Home / (page 4)

Homeowners Drawn to Western States Despite Risk

The historic wildfire season that left thousands of homes destroyed and millions of acres burned in the western states is likely to be reprised in the coming years with increased levels of wildfire destruction, according to a new study released ...

Read More »

Making Forbearance More Effective

Editor's note: This story originally appeared in the November edition of DS News.  Mortgage forbearance is still a reality for many borrowers and servicers, more than six months after the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) took effect on March 27. Under the CARES Act, mortgage ...

Read More »

Housing-Starts Increase ‘May Soon Pause’

The U.S. Census Bureau released its construction statistics for October—which shows permits, starts, and completions—recorded a 4.9% increase in housing starts in October compared to September. Fannie Mae's Chief Economist Doug Duncan points out that the increase was driven by single-family housing ...

Read More »

Smaller-Scale Property Investors Feel Mounting Fiscal Pressure

Smaller-scale landlords report feeling increasing pressure due to the COVID-19 pandemic and related forbearance plans and eviction moratoria. A co-study by Urban Institute and Avail, a platform that periodically surveys its landlords and tenants, showed 35.2% of the surveyed property ...

Read More »

Two Industry Veterans Lead Law Firm’s Expansion

Philadelphia, PA-based Brock & Scott, PLLC announced the expansion of its default law practice into Pennsylvania and New Jersey. Rosemarie Diamond and Jay Jones, two recognized industry veterans with a combined 45-plus years protecting creditors' rights in the states of ...

Read More »

How Servicers Can Assist Struggling Borrowers

Editor's note: This story originally appeared in the November edition of DS News. Steve Bailey, Senior Managing Director and Chief Mortgage Operations Officer at PennyMac Financial Services, Inc.,  has held a variety of roles and responsibilities since joining PennyMac in 2010. He is responsible for ...

Read More »

Will Suburban Migration Continue?

The arrival of the pandemic to America has caused numerous trends to appear in the housing industry, among which include increased demand for housing away from the big cities. A recent report posted by the National Association of Home Builders ...

Read More »

Extensions Account for Most Forbearance Activity

The Mortgage Bankers Association's (MBA) reported this week that the number of loans in forbearance dropped last week, marking the 11th week in a row of decreases. MBA estimates that as of November 8 2.7 million homeowners are in active ...

Read More »

Your Daily Dose of DS News

Get the news you need, when you need it. Subscribe to the Daily Dose of DS News to receive each day’s most important default servicing news and market information, absolutely free of charge.