Addison, TX-based BDF Law Group recently announced strategic promotions across its organization. Ryan Bourgeois is expanding his role to include Compliance Officer. Having been with the firm since 2006 and a Partner since 2014, Bourgeois is a frequent contributor and ...
Read More »Report: Biden Picks Marcia Fudge to Lead HUD
The President-elect reportedly has selected the congresswoman from Ohio to lead the department.
Read More »Reasons for Optimism Despite Increased Delinquencies
CoreLogic releases monthly reports on delinquencies and loan performance for U.S. mortgages. The company on Tuesday published data covering September 2020, which show that, nationwide, 6.3% of mortgages are 30-plus days past due. Numbers reported in CoreLogic's Loan Performance Insights, ...
Read More »MBS Represent ‘Strong Source of Capital’ for Homeowners
Ginnie Mae on Tuesday announced that mortgage-backed securities (MBS) have continuously been a "strong source of capital for America's homeowners." The company, which funds government-backed loans, reports more than $76.2 billion of securities issued in November, the fifth consecutive month ...
Read More »The Long Road Ahead for Default Servicing
From the confusion of the initial outbreak, on through forbearances and internal challenges, here’s how default servicing set the pace for the most challenging year since the last housing crisis. Editor's note: This piece originally ran in the December issue of DS News.
Read More »Payment-Market Evolution Explained
Although like many sectors, it has faced challenges related to COVID-19, the payments market is quickly evolving, according to industry insiders. Marius Galdikas, CEO at ConnectPay, a fintech bank, notes that factors including Banking-as-a-Service, the pursuit of regulation, less reliance ...
Read More »How Foreclosure ‘Wave’ Could Impact Housing Shortage
Foreclosure moratoria and forbearance programs eventually will come to an end, which could result in a foreclosure surge, say sources at Redfin. With a few factors at play, any such increase in foreclosures will not make much of a dent ...
Read More »Home Purchase Sentiment Down After Hitting ‘Peak’
Fannie Mae's Home Purchase Sentiment Index (HPSI) this month reported a 1.7 point decline in home-purchase sentiment following three consecutive months of increases, the researchers said. The HPSI stands at 80 points for November. Since last year at this time, ...
Read More »The Week Ahead: The Impact of the 2020 Wildfires
The property data analysts at CoreLogic host a complimentary webinar Tuesday, December 8, at 11 a.m. CT, entitled, "A Horizon on Fire: Where Do We Go From Here?" Organizers, noting that 2020 has been a record-breaking year across the board, ...
Read More »Can America Stave Off ‘Wave of Homelessness’
Some 18 million homeowners and renters are late to pay the monthly housing bill, and about a third of those expect to face eviction or foreclosure in the coming months, reported the US Census Bureau in November. According to an ...
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