Reaching into its mortgage-related investments portfolio, it announced the auctioning of 2,806 non-performing residential first lien loans (NPLs), according to Freddie Mac. Specialized Loan Servicing LLC currently services the loans, with a balance of $464 million. The anticipated settlement date ...
Read More »‘Slow and Steady Decrease’: Shifts in Mortgage Forbearance Rates
Data analysts noted that more than 70% of the mortgage forbearances examined are now in an extension due to economic fallout from COVID-19, detailed here. Click through for more of the latest data.
Read More »Housing Outlook Maybe Not as ‘Rosy’ as it Seems
An expert on a webinar panel said analysis of interest rates, forbearance numbers, and stimulus developments can help provide a more realistic understanding of housing developments.
Read More »How Real Estate Professionals’ Lives Are Changing
From how they utilize technology to the psychological effects of limited human interaction, mortgage industry professionals and real estate agents helped researchers understand how a widespread health crisis is influencing the industry.
Read More »Mortgage Contracting Services Announces New Ownership
Lewisville, Texas-based Mortgage Contracting Services (MCS), which provides specialized services to financial institutions, announced Monday that it has completed a recapitalization of the company. The company's representatives say that, under new leadership, it will "recapitalize its balance sheet through substantial ...
Read More »Targeted Training for Brokers Announced
Carrington Mortgage Services (CMS), a large, privately held non-bank lender, recently announced specialized training for brokers, according to a press release first published on businesswire.com. Because today’s lending market is changing at such a rapid pace, CMS reports, it is ...
Read More »Proposed Bill Would Enact Automatic Forbearance, Prohibit Foreclosures
The the U.S. House of Representatives Thursday passed a $2.2 trillion coronavirus relief package. The proposed bill includes a "far stronger action than the White House has taken previously" regarding evictions, added Bloomberg's CityLab. That is, a complete ban on eviction ...
Read More »The Week Ahead: REO Outlook Webinar for Housing Pros
Experts in macro-economics, default servicing, and REO optimization will present a complimentary webinar. Here’s what else is happening in The Week Ahead.
Read More »Industry Representatives Urge Congress to Pass COVID-19 Relief
Builders stressed the need for legislation in order to prevent COVID-related issues from "undermining the stability of the housing market and the financial health of our communities."
Read More »High Unemployment Hasn’t Curbed ‘Robust’ Housing Market
Data shows an improving housing market outlook, but high unemployment and lingering economic uncertainty tempers analysts’ expectations.
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