Get to know the new head of the PPEF, a group that brings together leadership from the nation’s largest property preservation companies to promote best practices in the field services industry and develop solutions for the challenges that face it.
Read More »VA Issues Measure to Protect Vets From Foreclosure
A six-month pause in foreclosures will extend protections to at-risk veterans until its VA Servicing Purchase program is effective and available to provide assistance to VA borrowers in financial distress.
Read More »Foreclosure Filings: A ‘Concerning Picture’ of Future Trends?
Rob Barber, CEO at ATTOM Data, said, “It’s evident that challenges in the housing market persist. While we anticipate a likely decline in the coming months due to the holiday season and other seasonal patterns, we do foresee a continued uptick in 2024 as foreclosure filings make their way through the pipeline.”
Read More »PHH Mortgage Announces Subservicing Agreement With Zillow Home Loans
Following a collaborative onboarding and integration cycle, this new partnership expands on an existing correspondent relationship to a strategic servicing partnership.
Read More »FHA Reports on Delinquency, Credit Access in Report to Congress
In its Annual Report to Congress for fiscal year 2023, the FHA detailed the work of its single-family mortgage insurance programs in fiscal year 2023, including updates on credit access, capital in the MMI Fund, and delinquency rates of mortgages in its portfolio.
Read More »FHA Increases Fees for Property Preservation Expenses
An update to allowable inspection fees will increase compensation for inspections that determine a property’s occupancy status and safeguard neighborhoods from blight arising from inadequately maintained unoccupied homes.
Read More »The Week Ahead: REO Agents Expand Into Hedge Fund Listings
As hedge funds are invested more within the REO market, a growing demand for skilled agents is necessary, and an upcoming course presented by Five Star’s FORCE group will tap into this growing market.
Read More »Mortgage Delinquency Rate Increases Across YoY, Quarterly Time Frames
The MBA reports mortgage delinquencies tracked closely with the nationwide unemployment rate in Q3, with an uptick in delinquencies across all loan types–with FHA’s portfolio experiencing the largest year-over-year increase.
Read More »Florida Court Affirms Foreclosure Judgment for HOA
Attorney Lisa Woodburn details a recent Florida case where a property owners association was awarded nearly $90,000 for delinquent assessments, interest, late charges, costs, and attorneys’ fees.
Read More »FHA Extends Foreclosure Protections to Victims of Maui Wildfires
In an effort to assist borrowers impacted by Maui’s August wildfires, mortgage servicers will be prohibited from initiating or completing foreclosure actions through May 6, 2024.
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