This week, on Wednesday, November 18, representatives from the Federal Housing Administration (FHA) via a complimentary webinar will offer guidance on the Claims Without Conveyance of Title (CWCOT) program "in which the mortgagee attempts to secure a third-party purchaser for ...
Read More »DS5: Preparing for Forbearance Exits
This episode of DS5: Inside the Industry features Jesse Roth, SVP of Strategic Partnership & Business Development at Auction.com. Roth delves into the ways in which his industry is preparing for forbearance exits by focusing on automation to help manage ...
Read More »Remembering FDIC’s First Chief Economist
Following a four-year battle with brain cancer, Dr. Richard Alan Brown, 58, died November 8. The Ashburn, Virginia, resident served as the first Chief Economist at the Federal Deposit Insurance Corporation (FDIC), where, according to an obituary on the Adams-Green ...
Read More »Opportunity Zone Analysis Reveals ‘Dueling Trends’
Click through to see what researchers believe will be important to watch over the coming months, "amid a highly uncertain economic outlook.”
Read More »FHFA Approves Forbearance-Program Extension
To support homeowners and mortgage lenders, the Federal Housing Finance Agency (FHFA) announced in a press release Thursday an extension of a temporary policy that allows for the purchase of some single-family mortgages in forbearance that meet eligibility criteria set ...
Read More »30-Day Delinquencies at Lowest Rate Since 1979
A survey published Tuesday by the Mortgage Bankers Association (MBA) showed that among mortgage loans on one-to-four-unit residential properties, delinquencies decreased to a seasonally adjusted rate of 7.65% of all loans outstanding at the end of this year's Q3. For ...
Read More »The ‘Unclear’ Future of the Community Reinvestment Act
A primary goal of 1977's Community Reinvestment Act (CRA) was to reverse the effects of redlining, a practice by which the federal government and banks actively avoided lending to borrowers from lower-income and minority neighborhoods. Some housing advocates believe pending ...
Read More »FHA Proposes Private Flood Insurance for Single-Family Mortgages
A new rule would allow a private flood insurance option instead of insurance through the National Flood Insurance Program (NFIP), when flood insurance is required by FHA.
Read More »FHA Proposes Private Flood Insurance for Single-Family Mortgages
The Federal Housing Administration (FHA) today published a proposed rule on its website that would allow a private flood insurance option instead of insurance through the National Flood Insurance Program (NFIP), when flood insurance is required by FHA. In September, the ...
Read More »FHA’s Response to a National Health Crisis
FHA’s Dror Oppenheimer addressed industry professionals at a recent event, where he discussed how and why the agency implemented a new array of technological tools at just the right time.
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