Legal issues, including compliance, defaults, and the government and service sector perspectives were the topics of discussion at the Five Star Legal League 100 Fall Summit.
Read More »Florida Court Rules on Foreclosure Judgement, Deficiency With Complaint
The Chair of the Legal League 100 provides insights into a recent ruling that has implications for financial services attorneys in the Sunshine State.
Read More »Biggest Challenges for Servicers of COVID-Related Forbearances
Editor's note: This piece originally appeared in the September 2020 issue of DS News, out now. Courtney Thompson joined Flagstar in 2014, bringing marked litigation, advisory, and consulting experience to her role. Thompson manages the direction, the strategy, and the ...
Read More »Where Zombie Properties Are Accumulating
A new report indicated that 1.6 percent of all homes in the U.S. are vacant, numbering 1,570,265 residential properties, with 7,960 or 3.7% of those vacant properties in the process of foreclosure, otherwise known as “zombie foreclosures.” That is according ...
Read More »Tracking Hurricane Laura’s Impact on Homeowners
With the storm having made landfall Thursday with winds estimated at 150 mph, the industry is mobilizing to assist impacted homeowners, but challenges such as insurance gaps will complicate that recovery.
Read More »10 Places Most Affected By Delinquencies
A number of metros in seven states are under enhanced siege by a percolating number of FHA delinquencies, jeopardizing homeowners and neighborhoods, according the AEI.org. A cocktail of factors place them at pronounced risk. They include, a large FHA portfolio ...
Read More »FHFA and FHA Extend Foreclosure, REO Eviction Moratoriums
FHFA Director Mark Calabria said the changes would help "keep borrowers in their homes during the pandemic" and protect "more than 28 million homeowners with an Enterprise-backed mortgage."
Read More »FHFA Announces Extension for Buying Qualified Loans in Forbearance
The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend buying qualified loans in forbearance as well as several loan origination flexibilities. To support homeowners and mortgage lenders, the agency approved a continued extension ...
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 »How Many Mortgages Are Now in Forbearance?
The ongoing COVID-19 pandemic and expiration of expanded unemployment benefits continue to represent significant uncertainty for the weeks ahead, according to researchers.
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