A new credit assessment tool can help servicers mitigate risk and prevent loss during difficult economic periods, industry experts say, according to a complimentary MReport webinar last week entitled “How Mortgage Servicers Can Mitigate Risk Exposure in a Volatile Environment,” ...
Read More »Loan Performance Has ‘Progressively Weakened’
While federal and state governments work toward additional support, economists expect serious delinquencies will continue to rise, particularly among lower-income households.
Read More »Why Investing in Single-Family Rentals is ‘A Good Bet’
Lenders are looking to cash in on demand for larger living spaces and investors' optimistic attitude toward suburban living, according to a Bloomberg report. In the aftermath of the foreclosure crisis, Tom Byce, helped to build a single-family rental business. ...
Read More »HUD Reminds States to Use Government Grants to Help Homeowners
The U.S. Department of Housing and Urban Development (HUD) Friday issued a reminder to all grantees--states, cities, communities, and nonprofits-who received Emergency Solutions Grants (ESG) or Community Development Block Grant (CDBG) fund--that they may use these funds to provide rental ...
Read More »The Week Ahead: The Need for Financial Aid During Pandemic
The U.S. House Committee on Financial Services Chairwoman Maxine Waters (D-CA) announced the month's schedule of virtual and hybrid hearings. Among them, this Tuesday at noon will be a presentation addressing, "The Need for Financial Aid to America’s States and ...
Read More »Intercontinental Exchange Acquires Ellie Mae
Intercontinental Exchange, operator of global exchanges and clearing houses and provider of mortgage technology, data and listing services, today announced that it has received regulatory approval and fully completed its $11 billion acquisition of Ellie Mae from the private equity ...
Read More »Cities With Most Distressed Homeowners
It has been widely reported that a wave of foreclosures similar to levels seen during the Great Recession is unlikely to occur despite the continuing economic hardship caused by the COVID-19 pandemic. Homeowners are in a much better position to weather this crisis, in ...
Read More »Despite Protections Mass Evictions Are Predicted
Despite eviction and foreclosure moratoria, recently extended at federal levels—first from FHFA, FHA, and, later, the CDC—the country is in for a flood of eventual evictions, according to research collected by Bloomberg. The report also explored how, with a current shortage in housing, ...
Read More »How Borrowers are Handling Pandemic-Prompted Budget Barriers
A new study broke down some of the ways the pandemic is effecting homeowners with a mortgage. The results revealed that more than half of those who took out a mortgage during the pandemic regret it. A quarter of homeowners ...
Read More »Why Pending Foreclosure Wave Won’t Be Like the Last One
There is little doubt that the COVID-19 pandemic will give rise to more foreclosures, but industry professionals predict conditions won’t be nearly as bad as they were in 2008-2010, for a few reasons. A prominent housing analyst told Bankrate.com to expect hundreds of thousands of defaults next year as mortgage forbearance periods end. ...
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