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Daily Dose

Possible Solutions for Borrowers Unable to Make Payments

urban, city, housing, homes, community

Based on its recent research and panel discussions, the Urban Institute on Friday published "Three Ways to Help 3.2 Million Struggling Homeowners." The Institute has discovered that while some 3.7 million homeowners, as of November, had resumed mortgage payments and ...

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Rental Investors Take Interest in Tiny Homes

Tiny houses are not new, but COVID-19 and resultant lifestyle changes are making the movement more popular, according to IPX1031, a Fidelity National Financial Company blog, which conducted a survey of 2,000 Americans to understand how likely they would be ...

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Foreclosures May Be Subject to ‘Drastic Changes’ Next Year

In the latest episode of DS5’s Inside the Industry, we’re speaking with Elizabeth Squires, Director of Client Account Management at Safeguard Properties. She discusses the impact COVID-19 has had on the property preservation sector and foreclosure volumes. Squires also speaks about what challenges 2021 may ...

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CFPB Finalizes Two QM Mortgage Loan Rules

The Consumer Financial Protection Bureau (CFPB) has issued two final rules related to qualified mortgage (QM) loans. The first final rule, the General QM Final Rule, replaces the current requirement for General QM loans that the consumer’s debt-to-income ratio (DTI) ...

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‘Potentially Concerning’ Forbearance Activity

Plan Strategy

Active forbearance volume decreased by 12,000 for the seven-day period ending December 8, according to new data released by Black Knight Inc. However, forbearance volume increased by 21,000 on a month-over-month measurement, which represented the first monthly increase since the ...

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The Week Ahead: Understanding Eviction and Foreclosure Moratoria

Community Solutions and the National Low Income Housing Coalition (NLIHC) host a complimentary webinar Wednesday, December 16 from  2-3:30 pm CT, entitled, "Preventing Housing Instability During COVID-19: Understanding Eviction Moratoriums and Rental Assistance." The organizers say the event will be held in ...

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AMDC Member Company Recognized With Diversity Award

Seven mortgage bankers are being recognized as leaders in inclusion and diversity efforts. Yearly, the Mortgage Bankers Association (MBA) spotlights companies that are outstanding in areas of organizational diversity and inclusion-and-outreach strategies. Five Star Global's American Mortgage Diversity Council (AMDC) ...

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The American Dream of Homeownership is ‘Very Much Alive’

Sarah Paynter, a real estate reporter at Yahoo Finance, The Real Deal, and Newsday, moderated a homeownership demographics-focused panel at Thursday's NAR Real Estate Forecast Summit: Post-Election Outlook.  Guests on the panel included Rodney Harrell, VP of Family, Home, and ...

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Strong Price Growth Creates Record-Level Property Equity

It seems COVID-19 and its economic toll hasn’t managed to crimp the housing industry as home prices parachute unabated and home equity grows, according to a report from CoreLogic.com. Between Q3 2019 and Q3 2020, cumulative equity gains hit $1 trillion, ...

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