Former U.S. Marine joins mortgage subservicer, responsible for the cybersecurity team and emerging risk to ensure that Cenlar continues to remain compliant.

A new report from CertifID has found that homebuyers’ and sellers’ wire transactions are rapidly being targeted by cybercriminals, with in excess of $106,000 as the average wire loss in consumer recovery cases.

The MBA reports that pandemic-related loss mitigation options have pushed forbearance levels lower, as mortgage performance remains strong with post-forbearance workouts increasing in March.

To further the Biden Administration’s commitment to addressing the nation’s homelessness crisis, HUD has issued $2.8 billion in Continuum of Care Competition Awards for thousands of local homeless service and housing programs across the U.S.

In this newly created role, Alicia Wood will be tasked with administering CBC’s entire loan servicing operation and responsible for servicing oversight and loss mitigation activity on all first and second mortgages, as well as agency and investor reporting.

Redfin reports the median U.S. asking rent fell 0.4% year-over-year to $1,937 in March 2023—the first annual decline since March 2020.

The Senate Banking Committee will conduct a Nomination Hearing for two key roles within HUD, as both Solomon Jeffrey Greene and David Uejio take the stand before the Committee.

The Department’s Choice Neighborhoods Implementation Grants will assist in the redevelopment of severely distressed HUD-assisted properties into mixed-income communities nationwide.

Mortgage subservicer has appointed Marlon Groen as its new Chief Compliance Officer, and has promoted Jennifer Rowen to the role of SVP, Core Operations.

Redfin reports that demand for vacation homes is down more than 50% from pre-pandemic levels, as the number of people locking in mortgages for second homes dropped to its lowest level since 2016 in February.