Nearly 400,000 American retirees moved their residences during 2020, the highest number in five years. According to a data study by the moving services website HigherAHelper.com analyzing the latest U.S. Census Bureau’s Current Population Survey, the number of relocating retirees ...
Read More »How Are Mortgage Delinquency Rates Changing?
Overall delinquency rates were highest in Hawaii and Nevada. Click through to learn how else the industry landscape has changed according to the latest CoreLogic data.
Read More »Garden State Considers Program to Mitigate High Foreclosure Rates
Funding for the New Jersey programs would come from a new $350 fee collected from purchasers of foreclosed properties at a sheriff’s sale.
Read More »HECM Volume Up 37.5% in 2020
Home Equity Conversion Mortgage (HECM) endorsements were up 15.1% year-over-year in December to 4,097 loans, according to new data from Reverse Market Insight. For calendar year 2020, HECM volume recorded an annualized increase of 37.5% to 44,661 loans. Eight of ...
Read More »Number of Homes for Sale at All-Time Low
San Jose and San Francisco saw the greatest increase in new listings, but here’s how the rest of the market is faring.
Read More »Fannie Mae: Consumer Housing Confidence Update
According to a new report, consumer opinions are shifting when it comes to buying and selling homes. Click through to read the GSE’s findings.
Read More »Forbearance Activity Ended 2020 on a Flat Note
New data published by the Mortgage Bankers Association (MBA) has determined the number of mortgages now in forbearance remained mostly flat at the tail end of December. According to the MBA’s latest Forbearance and Call Volume Survey, 5.53% of servicers’ ...
Read More »Eliminating ‘Redundancy and Inconsistency’ in Nonbank Regulation
A new report published by the Urban Institute’s Housing Finance Policy Center calling for a re-examination of how federal regulators oversee nonbank mortgage servicers. The report, titled “Improving the Safety and Soundness of Nonbank Mortgage Servicers Will Require More Than ...
Read More »FHFA Requests Input on Appraisal Policy Modernization
This latest RFI follows challenges that appraisers have faced over the past year, including the inability to perform on-site inspection during the COVID-19 pandemic.
Read More »CFBP Issues Advice on Special Purpose Credit Programs
The Consumer Financial Protection Bureau (CPFB) issued an advisory opinion related to perceived regulatory uncertainties tied to Regulation B, which implements the Equal Credit Opportunity Act (ECOA) as it applies to certain aspects of special-purpose credit programs (SPCPs). The ECOA ...
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