A new analysis from Redfin has found that investors are selling homes nationwide at a loss, as elevated mortgage rates have curtailed homebuyer demand.
Read More »200,000+ Forced to Move Due to Evictions, Foreclosures in 2022
A new study has found that eviction/foreclosure-related moves rose 56% from 2021 to 2022, with California, Florida, and Massachusetts experiencing the highest increases.
Read More »FHFA Seeks Comment on Fair Housing and Fair Lending Oversight
FHFA expects this rulemaking to provide increased public transparency and greater oversight and accountability of the regulated entities’ fair housing and fair lending compliance.
Read More »Q1 Foreclosure Activity Trends Upward
Spurred by rising unemployment, ATTOM has found that U.S. foreclosure filings climbed 22% year-over-year in the first quarter of 2023.
Read More »Cenlar Taps Theodore Mugnier to Lead Cybersecurity Efforts
Former U.S. Marine joins mortgage subservicer, responsible for the cybersecurity team and emerging risk to ensure that Cenlar continues to remain compliant.
Read More »Measuring the Cost of Real Estate Wire Fraud
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.
Read More »Number of GSE Loans in Forbearance Continues to Drop
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.
Read More »HUD Earmarks Nearly $3B in Funding to Eliminate Homelessness
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.
Read More »CBC Taps Alicia Wood as Director of Servicing and Asset Management
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.
Read More »Rents Slowly Returning to Pre-Pandemic Levels
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.
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