Distressed sales, including foreclosures and short sales, comprised just 1% of home sales in October 2002 according to new NAR data, down from 2% in September.
Read More »CFPB Calls Out Servicers for Violations of the Fair Credit Reporting Act
In the Bureau’s Fall 2022 report, some mortgage servicers were cited for violations of federal law by charging sizable phone payment fees and for charging consumers fees while they were in CARES Act forbearances.
Read More »The Rising Cost of Mortgage Fraud
A new analysis from LexisNexus examines the increase in costs for originators, servicers and settlement firms related to mortgage-related fraud costs.
Read More »Mortgage Defaults: What We Learned from 2007
Looking ahead, Ventera’s SVP of Financial Solutions publishes new white paper on the forecast for housing defaults.
Read More »Delinquency Rate Finds New Low
“For the second quarter in a row, the mortgage delinquency rate fell to its lowest level since MBA’s survey began in 1979,” said Marina Walsh, MBA’s VP of Industry Analysis.
Read More »Foreclosure Activity Up Nearly 60% Year-Over-Year
However, Rick Sharga, EVP of Market Intelligence at ATTOM, notes that October foreclosure activity was still only “about 59% of pre-pandemic numbers." Click through to learn when he anticipates volumes to reach historically normal levels.
Read More »Rep. Waters Expresses Housing Concerns Over Fed Rate Hikes
In a letter to Federal Reserve Chair Jerome Powell, Rep. Maxine Waters addressed the Fed’s recent rate hikes, the impact on the nation’s housing crisis, and the effects of ongoing inflation.
Read More »Chapter 13 Bankruptcies Post 27% Increase YoY
“With inflation increasing the costs of goods and services, and with interest rates rising, families and businesses have been presented with tough financial decisions,” said ABI Executive Director Amy Quackenboss.
Read More »HUD Earmarks $1.4B-Plus for Disaster Recovery
In a continued commitment to combat the effects of climate change, HUD has allocated $1.447 billion in grants to communities nationwide impacted by natural disasters in 2021.
Read More »NAR Report Finds Fintech Apps Most Impactful Realtor Tools
The latest NAR Tech Survey revealed eSignature, Lockbox, and MLS apps/technology to be the three most effective technology tools for Realtors’ businesses, as nearly half of Realtors believe the metaverse will have a significant impact on real estate.
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