According to the Consumer Financial Protection Bureau, the number of accounts in collections dropped from 261 to 175 million tradelines between 2018-2022.
Read More »Climate Change Could Cost Miami Homeowners $7.9B by 2050
Acknowledging the looming dangers of a warming planet, CoreLogic has released new research accounting for factors such as rising sea levels, increased frequency of intense storms, and the amount of flooding that could be caused by storms in the Miami area by 2050.
Read More »HUD Assisted Nearly Two Million U.S. Homeowners During the Pandemic
HUD Secretary Marcia L. Fudge has announced that more than 1.8 million FHA borrowers received a forbearance due to a hardship created or exacerbated by COVID-19.
Read More »NCLC Calls Upon GSEs to Stop Sale of Loans to Investors
According to the National Consumer Law Center, when the GSEs sell loans to private investors it can cause borrowers to lose protections to keep them out of foreclosure.
Read More »FHA & CFPB Urged to Create Additional Reverse Mortgage Protections
The Federal Housing Agency and the Consumer Financial Protection Bureau have been called on to fix servicing problems and create additional protection for the 480,000 outstanding reverse mortgages in the country.
Read More »Bankruptcies Up Nearly 20% YoY
“While still below pre-pandemic totals, bankruptcy filings continue to increase amid growing debt loads due to inflationary pressures and reduced availability of low-cost financing,” said ABI Executive Director Amy Quackenboss.
Read More »Ginnie Mae Extends Covid Relief Policies
Two new announcements address the lingering effects of the pandemic on Ginnie Mae Issuer operations.
Read More »Abuse Victims to get Additional Resources from HUD
A new website and enforcement guidance are just a few things that survivors can use while applying for and living in Housing and Urban Development-assisted properties.
Read More »The Week Ahead: Servicers Advancing Tech Offerings
An upcoming Five Star-led webinar will discuss how to expedite a mortgage servicing technology project, from approval to execution, in a 90-day timeframe.
Read More »New-to-Credit Consumers May Be Better Risk Than Previously Thought
Those with new credit files used to be considered higher risk than those with an established credit history, but new data from TransUnion finds that is not necessarily true.
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