A six-month pause in foreclosures will extend protections to at-risk veterans until its VA Servicing Purchase program is effective and available to provide assistance to VA borrowers in financial distress.
Read More »Study: Private Mortgage Insurance Impacts on Homeownership
A new report from U.S. Mortgage Insurers examines the capital and operational standards implemented by the industry since the 2008 financial crisis, along with innovations to increase the distribution of credit risk.
Read More »The Cost of Doing Business
With factors ranging from low volumes to inflation and manpower shortages putting the squeeze on the property preservation and field services sectors, MortgagePoint speaks to the vendors, government agencies, and GSEs trying to guide this important industry through the challenges it faces.
Read More »Senate Banking Committee Spotlights the Nation’s Financial Regulators
A recent Senate Banking Committee hearing featured testimony from the FDIC, NCUA, OCC, and Federal Reserve, discussing protection of the nation’s banking and credit union system, and how to ensure the system equally serves all.
Read More »Rising Waters, Rising Costs
As climate changes expose more U.S. housing stock to potential flood damage, the Congressional Budget Office has issued an impact report encompassing homeowners with mortgages protected by the GSEs or backed by the FHA or VA.
Read More »Foreclosure Filings: A ‘Concerning Picture’ of Future Trends?
Rob Barber, CEO at ATTOM Data, said, “It’s evident that challenges in the housing market persist. While we anticipate a likely decline in the coming months due to the holiday season and other seasonal patterns, we do foresee a continued uptick in 2024 as foreclosure filings make their way through the pipeline.”
Read More »Mortgage Servicing Powers Independent Mortgage Banks Through Q3
Mortgage servicing proved to be a bright spot for independent mortgage banks in Q3, as roughly half of the companies MBA polled stayed profitable in the quarter, thanks to their production and servicing business lines.
Read More »FHA Reports on Delinquency, Credit Access in Report to Congress
In its Annual Report to Congress for fiscal year 2023, the FHA detailed the work of its single-family mortgage insurance programs in fiscal year 2023, including updates on credit access, capital in the MMI Fund, and delinquency rates of mortgages in its portfolio.
Read More »FHA Increases Fees for Property Preservation Expenses
An update to allowable inspection fees will increase compensation for inspections that determine a property’s occupancy status and safeguard neighborhoods from blight arising from inadequately maintained unoccupied homes.
Read More »Trade Groups Urge Congress to Extend NFIP and Protect Housing Market
In a letter to Mike Johnson, Speaker of the United States House of Representatives, 11 housing organizations have issued a letter to Congress to extend the authority of the NFIP by ensuring other vital housing programs do not lapse on November 17.
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