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.
Read More »Robert Howerton Named CIO of Dovenmuehle Mortgage
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.
Read More »CFPB Proposes the Removal of Medical Bills From Credit Reports
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.
Read More »Freddie Mac Sells $586 Million in Non-Performing Residential Loans
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.
Read More »REO Forum Closes Out Successful 2023 Five Star Conference
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.
Read More »The Week Ahead: Capitol Hill Analyzes Flood Insurance
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.
Read More »HUD Expedites Aid to Hurricane Idalia Victims in Florida
The Department issues 29 waivers to help communities in Florida hasten rehabilitation and reconstruction from the extensive damage caused by Hurricane Idalia.
Read More »Single-Family Rents Experience 15th Consecutive Month of Deceleration
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.
Read More »Q2 Home Flipping Activity Dips as Profits Rise Nationwide
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.
Read More »CFPB Issues Lender Guidance on AI-Related Credit Denials
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.
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