Total bankruptcy filings increased in October on a yearly basis at a rate of 24%. Click through to read an analysis of the latest data. Could it prove an alarm bell for more widespread economic troubles ahead?
Read More »Which U.S. Cities Have the Most Unpaid Mortgages?
On average, it may take U.S. homeowners 30 years to pay off their mortgage. Click through to find the nation’s cities with the most unpaid mortgages and cities that have the most paid-off homes.
Read More »Freddie Mac Reports $2.7B in Q3 Net Income
Delivering solid third quarter earnings while supporting the U.S. housing finance system, Freddie Mac reported net revenues at $5.7 billion, up 10% year-over-year, driven by higher net interest income and non-interest income.
Read More »Zombie Foreclosures Are Still Very Much a Thing
The number of vacant properties sits at well over 1.2 million dwellings amid a serious inventory crunch. Click through to find out what percentage of vacant homes are considered “zombie properties.”
Read More »Illinois Court Rules on Property Taxes & Eminent Domain
The Illinois Supreme Court has reversed the Third District’s holding in a case where a property owner was entitled to a refund for monies it paid for property taxes on land which the government seized in eminent domain proceedings. Click through to read details of the decision.
Read More »Analyzing HUD’s RUSH Disaster Response Program
A new report takes a deeper look at HUD’s Rapid Unsheltered Survivor Housing (RUSH) Program. Click through to read about suggested improvements that should be made before future implementation of the program.
Read More »Cenlar Promotes David Schneider to President
After joining the nationwide mortgage subservicer earlier this year as CFO, former head of CitiMortgage and WaMu Home Loans David Schneider has been named new company President.
Read More »Property Value Uncertainty Pushes Commercial, Multifamily Mortgage Delinquency Rates Upward
The MBA reports that volatile interest rates and stresses on some property markets have increased delinquency rates backed by commercial real estate properties in Q2, trending upward alongside the national residential mortgage delinquency rate.
Read More »Feds Prep Large Financial Institutions to Brace for Climate-Related Risk
The OCC, FDIC, and Federal Reserve have outlined a framework for the safe and sound management of exposure to climate-related financial risks for large financial institutions. Here’s what that means for the industry.
Read More »Freddie Mac Sells $19.1 Million in Non-Performing Loans
In an effort to reduce the size of its retained mortgage portfolio, Freddie Mac has sold 88 non-performing residential first-lien loans as part of the GSE’s Extended Timeline Pool Offering.
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