California-based US Real Estate Services, Inc. (USRES), provider of default management and portfolio services, announced today that Garrett Mays has been promoted to VP of Valuations and Vendor Management. Mays oversees the daily operations of the valuation department and manages ...
Read More »Updates on Statewide Foreclosure and Eviction Moratoria
The COVID-19 pandemic has been the impetus for federal foreclosure prevention measures. Many states also have taken their own measures. The legal-news site JDSupra has provided a summary of the most-recent statewide foreclosure and eviction moratoria updates. Its updates specifically ...
Read More »Mortgage Industry Professionals Discuss 2021’s Anticipated Challenges
Innovating and ‘nimbly’ incorporating new technologies, managing denser workflow, and dealing with the eventual end of foreclosure moratoria and forbearance plans topped the list of topics on day one of the National Property Preservation Conference.
Read More »Occupancy Fraud Risk Rises in Q3, Other Segments Decrease
Overall, mortgage fraud risk in Q3 declined, however purchase applications revealed a 6% risk increase since Q2. The one fraud type segment to increase since last year is occupancy fraud. This intel comes from the latest CoreLogic Mortgage Fraud Report. ...
Read More »Should CFPB Reorganize ‘Just Weeks Before an Election’?
U.S. Sen. Sherrod Brown (D-Ohio), the ranking member of the Senate Committee on Banking, Housing, and Urban Affairs, has called on Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger to delay the proposed reorganization of the agency’s Division of Supervision, ...
Read More »FHFA Strategy Focuses on Post-Conservatorship Years
The Federal Housing Finance Agency (FHFA) has released an updated strategic plan that envisioned a path for ending the conservatorships of Fannie Mae and Freddie Mac that have been in place since September 2008. According to a statement issued by ...
Read More »Why Are Americans Putting Off Selling Their Homes?
The competition among homebuyers is intense and home prices have been soaring in recent months. The cause of this heated competition and rising prices is the short supply of homes for sale. This lack of inventory has been prevalent across ...
Read More »Minority Households Disproportionately Feel Recession-Related Pain
Even after many months of housing-related policy intervention, including eviction and foreclosure bans at both state and federal levels, people and neighborhoods of color continue to suffer disproportionately from COVID-19 fallout—this is backed by a report from Urban Institute research ...
Read More »Fintech Vs. Traditional Lending Risks
Fintech reportedly is allowing lenders to close on mortgage loans faster than in the past, and, especially as the market shifts increasingly digital, all signs point to its growth in mortgage lending. Researchers have found fintech lenders tend to take ...
Read More »10 Cities with the Most Financial Distress from COVID-19
As businesses across the country are reopening and unemployment rates begin to creep back up, there is no doubt that there are still plenty of people struggling. The coronavirus pandemic has taken a massive financial toll on Americans, but some ...
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