housing Finance Examiners (HFEs) was not on track to meet its main objective, which was to produce conditioned examiners who were qualified to lead major risk sections of GSE exams.

That number of 12.7 million detached homes currently in the single-family rental market comprises about 29 percent of the demand for rentals nationwide (out of 44.3 million), according to Burns.