A new report from Insurify projects that home insurance premiums are expected to rise 9% in 2023, led by issues with the nation's supply chain and climate change.
Read More »Gearing Up for the Next REO Boom
An upcoming webinar presented by the Five Star Institute and the National REO Brokers Association will examine how prepared the REO industry truly is for a bump in activity, and how to brace your business for a jump in volume.
Read More »Nearly 3% of all U.S. Mortgages Delinquent
CoreLogic reports that U.S. loan performance remains resilient, with delinquencies and foreclosures lingering near record lows, and the national overall delinquency rate increasing slightly from March to April.
Read More »Home Investor Sentiment Remains Positive
As the nationwide housing shortage continues, an analysis of data from New Western has found that 80% of surveyed investors are selling homes at or above the asking price after renovating the properties.
Read More »CFPB Fines Firm for Illegally Processing Unauthorized Mortgage Payments
The Bureau has issued a consent order against ACI, who will pay a $25 million penalty for practices that negatively impacted nearly 500,000 homeowners.
Read More »CMG Financial Names Courtney Thompson EVP, Head of Servicing
Former Sagent and Flagstar executive brings nearly 20 years of industry experience to her new servicing role in building long-term trust with CMG’s clients.
Read More »CFPB: Southern Consumers Facing Higher Interest Rates
The CFPB has issued a pair of reports looking at the state of banking in the Southern United States and found that a lack of local access to banking options can make it harder to get competitive interest rates on mortgages, credit cards, or small business loans.
Read More »Serious Delinquencies Continue to Improve in May
Black Knight reports that during the month of May, past-due mortgages approached recent record lows as the number of borrowers a single payment past due improved by 94,000.
Read More »Mid-June Thunderstorms Bring $8.7B in Property Damage Nationwide
CoreLogic estimates recent thunderstorm activity brought strong straight-line winds and tornadoes, causing substantial damage to property across the U.S., with areas reporting wind speeds in excess of 100 miles per hour and hail greater than four inches in diameter.
Read More »Planet Home Expands Its Servicing Portfolio With $10B MSR Acquisition
Closing this latest MSR deal, Planet Home Lending has increased its overall servicing portfolio to $94 billion and its MSR book by 10.6%.
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