The U.S. Department of the Treasury, HUD, and FHFA released a white paper designed to guide future loss mitigation and reflect on the lessons learned from the implementation of these housing recovery programs.
Read More »The Week Ahead: Vacancy Rates Treading Water
National vacancies rates held steady across the country during Q1, and the data for Q2 will be released on Thursday. Will vacancy rates rise or fall in the second quarter?
Read More »New York AG Fights Against Zombie Foreclosures
Vacant and abandoned properties are a growing problem nationwide. In New York, one of the states hit hardest by the foreclosure crisis, the Attorney General wants to do something about it.
Read More »Yes We Kaine: Virginia Senator is Clinton’s Pick
Democratic Presidential Nominee Hillary Clinton has ended months of speculation with her selection of Sen. Tim Kaine of Virginia. As a former fair housing attorney, Kaine is passionate about housing policy.
Read More »Mortgage Debt-to-GDP Ratio Will Start Turning North
Mortgage debt’s share of total GDP experienced frequent growth culminating in the housing bubble peak and consequently, has been on a steep decline since the bubble burst. The good news is decline has been slowing in recent quarters.
Read More »Counsel’s Corner: Are Loan Mod Lawsuits Just Stall Tactics?
David G. Marowske recently spoke with DS News about cases in which borrowers are trying to force servicers into accepting a loan modification.
Read More »Ready, Set, Bid! Competition Heats Up in June
In June 2016 the fastest, most competitive housing market was witnessed since 2009, according to a report from Redfin.
Read More »Clearing Foreclosure Backlog Shrinks Distressed Sales
Distressed sales represented 6 percent of home sales in June, but as foreclosures decline further and the economy improves, the distressed sales share will likely decline further in the coming year, according to one economist.
Read More »Economists Doubt Fed Will Act Before Election
Fed policymakers had originally forecasted four rate hikes for 2016 at the start of the year following December’s historic liftoff. Now economists believe if a rate hike occurs at all, it will not be until after the election.
Read More »Freddie Mac Resumes Whole Loan Securities Risk-Sharing
Freddie Mac announced the pricing of its third “Freddie Mac Whole Loan Securities (WLS)”, which totaled to roughly $348 million of guaranteed senior and non-guaranteed subordinate actual loss securities.
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