Not the Great Recession 2.0, but a critical challenge for default servicers.
Read More »1.2 Million Mortgagers Fear Losing Their Homes
More than a million mortgagers in a recent survey said they fear they are at risk of eviction or foreclosure or being forced to move in the next 30 days. Mortgage Bankers Association's (MBA) Research Institute for Housing America (RIHA) ...
Read More »Fannie Mae: Consumer Confidence is Up
During the first month of 2021, consumers reported a significantly more positive view of home-selling conditions over the previous month — that component of the Fannie Mae Home Purchase Sentiment Index (HPSI) jumped 16 percentage points on net. The other five ...
Read More »Increased Migration Leads to Shrinking Supply and More Competition
The percentage of homeowners moving from one popular metro to another is up, reducing inventory, bringing up the cost of homes, and making it difficult to move locally.
Read More »The Week Ahead: COVID-19 Impact on Compliance Concerns
A new SitusAMC webinar will examine how pandemic-spurred adoption of digital technology is creating new compliance challenges. Here's what else is happening in The Week Ahead.
Read More »Forbearance Activity Drops as Plans Expire
While last week's numbers seem encouraging, the experts say that improvement largely continues to be limited.
Read More »Should ‘Living Will’ Rule Apply to GSEs?
The FHFA calls it a necessary step toward Fannie Mae and Freddie Mac's fiscally responsible exit from government oversight, but a former Freddie executive disagrees.
Read More »Bankruptcy Filings Hit 15-Year Low
January experienced the lowest monthly number of new bankruptcy filings across all chapters since February 2006 (26,617 filings) with only 32,298 filings, according to a press release from Epiq, a tech-enabled provider of intel to the legal services industry and corporations, released its January 2021 ...
Read More »Banking Committee Approves Marcia Fudge’s Nomination to be HUD Secretary
The Senate Committee on Banking, Housing, and Urban Affairs voted 17-7 in favor of Marcia Fudge's nomination as Secretary of Housing and Urban Development (HUD). The committee held Fudge's confirmation hearing last week, on January 28, 2021. Committee Chair Senator ...
Read More »Is the Economy Stuck in Neutral?
There’s a low demand for capital investment due to many factors, which has more or less neutralized the economy. In fact, the neutral rate of interest is at a historic low, and it doesn’t look like it will increase any ...
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