Specialized Loan Servicing expands into prime mortgage subservicing

Specialized Loan Servicing, a third-party mortgage servicer that is owned by Australia’s Computershare, announced this week that it plans to expand its offerings to include subservicing for prime and non-performing loans.
Source: HousingWire Magazine

March interest rate hike? Odds are now up to 50%

Expectations for a rate hike in March are up significantly from last week as traders place an over-50% chance on an increase of interest rates in March. And one expert explains this increase in expectations could turn into a self-fulfilling prophecy.
Source: HousingWire Magazine

10 best and worst markets for first-time homebuyers right now

As the industry gears up for the spring homebuying season, first-time homebuyers are once again stuck trying to gauge exactly how affordable their market is, along with if it’s even one they are able to jump into. This new report from Bankrate shows what markets are ideal for first-time homebuyers. Does yours rank at the top of the list?
Source: HousingWire Magazine

RealPage continues expansion with $300 million acquisition of Lease Rent Options

Earlier this year, RealPage, a provider of software and data analytics to the real estate industry, announced plans to expand its apartment data offerings with the $75 million acquisition of Axiometrics. Well, it turns out that RealPage isn’t done expanding yet. The company announced Monday that it reached an agreement to acquire Lease Rent Options and related assets from The Rainmaker Group for $300 million in cash.
Source: HousingWire Magazine

Consumer Confidence hits 15-year high in February

Consumer confidence took off in February, reaching its highest point in 15 years, according to The Conference Board. However, now every measure of consumer optimism showed an increase on consumer sentiment in February.
Source: HousingWire Magazine

AMC Fined for Removing Appraiser from Panel

The Washington State Department of Licensing has recently become the first regulatory agency to fine an AMC for removing an appraiser from an appraiser panel without proper notification.

The post AMC Fined for Removing Appraiser from Panel first appeared at Working RE Magazine.

Source: Working RE Magazine

Massive single-family rental merger: Tricon Capital to acquire Silver Bay Realty Trust for $1.4 billion

In a deal that will shake up the single-family rental industry, Tricon Capital Group announced this week that it plans to acquire Silver Bay Realty Trust in a $1.4 billion deal that will create one of the country’s largest operators of single-family rental homes.
Source: HousingWire Magazine

[Watch] Hensarling: Dodd-Frank reform is a this-year priority

House Financial Services Committee Chairman Rep. Jeb Hensarling, R-Texas, is at the forefront of reforming Dodd-Frank, spearheading one of the most prominent options to change the controversial act. His position of authority brings a lot more weight to his recent comments during a CNBC interview where he stated that dealing with Dodd-Frank is a this-year priority.
Source: HousingWire Magazine

Will you be successful this spring homebuying season? This is what economists predict

Mortgage interest rates are increasing and could increase even more if inflation rises. Experts explain that while this should mean a deceleration in home prices, that has not been the case. An increase housing inventory remains the only factor that could fulfill home buyer demand and settle rising home prices.
Source: HousingWire Magazine

Wells Fargo commits $60B lending goal toward African American Homeownership

America is projected to become drastically more diverse over the next several decades. By the year 2024, 75% of the expected 14 million new households in the U.S. will be diverse, and Wells Fargo is stepping up to meet that need. The bank announced on Tuesday a $60 billion lending commitment to African American homeownership.
Source: HousingWire Magazine