The updates streamline several standard operational requirements for mortgage servicers so that they can more quickly offer effective home retention options to borrowers in danger of foreclosure.
Read More »Swift Sales Further Deplete Inventory
Authors of a new market research report say record-fast sales equal a constantly thinner range of options for buyers to consider, far more competition, and more.
Read More »Next Stage of Economic Recovery Will Be ‘Unprecedented’
Economists say there are many uncertainties to consider when forecasting the country's fiscal rebound, especially within the housing sector.
Read More »HUD Allocates $5B to Create Affordable Housing
U.S. Department of Housing and Urban Development (HUD) will allocate about $5 billion in American Rescue Plan funds to create affordable housing and provide services for those facing homelessness. HUD Secretary Marcia L. Fudge delivered the news during a Zoom ...
Read More »New Bankruptcies Hit 1-Year High in March
However, experts anticipate a return to pre-pandemic levels of filings as a result of the vaccination roll-out and corresponding economic recovery.
Read More »CFPB Instructs Servicers to Prepare for Forbearance Expirations
The Consumer Financial Protection Bureau (CFPB) issued a warning to servicers to prepare for an onslaught of distressed homeowners come summertime, or as moratoria expire. This is the second CFPB notice in a week to indicate the bureau is aggressively ...
Read More »How Property Owners Can Prepare Financially for a Tornado
A staggering number of tornadoes in America over the past decade has resulted in billions of dollars in property damage, which could be especially nerve-wracking for certain homeowners during the spring, since April, May, and June typically see the most ...
Read More »Examining FHFA’s Commitment to Diversity
Minority representation in FHFA’s workforce is gaining a foothold, according to a report from Fhfa.gov. The workforce swelled from 241 minority employees in 2016 to 286 last year—a surge that’s also reflected across FHFA’s top six mission-critical occupations, from 37.0% in ...
Read More »HUD’s Fair Housing Month Theme: ‘More Than Just Words’
Fifty-three years after the passage of the Fair Housing Act, the U.S. Department of Housing and Urban Development reaffirms its commitment to advancing equity in housing.
Read More »HUD Reports on Health of Mutual Mortgage Insurance Fund
The Department has no near-term plans to change FHA’s mortgage insurance premium pricing. Secretary Marcia Fudge discusses that and more.
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