Rate of Borrower Forbearance Requests Slows Down
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey shows that the total number of loans now in forbearance increased...
ATTOM Analysis Points to 1.5 Million Vacant Properties
ATTOM Data Solutions’ second-quarter 2020 Vacant Property and Zombie Foreclosure Report shows that 1.5 million residential properties in the U.S. are vacant,...
Nearly Half of Borrowers in Mortgage Forbearance Plans Made Their April Payments
Roughly 4.75 million mortgages - representing a little over $1 trillion in unpaid principal - were in COVID-19 forbearance plans as of...
Share of Mortgages in COVID-19 Forbearance Plans Continues to Grow
The share of mortgages in COVID-19 related forbearance plans increased to 8.36% during the week ended May 17, according to the Mortgage...
Brace Receives Approval for No-Action Letter Template
Loss mitigation platform provider Brace says the Consumer Financial Protection Bureau (CFPB) has granted its application for a No-Action Letter Template, which...
FHFA: Homeowners in COVID-19-Related Mortgage Forbearance Plans ‘Will Not Be Penalized’
Homeowners whose mortgages are backed by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac and who have entered into mortgage forbearance plans...
MBA: Share of Mortgages in Forbearance Plans Now Exceeds 8%
More than 8% of mortgages are now in COVID-19-related forbearance plans, according to the Mortgage Bankers Association.The MBA’s...
FHFA: Homeowners in Forbearance Can Optionally Defer Payments Until End of Loan
Homeowners in COVID-19 related forbearance plans can optionally have their missed mortgage payments tacked on to the end of their loans, the...
Mortgage Industry Veterans Richard Lombardi, Kevin Hughes Join Black Knight
Richard Lombardi has joined mortgage software, data and analytics firm Black Knight as senior vice president for data strategy and innovation.
MBA: ‘Inevitable’ Increase in Mortgage Delinquency Rate Is Upon Us
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 4.36% of all loans outstanding...
Agencies Develop Website for Housing Assistance Information
The Consumer Financial Protection Bureau (CFPB), Federal Housing Finance Agency (FHFA), and U.S. Department of Housing and Urban Development (HUD) have launched...
Technology Firm Offering AI-Backed Servicing Support
Fintech specialist Constant says it had added the Constant+ Mortgage module and loan workout add-ons for short sales and deeds-in-lieu of foreclosure...
FHFA Taps Kate Fulton as Chief Operating Officer
Kate Fulton is the new chief operating officer (COO) at the Federal Housing Finance Agency (FHFA).Fulton was previously...
Rate of Loans in Forbearance Edges Toward 8 Percent
According to the Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey, the total number of mortgages now in forbearance increased...
Loan Protector Insurance Services Merged into Proctor Financial
Proctor Financial Inc., a provider of insurance products and services for financial institutions, says its parent company, Brown & Brown Inc., has...
Mortgage Delinquency Rate Ticked Up in March as Pandemic Took Hold
The U.S. mortgage delinquency rate ticked up in March, as the coronavirus pandemic took hold, but in another sign of just how...
Number of Homeowners in COVID-19 Forbearance Plans Swells to 3.4 Million
As of April 23 more than 3.4 million homeowners - or 6.4% of all mortgages - had entered into COVID-19 mortgage forbearance...
FHFA Clarifies: No Lump-Sum Repayments for Borrowers in Forbearance
The Federal Housing Finance Agency (FHFA) has alerted Fannie Mae, Freddie Mac and the GSEs’ mortgage servicers that borrowers who have received...
CFPB Places Spotlight on Mortgage Servicing Transfers
The Consumer Financial Protection Bureau (CFPB) has shared best practices for mortgage servicers to facilitate compliance and prevent harm to consumers during...
FHFA Helps Mortgage Servicers with Liquidity Gap But Facility Still Needed
The Federal Housing Finance Agency (FHFA) has introduced a plan that helps address the liquidity gap that Fannie Mae and Freddie Mac...