This year's health and economic crises have challenged the industry, but how did servicers respond when asked how COVID's difficulties compare to those faced by the market during the 2008 financial crisis?
Read More »Fitch Ratings on Servicer Performance: ‘It Showed Resilience’
Bank servicers experienced a modest decline of about 6% in active forbearance agreements as a percentage of all loss mitigation plans while non-bank servicers reported a decline of about 10%—that's one takeaway from the Q3 U.S. RMBS Servicer Metric Report ...
Read More »Best in Legal Guide: McCalla Raymer Leibert Pierce
For the 15th year in a row, DS News is proud to present the annual Black Book directory of default servicing law firms. Today, we bring you a profile of McCalla Raymer Leibert Pierce, LLC.
Read More »DS5: Adjusting to Modern Property Preservation Challenges
In this week’s episode of DS5: Inside the Industry, Joe Iafigliola, CFO of Safeguard Properties, discussed how Safeguard has adjusted to the challenges of the past year, and what he expects the property preservation sector to look like in coming ...
Read More »How Are Mortgage Delinquency Rates Changing?
Overall delinquency rates were highest in Hawaii and Nevada. Click through to learn how else the industry landscape has changed according to the latest CoreLogic data.
Read More »Garden State Considers Program to Mitigate High Foreclosure Rates
Funding for the New Jersey programs would come from a new $350 fee collected from purchasers of foreclosed properties at a sheriff’s sale.
Read More »What Will Housing Trends Look Like After COVID-19 Vaccines?
Expect the housing market in 2021 to "settle somewhere in between where we were before COVID and where we were during COVID," says Danielle Hale, Chief Economist for Realtor.com's recent article entitled, "How the Rollout of COVID-19 Vaccines Could Help, ...
Read More »More Americans Turning Toward Rural Residential Living
A new Gallup poll shows an increase in Americans desiring to set up home in the country rather than suburbs or cities. Here’s how the data breaks down.
Read More »How the Pandemic Impacted Interest in SFR Investing
All manner of the economy and industry has changed as a result of the COVID-19 crisis. A January article in Architectural Digest explores how the pandemic inadvertently has prompted an increasing interest in single-family rental investing. Interest rates in 2020 ...
Read More »HECM Volume Up 37.5% in 2020
Home Equity Conversion Mortgage (HECM) endorsements were up 15.1% year-over-year in December to 4,097 loans, according to new data from Reverse Market Insight. For calendar year 2020, HECM volume recorded an annualized increase of 37.5% to 44,661 loans. Eight of ...
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