New research from FHLBank San Francisco and the Urban Institute investigates ways to reduce mortgage default risk for vulnerable homeowners by utilizing mortgage reserve accounts that could help homeowners overcome temporary hardships, which would benefit Black families, who are more than twice as likely as white families to lose their home to foreclosure.
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Should a Low Default Rate Mean Change for the Industry?
Are minimal mortgage defaults a sign of health in the industry or could it be a sign that something needs to change?
Read More »LCS Capital Announces Debt Acquisition Options for Consumers
LCS Capital announced that the company has closed on a large credit facility, which allows them to turn consumers' defaulted receivables into ready-to-use capital.
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