Default Servicing

A new federal program is aimed at helping local governments carry out hazard mitigation projects in a major step toward protecting American infrastructure against disaster.

The MBA reports the share of mortgage loans in forbearance has fallen to 0.33% nationwide in August, just eight basis points shy of where the rate was in March 2020 at the outset of the pandemic.

At this week’s Five Star Conference & Expo in Dallas, the Institute will name the 2023 winner of the Laurie A. Maggiano Legacy Award for leaving an indelible impact on the industry, and having a positive influence on homeownership.

Citing deteriorating conditions in the bond market, declines in commercial real estate, and losses in the leveraged lending market, Sen. Elizabeth Warren voiced her concern over risks to the banking system due to rate hikes by the Federal Reserve.

Five finalists have been nominated for the Five Star Institute’s Corporate Social Responsibility Award, execs who are driving charitable initiatives, and will be honored at the upcoming Women in Housing Awards in Dallas.

The Five Star Institute will recognize the achievements of remarkable businesswomen working to expand homeownership, especially for first-time homeowners, with its Keys in Hand Award, part of the upcoming 12th Annual Women in Housing Leadership Awards event.

Professors at Princeton University have found that a modest adjustment to eviction filing costs had a “clear and powerful effect” in the study, especially in majority-Black neighborhoods. 

August 2023’s Foreclosure Market Report, curated by ATTOM Data, showed that there was a total of 33,952 residential real estate properties with foreclosure filings against them, a number that jumped 7% from July but decreased by 2% year-over-year.

New deal enables Midwest-based community bank to offer real-time mortgage servicing through Sagent’s configurable tech offerings to adapt to evolving customer and regulatory requirements in real-time.

Attorney R. Keith Ustler explains how a new Florida summary judgment standard makes a summary judgment motion an essential step in any litigation.