On Thursday, Altisource will host a DS News webinar titled “A Step Ahead: Advances in FHA Modeling.” According to Altisource's “State of the Servicer Industry” report, 86% of servicing professionals surveyed work on servicing FHA loans, and 72% said they expect their FHA loan portfolio to increase over the next 12-24 months. DS News and Altisource present a deep dive into the topic of modeling and servicing FHA loans, featuring insights from subject-matter experts representing BSI Financial, RoundPoint Mortgage Servicing, Equator, and LoanCare.
Additionally, this week will see the Senate Committee on Banking, Housing, and Urban Affairs hold a hearing on GSE Reform, after the Treasury Department has released its plan to reform the housing finance system.
According to the department, the Treasury Housing Reform Plan consists of a series of recommended legislative administrative reforms aimed to “protect American taxpayers against future bailouts,” preserve the 30-year-fixed-rate mortgage, and help guide Americans toward the path to homeownership.
“The Trump Administration is committed to promoting much needed reforms to the housing finance system that will protect taxpayers and help Americans who want to buy a home,” said U.S. Treasury Secretary Steven T. Mnuchin in a release by the department. “An effective and efficient Federal housing finance system will also meaningfully contribute to the continued economic growth under this Administration.”
Here's what's happening in the Week Ahead:
Banking, Housing, and Urban Affairs Hearing on GSE Reform (Sept. 10)
Banking Committee Hearing (Sep. 12)