Loss Mitigation

According to the MBA, the share of mortgage loans in forbearance decreased to 0.26% nationwide in November, with roughly 70% of loan workouts initiated since 2020 classified as current.

MBA reports that a slip in sales transaction and refi volumes has meant less new debt was extended in the third quarter.

Only a quarter of respondents living in medium-risk flood areas who participated in Fannie Mae’s Flood Survey were familiar with government-backed flood insurance plans, what they cover, and—more specifically—what they don’t cover.

A study conducted from July to September examined the overall health of the economy, with findings that identified pain points including regulatory fines and compliance obligations.

As we approach a new year, MortgagePoint took the temperature of industry experts to see what lies ahead for a market that trudged through 2023 hampered by the convergence of rates reaching 20-year highs, a shortage of housing inventory, and inflated home values.

A recent report from New Western has found that single-family real estate investors could play a key role in solving the nation’s housing shortage by fixing up unlivable homes and putting them back on the market.

A monthly report shows that states with the highest number of foreclosure starts include the red-hot real estate markets of California, Florida, and Texas.

CMBS See Large Uptick in Delinquencies Compared to Other Investor Groups

In a new report, the OCC highlights the nation’s credit, market, operational, and compliance risks, as well as other key issues facing the federal banking system.

Firm will rebrand as Incenter Capital Advisors, to be led by Tom Piercy in the role of Chief Growth Officer and JB Long, who steps into the new position of President.