The ever present “zombie property” now represents one in just 78 units as the Vacant Property and Zombie Foreclosure from ATTOM Data showed that there were 1,277,162 properties sitting vacant across the country during the third quarter of 2022. This ...
Read More »First Mortgage Default Rate Up Four Basis Points
Credit rating agency Experian, along with the S&P Dow Jones Indices, has released its latest monthly iteration of its Consumer Credit Default Indices Report for July 2022 which aims to represent a “comprehensive” measure of changes in consumer credit default ...
Read More »In Pursuit of a National Loss Mit Signing Solution
An upcoming Five Star Institute webinar will discuss the implementation of a national digital signing platform, built to satisfy servicer, investor, borrower, and state requirements nationwide.
Read More »Have Forbearances ‘Reached a Floor?’
The number of homeowners in forbearance plans has dropped by 35,000 month-over-month, however the number of those entering and exiting Fannie Mae, Freddie Mac, and Ginnie Mae loans is nearly equal for these loan types.
Read More »How Economic Indicators Are Impacting Delinquency Rates, Foreclosures
Delinquency rates hit an all-time low during the second quarter of 2022 finally settling at a seasonally adjusted rate of 3.64% of all outstanding residential loans according to the latest iteration of the National Delinquency Survey published by the Mortgage ...
Read More »Cenlar Appoints Four to Its Default Management Team
Mortgage loan subservicer adds veterans Adam Saab, Adam Wood, Jason Schmidt, and Jessica Sharp to bolster its default management operations.
Read More »Home Insurance Prices Up Across the Board, Rising Faster than Inflation
Based on a Policygenius study of 8,698 active home insurance policies quoted for renewal between May 2021 and May 2022, home insurance prices are rising at a faster rate than inflation, as costs are up nationwide since last year. According ...
Read More »Unexpected Lessons Learned From COVID-19 Data
The pandemic certainly tested the housing industry, but as Alex Kudman and Srijan Sareen of Enact Mortgage Insurance explain, the data collected provided what was needed to make the correct decisions to better serve borrowers undergoing hardships.
Read More »Cissy Yang to Join Fannie Mae as Chief Audit Executive
Twenty-five-plus-year audit executive to join GSE to monitor key risks assessments, and replace the retiring J. Douglas Watt, Fannie Mae's current SVP and Chief Audit Executive.
Read More »Mortgage Delinquency Data Update
CoreLogic has released the latest iteration of its monthly Loan Performance Insights Report for May 2022. According to CoreLogic, the total delinquency rate fell to 2.7% of all loans, reflecting all loans that were in some stage of delinquency. This ...
Read More »