Improvements made by HSBC to its servicing operations over the last few years have led the Office of the Comptroller of the Currency to terminate the consent order against the bank originally issued in 2011.
Read More »Borrowers are Getting Back Into the Black
The number of homeowners in negative equity dropped to its lowest level in a decade and the amount of available home equity rose to its highest level since before the recession.
Read More »Market Changes Could Further Crimp Affordability
Buying is more economical than renting a home in many markets across the United States, but how long will that be the case?
Read More »Maintaining a Positive Relationship with Borrowers During Foreclosure
The mortgage and servicing industry may be on the steady road to recovery, but servicers themselves are under intense pressure from investors and regulators to ensure a positive consumer experience.
Read More »Cash Sales, Distressed Sales, and REO Sales, Oh My…
The most recent look into nontraditional sales by CoreLogic showed the shares of cash and distressed sales in the overall U.S. housing market are furthering their slow march back toward pre-recession norms.
Read More »Didn’t Like October’s Foreclosure Spike? Here’s Good News…
October's foreclosure data seems to be an anomaly, as the latest ATTOM Data Solutions Foreclosure Data shows the decline in foreclosure levels is back and lower than ever.
Read More »‘Low Inventory’ Defined 2016 Housing
In a year’s-end look at the U.S. housing market, Trulia found that no other issue dictated the course and nature of market as much as a lack of places to buy.
Read More »Mortgage Delinquency Climbs Higher in Q2
High mortgage delinquency rates and high mortgages in the New York region’s metro areas continued to bog down the New York Federal Reserve Bank in the second quarter.
Read More »Freddie Mac’s Income Swings Back Up
Freddie Mac’s Q2 net income, most of which will send to the U.S. Treasury, is a major recovery from its Q1 net loss.
Read More »New Post-HAMP Relief Solutions Proposed
CFPB has proposed a set of consumer protection principles to guide mortgage servicers, investors, government housing agencies, and policymakers as they develop new foreclosure relief solutions.
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