Reports show that the housing market is at its most competitive since the Great Depression, as low rates are not enough to force prospective homebuyers to overpay for a home.
Read More »Forbearances Drop for Fifth Consecutive Week
With approximately 2.5 million Americans currently in forbearance plans, a new report notes that the total loans in forbearance dropped to 4.9% of total volume, marking a five-week decline.
Read More »Mother Nature Impacting Housing Relocation Choices
Natural disasters, extreme temperatures, and sea-level changes are playing a greater role in homeowner’s choice for relocation.
Read More »Rates and Prices Pushing Affordability Out of Reach
Near-record-low rates alone are not enough to drive down the prospect of homeownership, as 15-year home price highs are pushing more Americans out of the market.
Read More »Prepping for Regulatory Climate Change
Here’s how mortgage servicers should be preparing and prioritizing in an environment of shifting priorities, policies, and protocol.
Read More »CFPB Proposes Plan to Avoid Foreclosure Surge
The CFPB is suggesting a number of ways for the nation’s servicers to deal with a potential windfall of foreclosures as nearly 2.5 million homeowners prepare to exit forbearance plans.
Read More »How Distressed Disposition Can Heal, Not Harm
Editor's note: This article appears in the April 2021 edition of DS News, available here. The number of mortgages in active forbearance in the first week of February fell below 2.7 million for the first time in 10 months, another ...
Read More »Record-Fast Home Sales Reflect Various Market Trends
Considering recent reports revealing just how competitive one must be to purchase a home in most parts of the country it should come as little surprise that Redfin just reported that homes today are selling faster than any time in recorded home-selling history. Redfin ...
Read More »The Week Ahead: Tech to Aid in the Servicing Surge
On Wednesday, April 7, the latest in the DS News Webinar Series, “How Rapidly Changing Technology Can Benefit Your Operations,” will be presented by a panel of experts in the tech sector. Set for 1:00 p.m.-2:00 p.m. CDT, the Speridian Technologies-sponsored Webinar will examine the latest tech trends and how they ...
Read More »CFPB Instructs Servicers to Prepare for Forbearance Expirations
The Consumer Financial Protection Bureau (CFPB) issued a warning to servicers to prepare for an onslaught of distressed homeowners come summertime, or as moratoria expire. This is the second CFPB notice in a week to indicate the bureau is aggressively ...
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