Loss Mitigation

The Department’s Proposed Rule would revise regulations governing floodplain management and the protection of wetlands to implement the Federal Flood Risk Management Standard.

The GSE transfers a combined $926 million of mortgage credit risk to private insurers and reinsurers in its latest two CIRTs as it continues to reduce taxpayer risk by increasing the role of private capital in the mortgage market.

According to Black Knight’s “First Look” at February 2023 data, the spike was “driven by a nearly 65K increase in those just a single payment behind.” Click through to see what the data looks like for prepayments, foreclosure starts, and more.

The Five Star Institute, in partnership with Boston National Title, will present the latest in its Webinar Series, focusing on vendor products, performance, and pricing in a post-pandemic world.

Former President and COO of Mr. Cooper and C-suite executive tapped to lead the management of all operational aspects for the mortgage servicer.

At the Low Income Housing Forum, Treasury Department Deputy Secretary Adeyemo reports that nearly 10.8 million Emergency Rental Assistance payments have been made to keep families in their homes.

The MBA reports that servicers’ portfolio volume in February dropped four basis points to 0.60% month-over-month, as approximately 300,000 homeowners nationwide remain in forbearance plans.

Five Star’s inaugural REO Connect event will serve as a hub for industry professionals committed to making the REO process profitable, efficient, and effective at eliminating blight from neighborhoods nationwide.

To better serve areas impacted by weather-related disasters, HUD forms new office focused on disaster recovery, with an injection of $3.3 billion in funding to help communities across the country recover and rebuild.

During the pandemic, an estimated 3.2 million foreclosure starts were prevented, along with the completion of approximately 1.5 million foreclosures.