Attorney Adam Diaz discusses a recent case where a settlement, although signed by the attorneys for both parties, was not signed by either of their clients.
Read More »The Week Ahead: What Lies Ahead for Loss Mitigation
An upcoming Urban Institute event will spotlight loss mitigation tools and how they have kept borrowers in their homes while dealing with hardships.
Read More »On the State of Black Homeownership
The National Association of Real Estate Brokers has released its “State of Housing in Black America Report,” which aims to provide a comprehensive annual analysis of Black homeownership and the historic barriers they face when seeking to purchase a home.
Read More »FHA Issues Forward and Reverse Loan Limits for 2023
Keeping in line with the steep increase of housing prices nationwide, the FHA has set forth its Single-Family Title II forward and Home Equity Conversion Mortgage loan limits for the upcoming calendar year.
Read More »FHFA Announces Revised Deemed-Issuance Ratio for 2023
In accordance with IRS guidelines on the trading of Uniform Mortgage-Backed Securities, the FHFA’s deemed-issuance-ratio for the new year will be set to 53% for Fannie Mae and 47% for Freddie Mac.
Read More »HUD Seeks to Expand Homeownership for Native American Families
A new HUD proposed rule aims to increase homeownership opportunities for Native American families by providing a federal guarantee on qualifying loans in the event of default.
Read More »PHH Mortgage Names New Default Servicing SVP
Michael Keaton joins PHH Mortgage Corporation as its new SVP of Default Subservicing.
Read More »Comptroller of Currency Opens New Fintech Office
The Office of the Comptroller of the Currency is opening a new Financial Technology office to add expertise to the department, allowing them to better adapt to modern markets.
Read More »No Housing Market Relief in Sight for Aspiring Homeowners
According to Realtor.com's 2023 Housing Forecast, homebuyers will face home price increases throughout the nation’s 100 largest U.S. markets in 2023. However, those who can afford to purchase a home will find more available inventory than in 2021.
Read More »Pending Home Sales Dip for Fifth Consecutive Month
After experiencing a near 5% monthly drop in pending October sales, NAR reported the near-20-year high in mortgage rates and expensive home prices forced many prospective buyers to the sidelines.
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