Loss Mitigation

The OCC has issued its findings on the performance of first-lien mortgages in the federal banking system during Q2, as 97.3% of mortgages were found current and performing at the end of the quarter, compared to 97.6% in Q1.

Former VP of Infrastructure at Mr. Cooper brings 20-plus years of experience to his new role as CIO, where he will manage, maintain, and expand the company’s IT infrastructure.

Proposals are being considered by the Bureau to help end coercive debt collection tactics, clean up inaccurate data, and improve credit score predictiveness by erasing medical bills from Americans’ credit reports.

The GSE has announced the sale, via auction, of more than 3,500 non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio as part of Freddie Mac’s Standard Pool Offerings.

Asset managers and industry stakeholders took part in a forum at the Five Star Conference & Expo in Dallas to discuss shifts in the REO marketplace, and how to overcome hurdles the industry may face in the coming months.

Set to expire September 30, FEMA’s National Flood Insurance Program provides flood insurance to millions of U.S. property owners, renters, and businesses, yet it is in jeopardy of not being reauthorized or amended by Congress.

The Department issues 29 waivers to help communities in Florida hasten rehabilitation and reconstruction from the extensive damage caused by Hurricane Idalia.

While U.S. single-family rents posted 3.1% year-over-year growth in July, representing the 15th consecutive month of deceleration, numbers are still in line with pre-pandemic trends, according to a new report from Redfin.

Property flippers in the second quarter reported an average gross profit of $66,500 according to ATTOM, with the average time it took to flip a home in the quarter rising to 178 days.

In an effort to make the intersection of fair lending and technology a priority, the CFPB has issued guidance on how lenders must issue consumers accurate and specific reasons for credit denials when utilizing artificial intelligence.