Stagnant home sales likely to be a drag on US economy

By: ameer@trustedteam.com

While existing home sales aren’t measured in GDP, many of the things which come along with it are, and those are likely to start trending down, First American said.

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Tech Pulse: Realtor.com acquires Zenlist; Zillow unveils new tools

By: ameer@trustedteam.com

Tech Pulse is HousingWire‘s weekly series rounding up the latest in technology — including tools, integrations and trends.

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Sen. Adam Schiff Accused of Mortgage Fraud

By: ameer@trustedteam.com

If true, this could be an example of occupancy fraud, a method used to secure a lower interest rate or better terms on a mortgage.

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GSE Roundup

By: ameer@trustedteam.com

More access to Freddie’s CPA; taking Republic Mortgage Insurance off the books; new CEO for FHLB-OF; Calabria gets a new gig.

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Lenders Warned of Spike in Mortgage Fraud Activity

By: ameer@trustedteam.com

Fannie’s Financial Crimes Investigation team warns lenders of a string of fraudulent cash-out refis in the New Jersey area.

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Title Acceptance Pilot at Fannie Ready for Takeoff

By: ameer@trustedteam.com

By one estimate, if Fannie’s title acceptance pilot were allowed to expand, it could save consumers as much as $96 million a year without significantly increasing the risk of...

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Fannie Winnows Mortgage Portfolio With NPL Sale

By: ameer@trustedteam.com

Nearly $297 million in non-performing Fannie loans have hit the auction block so far in July. That includes an $8.1 million community impact pool.

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GSEs Push New Tech Tools to Improve Access to Mortgage Credit

By: ameer@trustedteam.com

The GSEs’ automated underwriting systems now include income calculators, appraisal waivers and tools to assess the rental payment history of borrowers.

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FICO White Paper Disputes VantageScore Claims

By: ameer@trustedteam.com

Just one week after VantageScore 4.0 credit score was allowed for underwriting GSE-eligible loans, competitor FICO released data appearing to show that FICO 10 T has superior predictive capabilities.

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Nonbank GSE Servicers’ Market Share Flat in 2Q

By: ameer@trustedteam.com

Although total GSE servicing remained almost unchanged as of the end of the second quarter, some large servicers — mostly nonbanks — experienced disproportionate year-over-year gains in volume. (Includes...

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