Archives For: Industry Updates
CFPB: Kraninger Marks First Year as Director of the Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) issued a news release highlighting the one year anniversary of Director Kathleen L. Kraninger leading the bureau.
10 Dec 2019
Top 10 States with Longest Foreclosure Timeline
ATTOM Data Solutions published an article discussing results from its recent U.S. Foreclosure Market Report.
6 Dec 2019
Freddie Mac: Reining in Reverse Occupancy
Freddie Mac published an article exploring reverse occupancy misrepresentation. Potential indicators associated with this type of fraudulent behavior are highlighted for servicer/lender reference.
3 Dec 2019
Better Predicting Mortgage Default
DS News published an article outlining a recent report from Fitch Ratings that explores mortgage default and identifies metrics that can be used to determine its likelihood.
2 Dec 2019
New York City to Combat the Problem of ‘Zombie Homes’
Curbed published an article exploring actions taken in New York designed to address issues stemming from vacant and abandoned properties, foreclosure, homelessness and an affordability crisis.
25 Nov 2019
Group Looks to Reduce Number of Abandoned ‘Zombie’ Homes
The Spokane Journal of Business published an article highlighting the efforts of a coalition of local professionals determined to reduce the number of Spokane, Wash., zombie properties. Other options currently being explored by the city (foreclosure registry, land bank) also are discussed.
21 Nov 2019
CFPB: Report Explores Differences Between Large and Small Mortgage Servicers
The Consumer Financial Protection Bureau (CFPB) issued a report examining the differences between large and small mortgage servicers. The report explores the role servicers of different sizes play in the mortgage market where size is defined by the number of loans serviced.
21 Nov 2019
Freddie Mac: FHLMC Guide Bulletin 2019-24: Updates to Mortgage Insurance Master Policies
Freddie Mac announced changes to its approved mortgage insurers'(MI) master policies, endorsements and other forms that were last updated in 2014.
20 Nov 2019
Federal Reserve Bank of Atlanta: Foreclosure Externalities and Vacant Property Registration Ordinances
The Federal Reserve Bank of Atlanta published a white paper that tests the effectiveness of vacant property registration ordinances (VPROs) in reducing negative externalities from foreclosures.
19 Nov 2019
Freddie Mac: FHLMC Guide Bulletin 2019-23: Updates on Servicing Gateway
Freddie Mac issued a release announcing updates related to flood insurance, resale restrictions and right of first refusal, reimbursment of legal fees and costs, and the Freddie Mac Servicing Gateway.
13 Nov 2019