Archives For: Industry Updates
Forbearance Requests and Re-entries Increase as Exits Hits Record Low
Mortgage Bankers Association reports that more homeowners have requested to extend or re-enter forbearance in January, with exits at record low.
23 Feb 2022
Fannie Mae Recognizes 29 Mortgage Servicers for Industry Excellence
Fannie Mae announced the 2021 Servicer Total Achievement and Rewards™ (STAR™) Program results, which recognized 29 mortgage servicers for competency, capacity, and overall performance.
17 Feb 2022
Cook County Land Bank Authority Program Celebrates 1000th Renovated Home
Cook County officials celebrated a milestone Wednesday morning on the West Side with the 1,000th renovated home as part of a county-run program.
16 Feb 2022
Freddie Mac Announces 2021 SHARP Award Winners
Freddie Mac announced the nine winners of its 2021 Servicer Honors and Rewards Program, which annually recognizes mortgage loan Servicers for quality servicing, risk management and sustaining homeownership resulting in superior portfolio performance.
15 Feb 2022
Acting Comptroller of the Currency Launches Project REACh Efforts in Detroit
Acting Comptroller of the Currency Michael J. Hsu today joined civic leaders, community advocates, and bankers to launch Detroit REACh.
15 Feb 2022
Freddie Mac Announces Direct Deposit Assessment Tool
Freddie Mac has announced a new, automated tool that will allow lenders to assess an applicant’s income that is paid through direct deposit.
15 Feb 2022
FHFA Requests Input on its Strategic Plan
The Federal Housing Finance Agency (FHFA) has released a draft of its strategic plan for 2022-2026 and is requesting input on the plan from the general public.
14 Feb 2022
Ginnie Mae Streamlining Documentation Requirements
In an All-Participants Memorandum, Ginnie Mae issued streamlined documentation requirements for FHA advance loan modifications.
14 Feb 2022
Reading Administration wants to Charge Fee for Vacant Properties
Reading City Council heard a proposed plan Monday from the city administration that recommends all vacant homes be charged a registration fee.
14 Feb 2022
Foreclosure Filings Spike After CFPB Restrictions Expire
January 2022 U.S. Foreclosure Market Report shows foreclosure filings were up 29% from a month ago and up 139% from a year ago.
11 Feb 2022