An upcoming webinar will explain how non-QM products may be the right fit for “out of the box” borrowers, but proper diligence is key to getting these borrowers into the home of their dreams.
Read More »Servicers Brace for Rise in Foreclosure Activity
Mortgage servicers polled in a new report expect 23% of seriously delinquent mortgages to complete foreclosure over the next year, with pandemic backlog and regulatory intervention having the biggest impact on foreclosure volume.
Read More »Moving Into the Eye of the Storm
Redfin reports homebuyers are relocating to climate risky areas, despite intensifying natural disasters, as homes with high fire and flood risk sold for a premium during the pandemic.
Read More »House Passes Act to Expand Wildfire Insurance Coverage
House passage of new measure includes legislation to study the impact of wildfires, and explore more ways to protect homeowners.
Read More »Institutional Investment in SFR Properties on the Rise
Development of new build-to-rent homes has soared in 2022 compared to 2021, as the industry is projected to surpass 2021’s record-high 7,705 deliveries.
Read More »Fannie Mae Recognized for Disability Inclusion
For the third consecutive year, the GSE earns the top score in establishing an environment where employees with disabilities have the opportunity to thrive.
Read More »Ginnie Mae Seeking Feedback on Manufactured Housing Program
As a means to increase the nation’s supply of affordable housing, Ginnie Mae is seeking public comment on how its Manufactured Housing Program could boost inventory.
Read More »CFPB and DOJ Reach Agreement With Trident Mortgage Over ECOA Violations
Settlement with mortgage lender for $22 million-plus marks the first redlining settlement that the CFPB and DOJ has reached with a non-bank entity.
Read More »A Housing Market ‘Grappling With a Mounting Affordability Crisis’
CoreLogic S&P Case-Shiller Index reports higher mortgage rates and recessionary concerns are taking a toll on buyer demand, as growth eased slightly in May from the pace of the prior two months.
Read More »Freddie Mac Taps Former Santander Exec to Lead Compliance Efforts
GSE adds 20-plus year compliance veteran Dennis Hermonstyne Jr. to oversee risk management for the company’s legal, regulatory, and conservatorship obligations.
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