ATTOM's latest Residential Property Mortgage Origination Report showed purchase lending led the way in Q2, spiking nearly 30%, while overall refinance and home equity activity also rose after eight straight quarterly declines.
Read More »Foreclosure Volume Expected to Rise to Close Out 2023
A new report from Auction.com found that more than 90% of default servicing industry experts polled expect foreclosure volume to rise in 2023 compared to 2022, with the state of the nation’s economy having the biggest impact on overall volume.
Read More »Hurricane Idalia Threatens 800K+ Homes Along Florida’s Gulf Coast Region
According to CoreLogic, Hurricane Idalia could damage more than 800,000 homes along the Gulf Coast area of Florida with a reconstruction cost value of approximately $238.4 billion, as storm surge heights are anticipated to rise to more than 15-feet.
Read More »Rep. Waters Expresses Concern Over AI Usage in Housing
In a letter to GAO Comptroller General Eugene Dodaro, Rep. Maxine Waters calls for an investigation into artificial intelligence and proptech in the housing space as a possible barrier to fair and affordable housing opportunities.
Read More »Bayview Launches New Insurance Asset Management Division
Bayview’s new insurance asset management business will be led by Chief Investment Officer Nancy Mueller Handal, who will bring her leadership in expanding Bayview beyond its traditional focus on corporate credit.
Read More »Nearly Three Million Americans Displaced by Extreme Weather in 2022
In a new study, analysts evaluate the relocation patterns of homeowners hit by natural disasters over the past year, as more than 500,000 of those displaced have relocated due to these weather events.
Read More »Fitch Spotlights RMBS Delinquency Trends, Borrower Assistance Impacts
According to the Fitch Ratings, loan portfolio delinquencies modestly improved for the fifth consecutive quarter. Click through to read the latest data and info on the impact of borrower assistance programs in Q1 2023.
Read More »Xome Joins Forces With Plunk on New AI-Powered Analytic Tools
Partnership will provide real estate investors with property valuation and predictive remodel analytics tools to analyze the remodel potential of listed properties.
Read More »Nearly 70% of Borrowers in Forbearance Cite Pandemic-Related Hardships
The share of mortgage loans in forbearance fell to 0.39% of servicers’ portfolio volume in July, as the MBA reported that nearly two-thirds of borrowers still in forbearance were due to the effects of COVID-19.
Read More »Florida Bankruptcy Court Establishes ‘Safe Harbor’ Flat Fee in Chapter 13 Proceedings
The Southern District of Florida has adopted new guidelines establishing a flat fee of $525 for attorneys representing secured creditors in Chapter 13 proceedings.
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