It has not been since 1986 that so few Americans have filed for bankruptcy. Legal services firm Epiq recently released both its December 2020 and annual bankruptcy filing statistics from its bankruptcy information services business, AACER—it showed 2020 had the ...
Read More »Despite Improvement, Home Values Lag for Communities of Color
As home prices reach pre-recession levels, the value gap between communities of color and the typical American home remains pronounced, but the disparity is shrinking, according to a Zillow.com study. For Black- and Latinx-owned homes, values have long lagged behind ...
Read More »Eliminating ‘Redundancy and Inconsistency’ in Nonbank Regulation
A new report published by the Urban Institute’s Housing Finance Policy Center calling for a re-examination of how federal regulators oversee nonbank mortgage servicers. The report, titled “Improving the Safety and Soundness of Nonbank Mortgage Servicers Will Require More Than ...
Read More »Forbearance Plan Removals Could Increase in January
A report shows forbearance activity at the highest level since early November, but nearly 270,000 forbearance plans are set to expire this week.
Read More »FHFA Requests Input on Appraisal Policy Modernization
This latest RFI follows challenges that appraisers have faced over the past year, including the inability to perform on-site inspection during the COVID-19 pandemic.
Read More »Stimulus and Moratoria Extensions: The Need for Long-Term Solutions
Analysts suggest the incoming administration would do best to re-focus future efforts toward assisting landlords and mortgage holders rather than providing further moratoria extensions.
Read More »Unprecedented Equity Could Help Prevent ‘Foreclosure Tsunami’
Efforts at federal and local levels to help homeowners into forbearance rather than foreclosure have been enormously effective, according to economists, but the uncertainty and temporary nature of those protections leave the market at risk of a possible wave of ...
Read More »Homes in Large Cities Are Less Affordable Than Ever
The American Dream of homeownership is becoming more cost-prohibitive than ever, especially in the country's largest and most in-demand cities, according to Point2. And the researchers there don't expect the situation to improve anytime soon. While mortgage rates have been historically low, ...
Read More »The Trends Homeowners and Buyers Can Expect Next Year
This year has been an intense one for all industries, but the housing market has managed to come out on top. As 2021 draws nearer, Zillow offers some key trend predictions that could lead to shifts in the market next ...
Read More »CFBP Issues Advice on Special Purpose Credit Programs
The Consumer Financial Protection Bureau (CPFB) issued an advisory opinion related to perceived regulatory uncertainties tied to Regulation B, which implements the Equal Credit Opportunity Act (ECOA) as it applies to certain aspects of special-purpose credit programs (SPCPs). The ECOA ...
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