Archives For: Industry Updates
HUD Homes More Likely to be in Floodplains
Repossessed homes sold by the Department of Housing and Urban Development between 2017 and 2020 were almost 75 times more likely to be in federally designated floodplains than other homes sold during that timeframe.
13 Sep 2021
DOL Releases Unemployment Insurance Weekly Claims
The U.S. Department of Labor has released its Unemployment Insurance Weekly Claims update for the week ending September 4.
9 Sep 2021
Companies Purchasing Residential Real Estate Hits an All-Time High
Soaring home prices and rents are fueling real estate companies’ appetite for houses, adding unwelcome competition for many would-be homebuyers.
9 Sep 2021
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
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 The challenge is finding beat-up and out-of-date properties that can be renovated and resold for a profit.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
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