Distressed home sales typically decrease around this time of year due to seasonal factors, but short sales and sales of real estate owned (REO) properties this June fell to their lowest June rates since 2007, CoreLogic reported this week.
The financial world is paralyzed, waiting for the Fed next Thursday. At the outset, hang on tight to one thing: The U.S. economy is doing so well that, if it were not for the rest of the world, the Fed would have begun liftoff months or even years ago.
Who are the top mortgage loan originators in every market, and what kind of loans are they generating? Some long-standing mortgage industry trends may see a major shift next month, when lenders take center stage in real estate closings thanks to the Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosures (TRID) rule — and CoreLogic is poised to document the changes.