Archives For: Industry Update
The CFPB Intends to Identify Ways to Simplify and Streamline the Existing Mortgage Servicing Rules
The CFPB intends to identify ways to simplify and streamline the existing mortgage servicing rules as they play a critical role in assisting homeowners with repayment.
15 Jun 2023
FHA Launches New Resources to Remove Language Barriers for Borrowers
The Federal Housing Administration (FHA) is making available in Chinese, Korean, Spanish, Tagalog, and Vietnamese more than 30 single family mortgage documents and related resources used in the origination of FHA-insured mortgages.
13 Jun 2023
U.S. Foreclosure Activity Sees Spike in May 2023
ATTOM, a leading curator of land, property, and real estate data, today released its May 2023 U.S. Foreclosure Market Report, which shows there were a total of 35,196 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 7 percent from a month ago and up 14 percent from a year ago.
8 Jun 2023
Freddie Mac Adds Affordable Housing Program for Native Americans
Freddie Mac launched a new mortgage product titled HeritageOne to support members of Native American communities.
8 Jun 2023
Zombie Foreclosures Keep Increasing but Remain a Tiny Presence Around Most of U.S.
ATTOM released its 2nd-quarter 2023 Vacant Property and Zombie Foreclosure Report showing that approximately 1.3 million residential properties in the US are vacant.
24 May 2023
Mixed Economic News Shows Rise in Mortgage Delinquencies, but Big Drop in Foreclosures
Black Knight reported the national mortgage delinquency rate rose by 13% in April, while foreclosure starts saw a decrease of 23%.
24 May 2023
Freddie Mac Expands Digital Capabilities to Help Lenders Reach More Qualified Borrowers
Freddie Mac announced enhancements to its automated income assessment tool that allows lenders to include a borrower’s digital paystub data.
22 May 2023
FHFA Looks to Update Fannie Mae and Freddie Mac’s Single-Family Pricing
FHFA is requesting public feedback regarding Fannie Mae and Freddie Mac’s single-family pricing framework.
17 May 2023
Share of Mortgage Loans in Forbearance Decreases to .51% in April
The MBA monthly Loan Monitoring Survey revealed that the total number of loans in forbearance has decreased from .55% in March to .51% in April.
15 May 2023
Mortgage Delinquency Rate in First-Quarter 2023 Declines to Second-Lowest Level in MBA’s Survey
MBA reported that the delinquency rate for mortgage loans on one-to-four-unit residential properties reached the second lowest quarterly rate since MBA’s survey began in 1979.
11 May 2023