The Coronavirus Aid, Relief, and Economic Security (CARES) Act offered 12 months mortgage forbearance for COVID-19-impacted borrowers with federally backed residential mortgages—that's about 70% of all 48 million American homeowners with a mortgage. But what about the other 30%. Karan Kaul, Senior Research ...
Read More »‘Dramatic Bounce Back’ Indicated in July Housing Health Report
Despite the coronavirus pandemic, housing activity keeps advancing, researchers say. Analysts say the growth, despite COVID's persistence, “indicates underlying consumer demand.” According to the BuildFax Housing Health Report for July, published this week, single-family housing authorizations continue to rise substantially month over month. In addition, they said, ...
Read More »Asurity Announces Launch of RiskExec’s Proprietary Fair Servicing Module
RiskExec added Fair Servicing into its leading reporting and analysis platform for HMDA, CRA, and Fair Lending. Loan servicing practices have become ever more critical in the world of COVID-19 loan forbearance and modification. To aid lenders and loan servicers ...
Read More »Industry Reaction: Fannie and Freddie’s Adverse Market Fee
Both supporters and critics are weighing in on the “adverse market fee” or "market condition credit fee" introduced by the GSEs last week, under the authorization of the FHFA.
Read More »HUD’s Carson Provides Opportunity Zone Updates
While visiting Florida, the Secretary of HUD said that "the Opportunity Zone initiative elevates our Nation’s once forgotten communities from economic distress to flourishing areas with new hope and promise."
Read More »The Industry Pulse: Changes at Five Star, ATTOM, Home Point
Get the latest on new hirings and promotions, emerging tech solutions, and more. Here's what's happening in the Industry Pulse.
Read More »Home Point Financial Names Perry Hilzendeger President of Servicing
Home Point Financial, mortgage lenders and servicers, on August 12 announced that Perry Hilzendeger has joined the company as President of Servicing. Hilzendeger is a 30-year veteran in the consumer finance and mortgage industry and will be responsible for leading ...
Read More »RealtyTrac Names Rick Sharga EVP of Marketing
Former Ten-X and Carrington executive Rick Sharga has joined RealtyTrac as its EVP of Marketing. Sharga brings decades of experience in consumer marketing, business development and data operations to the role. ATTOM Data Solutions, foreclosure data licensor and parent company ...
Read More »Record-Breaking Month for Mortgage-Backed Securities at Ginnie Mae
Mortgage-backed securities issuances reached more than $70 billion. Click through to read all the details.
Read More »Will Recent Executive Order on Evictions Protect Homeowners?
President Donald Trump on Saturday signed an executive order he said would protect Americans from eviction, along with other items. While some housing experts and advocates are grateful for the effort, others say the White House could do more. President ...
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