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 »Dovenmuehle Appoints Patricia McCarthy VP of Insurance Administration
Tapped to oversee Dovenmuehle’s insurance department, 30-year industry vet Patricia McCarthy will bring her experience in managing compliance, mortgage operations, loan processing, and customer service departments to her new role.
Read More »This Year’s Housing Market Continues to Favor Sellers
Five Texas metros topped the top 10 list of best places to purchase a home, according to a new study from WalletHub, which examined the strongest local real-estate markets throughout the U.S.
Read More »Preserving Inheritor Homeownership: Helping Prevent Property Tax Foreclosures
While attaining homeownership remains a challenge for many, a new report from the National Consumer Law Center examines the severe consequences of property tax liens for owners of inherited homes, as well as the steps heirs can take to prevent property tax foreclosures and preserve homeownership.
Read More »Connecticut Court Reconciles Case Involving State’s Mortgage Assistance Program
Attorney Geoffrey K. Milne details a recent case involving the state of Connecticut’s Emergency Mortgage Assistance Program (EMAP), a program intended to assist homeowners in avoiding foreclosure.
Read More »HUD to Assist Victims of Hawaiian Wildfires
The Department has issued federal disaster relief to the state of Hawaii, with nearly 3,100 single- and multifamily residential properties with a combined reconstruction value (RCV) of $1.3 billion located within three preliminary wildfire perimeters on the island of Maui.
Read More »Gauging the Reach of Federal Homeowner Assistance
Five Star’s Legal League has published a white paper detailing how the government’s Homeowner Assistance Fund has provided relief and loss mitigation options for homeowners nationwide during the pandemic.
Read More »Measuring the Success of Borrower Assistance Programs
A new report from Fitch Ratings found that delinquencies remained flat to close out Q4 2022, with successful workout strategies helping more homeowners retain their homes and avoid foreclosure.
Read More »Measuring the Reach of NY’s Foreclosure Abuse Prevention Act
Attorney Rich Haber of McCalla Raymer Leibert Pierce discusses the impact of New York’s Foreclosure Abuse Prevention Act on the industry.
Read More »Does California’s First-Look Law Apply to Servicers or Investors?
Attorneys T. Robert Finlay and Michelle A. Mierzwa discuss California’s SB 2170, a measure that creates a new “First Look” policy for REO properties.
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