As a means to increase the nation’s supply of affordable housing, Ginnie Mae is seeking public comment on how its Manufactured Housing Program could boost inventory.
Read More »Case Spotlights Potential Exploitation of Bankruptcy Process
A recent decision by a Kentucky Bankruptcy Court dismissed a debtor’s Chapter 13 case after several attempts to take advantage of the bankruptcy process.
Read More »J.D. Power Survey Spotlights Importance of Customer Trust in Servicers
According to the redesigned J.D. Power 2022 U.S. Mortgage Servicer Satisfaction Study released today, customer satisfaction suffers when there is a lack of trust in the servicer. As a recession seems increasingly likely and mortgage loan delinquencies are on the ...
Read More »ATTOM Makes Big Move, Selling RealtyTrac & HomeFacts
ATTOM Data, a curator of nationwide real estate data for land and property, has announced that it has sold two of its subsidiaries to Nations Info in addition to signing a multi-year agreement to become an ATTOM data licensing customer. ...
Read More »Lenders Prioritizing Cost-Cutting Measures
As inflation rises, more families and businesses are tightening their budgets and taking cost-cutting measures to create a little more breathing room—and according to the latest survey, this includes mortgage lenders. Continuing a quarterly survey of mortgage executives that initially ...
Read More »Fewer Homeowners Repairing, Maintaining Homes
A new report found that many lower-income homeowners who make repairs rely on government assistance repair programs for emergency, structural, plumbing, electrical, mechanical, and replacement needs.
Read More »Pending Home Sales Retreated in All Four Major Regions
According to the National Association of Realtors, pending home sales decreased in June, following a slight increase in May. All four major regions posted month-over-month and year-over-year pullbacks, the largest of which occurred in the West. The Pending Home Sales ...
Read More »CFPB and DOJ Reach Agreement With Trident Mortgage Over ECOA Violations
Settlement with mortgage lender for $22 million-plus marks the first redlining settlement that the CFPB and DOJ has reached with a non-bank entity.
Read More »HUD Makes New Effort Pushing Energy-Savings Upgrades
As energy prices climb, much like everything else recently, the Biden Administration announced through the Department of Housing and Urban Development (HUD) that new measures are being put in place to help families served by HUD go green and install solar ...
Read More »Fed Increases Interest Rate by 75 Basis Points
On March 14-15, 2020, the Federal Reserve’s Federal Open Market Committee (FOMC) held an emergency meeting in light of the then-blossoming pandemic to cut rates by a 100 basis points to a rate of 0-0.25%. But now, in light of ...
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