REO

Home equity could be ‘viable solution to ease debt pressures,’ experts say as mortgage balances nationwide grew in the third quarter according to TransUnion.

Get to know the new head of the PPEF, a group that brings together leadership from the nation’s largest property preservation companies to promote best practices in the field services industry and develop solutions for the challenges that face it.

In a move to exemplify the best qualities of their company and workforce, Cenlar has named two new directors and three leaders in the upper echelons of its inner workings.

A six-month pause in foreclosures will extend protections to at-risk veterans until its VA Servicing Purchase program is effective and available to provide assistance to VA borrowers in financial distress.

With factors ranging from low volumes to inflation and manpower shortages putting the squeeze on the property preservation and field services sectors, MortgagePoint speaks to the vendors, government agencies, and GSEs trying to guide this important industry through the challenges it faces.

Rob Barber, CEO at ATTOM Data, said, “It’s evident that challenges in the housing market persist. While we anticipate a likely decline in the coming months due to the holiday season and other seasonal patterns, we do foresee a continued uptick in 2024 as foreclosure filings make their way through the pipeline.”

Mortgage servicing proved to be a bright spot for independent mortgage banks in Q3, as roughly half of the companies MBA polled stayed profitable in the quarter, thanks to their production and servicing business lines.

Following a collaborative onboarding and integration cycle, this new partnership expands on an existing correspondent relationship to a strategic servicing partnership.

In its Annual Report to Congress for fiscal year 2023, the FHA detailed the work of its single-family mortgage insurance programs in fiscal year 2023, including updates on credit access, capital in the MMI Fund, and delinquency rates of mortgages in its portfolio.

An update to allowable inspection fees will increase compensation for inspections that determine a property’s occupancy status and safeguard neighborhoods from blight arising from inadequately maintained unoccupied homes.