Jane Mason of Clarifire discusses the traditional mindset that mortgage servicers either need to buy technology or build it themselves, a thought process that has handcuffed the industry’s digital growth.
Read More »CFPB Study Finds Nationwide Financial Health Weakened Post-Pandemic
According to a new CFPB survey, more families are having difficulty paying their bills in 2022 than in 2021, while Black, Hispanic, and low-income households are far more likely to have difficulty paying bills and debts.
Read More »Inventory of Unsold Existing Homes Retreats for Fourth Consecutive Month
According to the National Association of Realtors, all four major U.S. regions analyzed recorded month-over-month and year-over-year declines in existing home sales.
Read More »FHFA Finalizes GSE Rule on New Products
Government-sponsored enterprises Fannie Mae and Freddie Mac are now required to provide advance notice to the Federal Housing Finance Agency before offering new products.
Read More »FHFA Publishes Q3 Foreclosure Prevention and Refinance Report
According to the FHFA’s Q3 2022 Foreclosure Prevention and Refinance Report, the Enterprises completed 69,362 foreclosure prevention actions within the quarter, helping troubled homeowners nationwide to stay in their homes.
Read More »HUD Seeks Public Input on Allocation of Disaster Recovery Funds
Two new Requests for Information from HUD mark the first time the Department has solicited comments on how to equitably distribute critical disaster recovery funds.
Read More »Q2 Critical Defect Rate up 6%
ACES Quality Management has released the findings of its latest Industry Trends Report for the second quarter of 2022, which found that the overall critical defect rate increased 6% compared to Q1 and crossed the 2% threshold for the third time in report history.
Read More »WF to Pay $3.7B in Fines and Restitution
Wells Fargo has been ordered by the Consumer Financial Protection Bureau to pay $2 billion in restitution and $1.7 billion in fines. Click through to read the details, as well as the bank’s official statement.
Read More »Rental Price Growth Slows for Sixth Consecutive Month
CoreLogic reports that the Miami metro region continued to lead the nation in rent price growth in October, posting nearly double the national increase.
Read More »Returning to a More Balanced Market?
"Sellers and buyers are each able to negotiate, with neither having a built-in upper hand," said Nick Bailey, RE/MAX President and CEO, "...but it seems like the market is shaking off the last vestiges of the 2021 overheating. Balance seems to be returning—as it usually does."
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