Archives For: Industry Update
Black Knight: Early Stage Mortgage Delinquencies Increased in February
According to Black Knight’s First Look Report, 3.45% of all U.S. mortgages were delinquent in February, an increase of 1.96% compared to January 2023.
27 Mar 2023
Share of Mortgage Loans in Forbearance Decreases to .60% in February
The MBA monthly Loan Monitoring Survey revealed that the forbearance rate fell across all investor types in February.
20 Mar 2023
Mortgage Giant Fannie Mae Tackles Climate Risk, but Changes to Underwriting May Take Several Years
Fannie Mae looks to incorporate climate risk into its underwriting practices to account for climate change.
20 Mar 2023
HUD Restores “Discriminatory Effects” Rule
HUD has announced plans to rescind the 2020 Fair Housing Act rule and restore the 2013 policy to eradicate discriminatory practices in the housing market.
17 Mar 2023
HUD Extends Loan Mod Option to 480 Months
HUD has published a Final Rule in the Federal Register to increase the maximum allowable term for FHA-insured loan modification from 360 months to 480 months.
9 Mar 2023
U.S. Foreclosure Activity Declines Monthly in February 2023 but Continues to Increase Annually
ATTOM has released the February 2023 U.S. Foreclosure Market Report, showing foreclosure filings down 3% from a month ago and up 18% from a year ago.
8 Mar 2023
Fannie Mae Announces SVC-2023-01 Servicing Guide Update
Fannie Mae has released the March Servicing Guide update, with changes to pre-foreclosure property preservation requirements.
8 Mar 2023
CFPB Uncovers Illegal Junk Fees on Bank Accounts, Mortgages, and Student and Auto Loans
The Consumer Financial Protection Bureau (CFPB) released a special edition of its Supervisory Highlights that reports on unlawful junk fees uncovered in deposit accounts and in multiple loan servicing markets, including in mortgage, student, and payday lending.
8 Mar 2023
Mortgage Servicers and Government Agencies to Converge in D.C.
Safeguard Properties is set to sponsor the Five Star Government Forum at The National Press Club on April 11, 2023 in Washington, DC.
6 Mar 2023
Freddie Mac Serious Delinquency Rate Unchanged in January; Fannie Mae Decreased Slightly
Freddie Mac and Fannie Mae report mortgage serious delinquency rate for January 2023.
27 Feb 2023