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Opinion: Forbearance Will Not Lead to a Huge Wave of Foreclosures
Most homeowners in forbearance have sufficient equity in their homes, and there will not be a huge wave of foreclosures like following the housing bubble.
8 Sep 2021
BLS Releases Job Openings and Labor Turnover Summary
The U.S. Bureau of Labor Statistics has released its Job Openings and Labor Turnover Summary Report for July 2021.
8 Sep 2021
CFPB Sues LendUp Loans, LLC for Deceiving Borrowers
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit in federal district court accusing LendUp Loans, LLC of violating a 2016 consent order and deceiving borrowers.
8 Sep 2021
FEMA Declared Disaster North Carolina Remnants of Tropical Storm Fred
FEMA issued a Presidential Major Disaster Declaration for areas in North Carolina affected by tropical storm Fred that took place August 16-18, 2021.
8 Sep 2021
Various States Ease COVID-19 Consumer Protections
An update of state and federal actions for COVID-19 related moratoriums, including California, DC, Illinois, Maryland, New Jersey, New York, Ohio and Virginia.
7 Sep 2021
Wall Street is Funding Fixer-Upper Houses
Wall Street has made a mountain of money available to house flippers, and selling move-in-ready rehabs has rarely been easier. The challenge is finding beat-up and out-of-date properties that can be renovated and resold for a profit.
7 Sep 2021
Forbearance Volume Tails Off on Strength of August Jobs Report
The latest Forbearance and Call Volume Survey from the MBA has found that the total number of loans now in forbearance decreased by two basis points from 3.25% of servicers’ portfolio volume in the prior week to 3.23%.
7 Sep 2021
FEMA Declared Disaster Nebraska Severe Storms and Straight-line Winds
FEMA issued a Disaster Declaration for areas in Nebraska affected by severe storms and straight-line winds that took place July 9-10, 2021.
6 Sep 2021
FEMA Declared Disasters New Jersey and New York Remnants of Hurricane Ida
FEMA issued a Presidential Major Disaster Declaration for areas in New York and New Jersey affected by remnants of Hurricane Ida that took place May 17-21, 2021.
5 Sep 2021
New York Issues Temporary Ban on Evictions
The state of New York issued a temporary ban on evictions and foreclosures that will continue through January 15, 2022.
2 Sep 2021
FEMA Declared Disaster Areas due to Remnants of Hurricane Ida
FEMA Declared Disaster in areas of New York and all counties in New Jersey due to Remnants of Hurricane Ida.
2 Sep 2021
Boston Issues Eviction Moratorium, Citing COVID-19
Boston declared a moratorium on evictions in the city on Tuesday and is working to set up a $5 million fund to prevent foreclosures.
1 Sep 2021
Memphis Tennessee Utilizes Emergency Rental Assistance Program
Memphis Judges extend cases in order to allow Memphis Area Legal Services attorneys to help tenants start applications for rental aid.
1 Sep 2021
Fannie Mae July 2021 Monthly Summary
Per Fannie Mae, overall serious delinquency for conventional single family loans is 1.94% in July 2021 vs 2.08% last month and 3.24% a year ago.
31 Aug 2021
Freddie Mac July 2021 Monthly Summary
Per Freddie Mac, overall delinquencies for single family loans is 1.74% in July 2021, vs 1.86% last month and 3.12% a year ago.
31 Aug 2021
FEMA Declared Disaster Mississippi and Louisiana Hurricane Ida
FEMA announced federal emergency aid has been made available in Louisiana and Southern Counties of Mississippi to supplement local response efforts.
30 Aug 2021