The least affordable markets were Anaheim and San Francisco, where homebuyers with the typical local income would’ve needed to spend over 80% of their pay on monthly housing costs. Detroit and Pittsburgh were the most affordable.
Read More »Florida Court Questions the Reformation of Deed and Mortgage
Attorney Ian Dolan examines a recent Florida case where the court affirmed the entry of a judgment of foreclosure despite the mortgagor’s claim that a reformation was barred by the statute of limitations. Full details on the case after the link.
Read More »Advancing Servicer Automation Into 2024
Dan Sogorka of Sagent discusses the latest trends in the fintech space for mortgage servicers and the factors that will sway the housing market over the next 12 months.
Read More »Snapshot: Commercial Bankruptcies Surge YoY
While commercial bankruptcies were up over 140% year-over-year, individual bankruptcy filings also increased year-over-year, putting additional stress on the economy.
Read More »Cenlar’s Enterprise Portfolio Management Office Adds Three New Directors
The mortgage subservicer fortifies its Enterprise Portfolio Management Office with the addition of three new Directors, all responsible for driving and implementing strategic programs within the company.
Read More »Is Your DSCR Mortgage Servicer a Safe Harbor or a Brewing Storm?
Patrick Couture of Planet Loan Servicing takes a deeper look at Debt Service Coverage Ratio loans, and the potential risks and challenges associated when dealing with inexperienced DSCR servicers.
Read More »Florida Bar Publishes Advisory Opinion Regarding AI
Attorney Roy Diaz takes a look at the Florida Bar’s Proposed Advisory Opinion regarding a lawyer’s use of generative artificial intelligence, as oversight may be drafted to ensure compliance with ethical standards.
Read More »Servicer Prevails After a Challenge on Pre-Suit Compliance With HUD Regulations
Attorney Jamie Juster of McCalla Raymer Leibert Pierce discusses a recent case where the borrower argued that their lender failed to comply with HUD regulations by not conducting a face-to-face meeting to discuss loss mitigation options prior to foreclosure.
Read More »FHA to Enhance Its 203(k) Rehab Program
Proposed changes to the 203(k) Rehabilitation Mortgage Insurance Program have been drafted to expand FHA-insured mortgage financing for the purchase or refinance of single-family homes in need of repair or rehabilitation.
Read More »Managing Today’s Tech Trends in Mortgage Servicing
MortgagePoint had the opportunity to chat with Gagan Sharma, Founder and CEO of BSI Financial Inc., to discuss the evolution of technology in the servicing space, as AI, machine learning, and other advances become more commonplace in the borrower experience.
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