As COVID-19 foreclosure and eviction stays lapse in New York, Mikelle V. Bliss and Margaret J. Cascino of McGlinchey Stafford explain what servicers and landlords operating in the Empire State need to know.
Read More »Federal Reserve Increases Interest Rates
The Federal Reserve raised the nominal interest rate on Wednesday, for the first time since 2018, citing factors such as surging inflation and the growing military conflict in Ukraine.
Read More »Most Valuable Company Profile: Get to Know Claims Recovery Financial Services
Celebrating 20 years of operations, CRFS discusses its operations as it continues to navigate the post-default segment of the residential mortgage industry.
Read More »PHH Mortgage Partners With the NAACP to Assist Struggling Homeowners
Joining forces on more than 50 events, the NAACP and mortgage servicer to host virtual and live outreach sessions to help homeowners in need.
Read More »Rising to the Occasion
From regulatory scrutiny to the changing needs and preferences of borrowers, mortgage servicers have a lot on their plate in 2022. A pair of recent Five Star webinars examined the best ways forward.
Read More »Fitch: RMBS Servicers Largely Weathered the Pandemic
Thirty-two of the 40 Fitch-rated RMBS firms have received “stable” ratings since being downgraded at the onset of the pandemic.
Read More »Foreclosure Starts Jump Sevenfold
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 ...
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