A recent webinar discussed implementation of Section 1071 of the Dodd-Frank Act, a measure requiring financial institutions to collect and report data on small business loans, and how the industry is prepping for this new rule.
Read More »CFPB: Southern Consumers Facing Higher Interest Rates
The CFPB has issued a pair of reports looking at the state of banking in the Southern United States and found that a lack of local access to banking options can make it harder to get competitive interest rates on mortgages, credit cards, or small business loans.
Read More »HUD Establishes Independent Office of Manufactured Housing
HUD’s new office will administer the Department’s Manufactured Home Construction and Safety Standards, a code that establishes standards for the design and construction of manufactured homes to assure quality, durability, safety, and affordability.
Read More »Serious Delinquencies Continue to Improve in May
Black Knight reports that during the month of May, past-due mortgages approached recent record lows as the number of borrowers a single payment past due improved by 94,000.
Read More »Mid-June Thunderstorms Bring $8.7B in Property Damage Nationwide
CoreLogic estimates recent thunderstorm activity brought strong straight-line winds and tornadoes, causing substantial damage to property across the U.S., with areas reporting wind speeds in excess of 100 miles per hour and hail greater than four inches in diameter.
Read More »Flippers Accounted for 9% of Q1 Home Sales Nationwide
ATTOM has found that nearly 73,000 single-family homes and condominiums in the nation were flipped in Q1 2023, hitting the second-highest mark for home flippers this century.
Read More »Planet Home Expands Its Servicing Portfolio With $10B MSR Acquisition
Closing this latest MSR deal, Planet Home Lending has increased its overall servicing portfolio to $94 billion and its MSR book by 10.6%.
Read More »Servicers’ Forbearance Volume Dips to Three-Year-Low
The MBA reports nationwide forbearance volume has reached levels not seen since March 2020, attributed to a strong jobs market and the array of loss mitigation options introduced since that time.
Read More »OCC Measures Key Risks Impacting the Banking System
After closely monitoring the condition of the institutions it supervises throughout the market stress this spring, a new report from the OCC examines how financial institutions have managed risk and restored confidence in the banking system in Q1.
Read More »Cenlar Names David C. Schneider EVP and CFO
Cenlar places 35-plus year veteran in role to handle all financial planning, treasury activities, taxes, insurance, real estate and property management, and vendor relationships.
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