Tag Archives: CARES act

“While loan portfolio delinquencies for Fitch-rated bank and non-bank servicers were stable for the third consecutive quarter, the impact of four consecutive quarters of new foreclosure filings post-moratoria is now being felt in new REO volume,” said Fitch Director Richard Koch.

Adel Issa of Carrington Mortgage Services explains how quality mortgage servicing is critical as the housing market shifts.

In the Bureau’s Fall 2022 report, some mortgage servicers were cited for violations of federal law by charging sizable phone payment fees and for charging consumers fees while they were in CARES Act forbearances.

Owners of properties participating in multifamily-assisted housing programs can now apply for reimbursement of costs for property improvements and other measures taken to protect residents from pandemic-related issues.

Jerry McCoy of LoanCare examines three keys to enabling sound servicing decisions using data-driven technology.

The Consumer Financial Protection Bureau (CFPB) is asking for public input on ways to spur new mortgage products that help households. The CFPB seeks insights on ways to improve mortgage refinances for homeowners who would benefit from refinancing, especially for ...

The past 24-plus months have confronted the mortgage and servicing industries with challenges both daunting and immediate. DS News polled a cross-section of industry experts on what they’ve learned and where we go from here.

MBA reports the overall forbearance rate in June nearly plateaued, with just a four-basis-point month-over-month decline, as approximately 405,000 homeowners in the U.S. remain in forbearance plans.

Some borrowers exiting forbearance are turning to Chapter 13 bankruptcy to save their homes. Attorney Alan S. Wolf explains why forbearance doesn’t always play well with bankruptcy.

Subject-matter experts who attended this year’s Five Star Conference break down the trends and challenges they are facing as we approach 2022.