The FHFA, which oversees Fannie Mae and Freddie Mac, recently announced new resources for Americans who need assistance with mortgage loans but who possess limited English-language proficiency. That could be causing homeowners extra hardships during an already trying time, the ...
Read More »National Flood Insurance Program Extended, But Problems Remain
Members of the housing industry thanked lawmakers for the extension but also urged them "to make long-term reform a priority moving forward."
Read More »California Law Determines Who Has ‘First Dibs’ on Foreclosures
A new law in California will restrict anyone selling foreclosed homes from bundling them at auction for sale to a single buyer. In addition, the law paves the way for tenants, families, local governments, affordable housing nonprofits, and community land ...
Read More »States That Stand to Lead Home-Equity Origination
Due to economic impact of COVID-19, more Americans are taking out home-equity and other types of loans, according to a new study by WalletHub. "Americans who are having trouble with their finances during the COVID-19 pandemic are searching for all sorts ...
Read More »Areas at Highest Risk of a Foreclosure Surge
Americans could face as many as 1.4 million foreclosures if homeowners remain unable to make their mortgage payments. That is according to a recent report from Realtor.com. As was reported earlier this week, the number of FHA loans in forbearance ...
Read More »How Mortgage Delinquencies Could Impact Property Taxes
An atypically high number of mortgage delinquencies and forbearance programs should not significantly affect property tax payments, reported Fitch Ratings, provider of credit ratings, commentary and research, with the caveat that there is an increased possibility of timing delays. The ...
Read More »How Many Loans are Still in Forbearance?
The Mortgage Bankers Association (MBS)'s Forbearance and Call Volume Survey reported that the total number of loans now in forbearance decreased to 6.87% from 6.93% the previous week. The MBA estimates 3.4 million homeowners are in forbearance plans. Its Forbearance and ...
Read More »Industry Pulse: Executive Moves and Accolades
Sagent, a fintech company modernizing mortgage and consumer loan servicing for American banks and lenders, last week appointed veteran technology leader Uday Devalla as Chief Technology Officer (CTO). The move accelerates Sagent’s vision to improve loan servicing engagement and consumer ...
Read More »Sagent Appoints Uday Devalla CTO
Sagent, a fintech company modernizing mortgage and consumer loan servicing for American banks and lenders, last week appointed veteran technology leader Uday Devalla as Chief Technology Officer (CTO). The move accelerates Sagent’s vision to improve loan servicing engagement and consumer ...
Read More »Responsibly Addressing Forbearance Costs
"Policymakers Should Maintain Forbearance but Fix Its Costs." That is the title of a new brief published by the Urban Institute’s Housing Finance Policy Center. Research associates Michael Neal, Linna Zhu, and Faith Schwartz explain that mortgage performance following Hurricane ...
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