A new study compiled by a financial researcher at The University of Texas at Austin has determined that mortgage fraud was far more prevalent than previously known during the 2007-2009 financial crisis. The study by John Griffin, a finance professor ...
Read More »Real Estate Fund Designates $1 Billion to Communities of Color
The Los Angeles-based real estate fund SoLa Impact has rolled out the Black Impact Fund, a $1 billion initiative focused on communities of color with major urban markets. The new fund consists of a $500 million Opportunity Zone Fund and ...
Read More »Most Americans Don’t Fully Understand Their Homeowner’s Insurance Policy
While a home insurance policy is a must-have for any residential property owner, more than a few homeowners lack a proper understanding of what their policies cover. According to a new published nationwide survey by Plymouth Rock Home Assurance that ...
Read More »Freddie Mac: Single-Family Delinquencies Down
The latest monthly volume report from Freddie Mac found a growing mortgage portfolio and a declining level of single-family delinquencies. Freddie Mac reported that its entire mortgage portfolio totaled $137.2 billion in October, an annualized rate of 25.7%. One year ...
Read More »‘Slow Down in Exits’ Means Increased Overall Forbearance Activity
The total number of loans in forbearance took a slight uptick in the latest data from the Mortgage Bankers Association's (MBA) Forbearance and Call Volume Survey. As of Nov. 15, loans in forbearance accounted for 5.48% of servicers’ portfolio volume, ...
Read More »Revisiting Regulations for Nonbank Mortgage Lenders
Federal Reserve Governor Michelle Bowman last week suggested revisiting the regulatory framework that defines how nonbank mortgage lenders operate. Speaking via webcast to the 2020 Financial Stability Conference hosted by the Federal Reserve Bank of Cleveland and the Office of ...
Read More »Could Fed Policy Inadvertently Disrupt the Housing Market?
The seeming disconnect between the economic tumult created by the COVID-19 pandemic and the record-high levels for the Dow Jones Industrial Average and the S&P 500 Index can be explained when held up against the performance of the mortgage market, ...
Read More »Forbearances vs. Natural Disasters: Lessons in Damage Mitigation
The forbearance rate during the early part of the COVID-19 pandemic was roughly identical to the rate recorded during the devastating 2017 hurricane season that ravaged regions throughout the Gulf Coast and Atlantic Coast, according to new research published by ...
Read More »Homeowners Drawn to Western States Despite Risk
The historic wildfire season that left thousands of homes destroyed and millions of acres burned in the western states is likely to be reprised in the coming years with increased levels of wildfire destruction, according to a new study released ...
Read More »Households ‘Reasonably Well-Positioned’ to Handle Economic Downturn
The near-future state of the U.S. economy is predicated on how policymakers and the public respond to the increasing number of COVID-19 cases, according to the latest commentary from the Fannie Mae Economic and Strategic Research (ESR) Group. The ESR ...
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