With the national foreclosure rate hitting its highest level since May 2021, foreclosure starts jumped to 32,900 loans in January.
Read More »FHFA Seeks Input on Eligibility Requirements for GSE Seller/Servicers
Request for input seeks to strengthen, and provide transparency, required capital and liquidity for GSE seller/servicers with different business models.
Read More »Forbearance Activity Begins to Tick Upward
The economic recovery that has occurred since the pandemic began has been nothing short of amazing, but the latest data shows that forbearance activity is beginning to pick up. According to Black Knight’s McDash Flash daily mortgage performance dataset, which ...
Read More »Rents Increase by Double Digits for Sixth Month
The streak continues: as affordability concerns begin to price some buyers out of the purchase market, the latest data from the rental market shows that tenants are experiencing double-digit rent hikes as well. According to Realtor.com’s year-end Monthly Rental Report, December saw rents increase for the sixth month in ...
Read More »HUD Awards $83 Million to Native Communities
As part of the Biden Administrations commitment to deliver equitable COVID-19 relief to tribal communities, the U.S. Department of Housing and Urban Development (HUD) has announced another disbursement of American Rescue Plan funds to 74 Tribal communities totaling $83 million. The awards, which are funded through the Indian Community Block Grants of the American Rescue ...
Read More »Which Housing Markets Are Most at Risk of COVID Impact?
Markets were considered vulnerable based on the percentage of homes facing foreclosure, affordability, equity, and foreclosure reports.
Read More »Practicing Law as a Digital Nomad
The global health crisis spurred the legal field to embrace digital processes out of necessity. Attorney Michelle Garcia Gilbert asks “Where do we go from here?”
Read More »Borrower Defenses 2022
When it comes to foreclosures, what types of legal defenses should be expected? Legal League 100 Chair Stephen M. Hladik details the challenges that lie ahead for servicers and their attorney partners.
Read More »Finding a Path to Resolution
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.
Read More »FHFA Finalizes GSE’s Housing Goals
To meet its goal of supporting equitable access to housing opportunities nationwide, the FHFA has issued its single-family and multi-family housing goals and subgoals for 2022-2024.
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