Among “Most Complicated” Decisions For FHFA

Today’s News Synopsis:

Alternative assets are great in theory, but they are proving to be complicated.  The latest list from ATTOM Data Solutions showed which cities have rentals where you can get the most money out of them.  More Americans are putting more money into their backyard as they bring back the outdoor fun and relaxation of a back yard.

In The News:

Black Knight Financial Services – “First Bank Mortgage Signs Multi-Year Renewal for Black Knight’s LoanSphere MSP Servicing System” (10-23-2017)

“Black Knight, Inc. (NYSE: BKI) announced today that First Bank Mortgage, a division of First Bank, one of the nation’s largest family-owned-and-led banks, has signed a three-year renewal for LoanSphere MSP, Black Knight’s industry-leading servicing system. MSP’s single, comprehensive platform will be used by First Bank Mortgage to manage all of its mortgage servicing processes, including loan boarding, payment processing, escrow administration, default management and more.”

CoreLogic – “CoreLogic Selected to Provide HUD With Valuation and Disposition Services For Single Family Assets” (10-23-2017)

“CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced that it has been selected to provide the Department of Housing and Urban Development (HUD) with a comprehensive set of valuation and workflow solutions to mitigate losses to the Federal Housing Administration (FHA) Mutual Mortgage Insurance Fund (MMIF).”

Fannie Mae – “Fannie Mae Unveils More Innovative Solutions to Lower Costs, Shorten the Mortgage Process” (10-23-2017)

“Fannie Mae (FNMA/OTC) today introduced innovative solutions that build on the strong foundation of Day 1 Certainty and further simplify the mortgage process for lenders and servicers.”

ATTOM Data Solutions – “Where to Find Cash-Flowing Rentals” (10-23-2017)

“An ideal rental property is the opposite of a money pit; it produces income for its owner.  Build a decent portfolio of these cash-flowing rental properties and you may just have enough income to quit your day job.”

Freddie Mac“New Freddie Mac Analysis Finds Widening Shortfall of Affordable Rental Units” (10-23-2017)

“A new report pdf issued by Freddie Mac (OTCQB: FMCC) has found that over the past six years, the already-acute shortfall of affordable rental units has widened considerably.”

HousingWire – “Watt: Shift away from FICO is among “most complicated” decisions for FHFA” (10-23-2017)

“Just as he did back in August in a speech before the National Association of Real Estate Brokers’ 70th annual convention in New Orleans, Federal Housing Finance Agency Director Mel Watt told the crowd at the Mortgage Bankers Association Annual meeting in Denver not to hold their breath waiting for Fannie Mae and Freddie Mac to begin using alternative credit scoring models.”

Bloomberg – “The American Backyard Is Growing Again” (10-23-2017)

“Break out your patio umbrella, install a doggy door, buy a slip-and-slide. The American backyard is growing again, as homebuyers place a new premium on outdoor fun.”

Apartment Therapy“How Much Space $1500 a Month Gets You Around the World” (10-23-2017)

“Have you ever wondered what it would be like to live your life in a totally different city? I mean, aside from fantasizing about the traveling part—have you ever thought about the practical things, like how much it would cost if you were to move to Paris, or San Francisco, or Tokyo?”

 

Bruce Norris will be speaking at the Cutting-Edge Financial Tactics Brunch on Saturday, October 28.

Bruce Norris will be speaking at the Cutting-Edge Financial Tactics Brunch on Saturday, October 28.

Aaron Norris will be presenting Technology Trends and Effects on Real Estate with LA South REIA on Monday, November 13.

For more information about The Norris Group’s California hard money loans or our California Trust Deed investments, visit the website or call our office at 951-780-5856 for more information. For upcoming California real estate investor training and events, visit The Norris Group website and our California investor calendar. You’ll also find our award-winning real estate radio show on KTIE 590am at 6 pm on Saturdays or you can listen to over 170 podcasts in our free investor radio archive.

 

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