MortgagePoint invites you to get to know this year’s Five Star Lifetime Achievement Award recipient: Kim Yowell, EVP of Servicing for Fairway Independent Mortgage Corporation.
Read More »GSEs Sell Off $30B of Non-Performing Loans
Between the non-performing loan sales program’s inception in 2014 and the end of 2022, the GSEs have sold off a collective $30 billion in loans to the private sector.
Read More »Banks, Climate Change, and Credit; A New Perspective
New commentary from DBRS Morningstar highlights how the company looks at banks’ management of climate-related risks—in particular, from a credit perspective.
Read More »Overcoming Communication Hurdles in the Default Servicing Space
When it comes to wading through a sea of industry jargon, there is no larger ocean to navigate than the default servicing industry, and an upcoming webinar hosted by Legal League will help assist in improving the communication gap between attorneys and servicers.
Read More »Appellate Court Allows Lender to Foreclose Over Disputed Mortgage Payments
William Scott Leaman, an Attorney with the team at Diaz Anselmo & Associates, examines an Ohio Appellate Court ruling where a judgment of foreclosure was granted in favor of a lender, despite the borrower claiming they were not in default as their payments were wrongly rejected by the lender.
Read More »Congress Extends National Flood Insurance Program
Narrowly avoiding cancelation and a total government shutdown, last-minute bipartisan legislation was passed calling for the continued funding of the NFIP for an additional 45 days, through mid-November.
Read More »Texans Bearing the Brunt of Increases in Hailstorm Events
According to Verisk, severe hail events occurred 18% more frequently in the first half of 2023 than the prior three years, with eight of the top 10 metro areas reporting the most damage found in the Lone Star State.
Read More »Circuit Court Exceeds Authority by Rewriting Terms of Mortgage
Attorney Adam Diaz examines a recent case in Florida where a judgment was entered in favor of the mortgagors and against a major bank as the court denied foreclosure and rewrote the terms of the note and mortgage.
Read More »GSEs Complete Nearly 50K Foreclosure Prevention Actions in Q2
The FHFA’s latest Foreclosure Prevention and Refinance Report for the second quarter found that, to date, more than 6.8 million struggling homeowners have been assisted by Fannie Mae and Freddie Mac during conservatorship.
Read More »What Percent of Mortgages Are Delinquent?
According to the latest Loan Performance Insights Report, 16 metro areas posted slight annual delinquency upticks. With hurricane season in full swing, some areas of the U.S. could see typical seasonal delinquencies rise later this year and into 2024.
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