A lawsuit filed by the CFPB and Justice Department alleges that Texas-based developer and lender Colony Ridge targeted and exploited Hispanic borrowers with false statements and predatory loans.
Read More »Seriously Delinquent GSE Loans Drop in Q3
According to the FHFA’s Foreclosure Prevention and Refinance Report for the third quarter, the GSEs’ serious delinquency rate declined at the end of the quarter, with Fannie Mae and Freddie Mac completing more than 43,000 foreclosure prevention actions during Q3.
Read More »HUD Takes Further Action to Close the Digital Divide
By opening a new round of applications, HUD's ConnectHomeUSA program seeks to support additional Department-assisted communities in getting affordable and reliable internet access.
Read More »Report: Equilibrium to Return to Short-Term Rental Market in 2024
According to AirDNA, increased economic stability will boost the short-term rental market in 2024, with demand anticipated to rise by 10.7% year-over-year.
Read More »Report: How Many U.S. Home Mortgages Are Performing?
According to the MBA, the share of mortgage loans in forbearance decreased to 0.26% nationwide in November, with roughly 70% of loan workouts initiated since 2020 classified as current.
Read More »Lawmakers Seek Improved Consumer Protections From CFPB
Sen. Elizabeth Warren and Rep. Hank Johnson are leading a coalition of 90 lawmakers in requesting increased protections by the Bureau on forced arbitration for financial products and services.
Read More »What International Markets Are American Real Estate Investors Targeting?
A new survey of U.S. real estate investors uncovers the top international markets sought after for their beaches, city properties, good healthcare, and safety.
Read More »Cultivating Leadership in the Servicing Sector
James Braxton of Servbank explains how investing in your own workforce will produce better leadership and enhance the overall customer experience.
Read More »Senate Measure Aims to Prevent Sale of Trigger Leads
Sens. Jack Reed and Bill Hagerty have introduced the bipartisan Homebuyers Privacy Protection Act, a bill that would end the sale of residential mortgage applicant information by credit reporting agencies.
Read More »Commercial and Multifamily Mortgage Debt Grows in Q3
MBA reports that a slip in sales transaction and refi volumes has meant less new debt was extended in the third quarter.
Read More »