Forbearance rose to prominence during the COVID-19 pandemic, but does it still have a place in today’s economy? Click through to read commentary from the Joint Center for Housing Studies at Harvard University.
Read More »OCC: Nearly 7,400 New Foreclosures Initiated in Q2
The OCC has issued its findings on the performance of first-lien mortgages in the federal banking system during Q2, as 97.3% of mortgages were found current and performing at the end of the quarter, compared to 97.6% in Q1.
Read More »How Real-Time Policymaking Drives Mortgage Innovation
Dan Sogorka of Sagent explains how regulators pivot in times of crisis to maintain stability in the marketplace, bringing order to chaos and preventing systemic breakdowns.
Read More »Closing the Homeownership Gap
Julia R. Gordon, Assistant Secretary for Housing and Federal Housing Commissioner of HUD, speaks to MortgagePoint about recent changes such as FHA’s mortgage insurance premium reductions, an ongoing commitment to improving IT infrastructure, and how the arc of her career brought her to her current role.
Read More »CFPB Reports on Illegal Fees Levied by Mortgage Servicers
The Bureau’s new Supervisory Highlights report examines ways in which some mortgage servicers have attempted to run-up unlawful fees charged to homeowners.
Read More »Fitch Report: New REO Inventory on the Rise
“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.
Read More »What Kind of Service Can You Expect?
Adel Issa of Carrington Mortgage Services explains how quality mortgage servicing is critical as the housing market shifts.
Read More »CFPB Calls Out Servicers for Violations of the Fair Credit Reporting Act
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.
Read More »HUD Issues Nearly $150M in Supplemental COVID Assistance
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.
Read More »Safe and Sound
Jerry McCoy of LoanCare examines three keys to enabling sound servicing decisions using data-driven technology.
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