Default Servicing

In a letter to Mike Johnson, Speaker of the United States House of Representatives, 11 housing organizations have issued a letter to Congress to extend the authority of the NFIP by ensuring other vital housing programs do not lapse on November 17.

As hedge funds are invested more within the REO market, a growing demand for skilled agents is necessary, and an upcoming course presented by Five Star’s FORCE group will tap into this growing market.

The MBA reports mortgage delinquencies tracked closely with the nationwide unemployment rate in Q3, with an uptick in delinquencies across all loan types–with FHA’s portfolio experiencing the largest year-over-year increase.

With U.S. Bank's Timika Scott serving as the organization's first Chairperson, the MSEA will include committees focused on advancing advocacy and education related to specific sectors of the industry, including Government & Industry Relations, Community Relations, Communication & Planning, and Cultural Affairs.

Attorney Lisa Woodburn details a recent Florida case where a property owners association was awarded nearly $90,000 for delinquent assessments, interest, late charges, costs, and attorneys’ fees.

The Bureau has issued a new analysis on state Community Reinvestment Act laws, examining affirmative lending, service delivery, and investment obligations by mortgage companies and deposit-taking institutions. Read the details after the link.

In an effort to assist borrowers impacted by Maui’s August wildfires, mortgage servicers will be prohibited from initiating or completing foreclosure actions through May 6, 2024.

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?

The FHA has proposed changes to the Home Equity Conversion Mortgage Program geared toward improving program stability and to adapt to changing market conditions. Full details after the link.

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.