Government

While nearly 40% of total U.S. residents live in coastal regions, a new CoreLogic report revealed that approximately 41 million U.S. residents face the risk of flooding along rivers and streams. Click here to see how flood risk impacts overall home values in the Sunshine State.

The U.S. Department of Housing and Urban Development announced for commitments to public safety, facility improvements, economic development, and housing projects to further develop and preserve more housing nationwide.

Between the non-performing loan sales program’s inception in 2014 and the end of 2022, the GSEs have sold off a collective $30 billion in loans to the private sector.

The MBA, NAR, and NAHB have sent a letter to the Board of Governors of the Federal Reserve about the industry’s concerns over negative market impacts stemming from the Fed’s monetary policy actions.

When it comes to wading through a sea of industry jargon, there is no larger ocean to navigate than the default servicing industry, and an upcoming webinar hosted by Legal League will help assist in improving the communication gap between attorneys and servicers.

A variety of lenders were surveyed for a new Fannie Mae study, which found that lenders cited operational efficiency as the primary motivation for AI and machine learning adoption.

Bureau appoints 22 new members to represent various districts of the Federal Reserve System, each member a recommendation by a President of a Federal Reserve Bank.

Narrowly avoiding cancelation and a total government shutdown, last-minute bipartisan legislation was passed calling for the continued funding of the NFIP for an additional 45 days, through mid-November.

As part of the GSE’s effort to reduce the size of its retained mortgage portfolio, Fannie Mae has sold two pools comprised of 1,500-plus loans totaling more than $235 million in unpaid principal balance.

Attorney Adam Diaz examines a recent case in Florida where a judgment was entered in favor of the mortgagors and against a major bank as the court denied foreclosure and rewrote the terms of the note and mortgage.