While investors in mortgage-backed securities could be negatively impacted, sources from within several major banks defended the use of a loophole that could generate strong profits.
Read More »‘Online Buyers’ Contribute to Growing Home Sales
Following challenges related to low inventory, home prices are bouncing back. The report reflects the “remarkable recovery” of the housing in the eye of the pandemic.
Read More »FHFA: Forbearance Plans Dominated May Foreclosure-Prevention Actions
The FHFA’s latest Foreclosure Prevention and Refinance Report breaks down the state of the landscape as we approached this summer, including delinquency rates, short sales, and other data.
Read More »Industry Pulse: Compliance Technology Advancements and New Office Expansions
One company announced the addition of a "cutting-edge" compliance module, while a title company adds a new Chicago location in order to "support clients closer to home."
Read More »Single-Family Rent Prices Further Slow in June
The U.S. single-family home rent prices in June continued the path downward, spiking 1.4% year over year for the month, representing a deep decline from the year before. Furthermore, it was the lowest growth rate since May 2010, according to ...
Read More »FHA to Extend Foreclosure & Eviction Ban
This extends the ban until next year and covers the roughly 8.1 million homeowners with single-family mortgages insured by the FHA.
Read More »Mortgage Forbearance Pandemic Trends—Six Things to Know
The mortgage forbearance option in the March 2020 Coronavirus Aid, Relief, and Economic Security (CARES) Act offered relief to millions of homeowners during the COVID-19 pandemic. The 33.4 million with federally backed mortgages can request from their servicers a forbearance plan (with far less documentation of financial hardship than is usually required) allowing them to delay ...
Read More »‘Clouds on the Horizon’ for Mortgage Delinquencies
The nation's overall delinquency rate for May reached its highest level since February 2014, according to the latest Loan Performance Insights report published by CoreLogic. During May, 7.3% of mortgages were delinquent by at least 30 days or more. The ...
Read More »California Moving Forward With State-Level CFPB
California legislators are pushing for the formation of a new watchdog agency to protect consumers from bad loans by “predatory lenders.” California Assembly member Monique Limón told National Public Radio (NPR) that since the COVID outbreak, consumer complaints about financial wrongdoing in her state are ...
Read More »Fannie Mae Economist: When Will Economy Bounce Back?
According to the latest commentary from the Fannie Mae Economic and Strategic Research Group, America’s economy is surprisingly poised to bounce back in the coming quarter. Although the U.S. economy experienced a setback in the second quarter, contracting by 32.9% ...
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