Mortgage assistance for Hawaii fire victims includes forbearance help
Fannie Mae, Freddie Mac and the Federal Housing Administration outlined relief for homeowners as FEMA and the state of Hawaii rushed to provide emergency housing for displaced residents
by Matt Carter Aug 15
Loan servicers' pandemic-relief efforts 'a major success story'
Mortgage loan servicers collecting payments on loans guaranteed by Fannie Mae and Freddie Mac completed 2.36M 'home retention actions' during the COVID-19 pandemic
by Matt Carter Jun 26
Carrington grudgingly signs off on $5.25M COVID-19 relief settlement
CFPB alleges some homeowners who sought forbearance during the pandemic were charged improper late fees and weren't fully informed of their options
by Matt Carter Nov 17
Mr. Cooper lays off originators while mortgage servicing business booms
Sale of Xome subsidiary could be in the works as lenders boost foreclosure filings and auction platform's distressed property inventory swells to record levels
by Matt Carter May 3
Home price growth 'reaccelerates' to set new February record
February's 19.6% annual home price appreciation, together with sharp rise in mortgage rates, produced the tightest affordability in 15 years, according to new data from Black Knight
by Matt Carter Apr 5
States getting COVID mortgage relief programs off the ground
Nearly 30 states have launched programs to distribute $9.961 billion in federal aid for households who are behind on their mortgages
by Matt Carter Mar 18
Homeowners are cashing out their equity like it's 2005
Lenders are managing risk by focusing on borrowers with prime credit scores who are keeping a bigger equity stake in their homes, according to Black Knight's latest Mortgage Monitor Report
by Matt Carter Mar 8
Fake landlord and deed fraud scams plague Detroit buyers and renters
Cash sales don't provide safeguards like title searches that mortgage companies insist on when they're financing a deal
by Matt Carter Nov 12
Knock Home Swap
More than 500,000 borrowers are in loss mitigation after pandemic relief from monthly mortgage payments expires, according to Black Knight's latest Mortgage Monitor Report
by Matt Carter Nov 2
Mortgage delinquency rates approach pre-pandemic levels
Total delinquency rates dropped 4.2 percent in July, 2.3 percentage points lower than the 6.5 percent observed in July 2020, according to new data released Tuesday by CoreLogic
Homeowners slam brakes on refinancing as mortgage rates rise
Prospect of higher monthly mortgage payments for homebuyers and impact on affordability also a concern, according to an analysis of mortgage pipeline data by Black Knight
by Matt Carter Oct 10
Americans cashing out as home equity hits record $9.1 trillion
Rise in home values may also help borrowers who decided to put their mortgage payments on hold during the pandemic
by Matt Carter Sep 8
With protections lifting, improvement in forbearance numbers slows
The numbers are headed in the wrong direction for loans that are backed by private lenders rather than the government, according to new survey by the Mortgage Bankers Association
by Matt Carter Aug 24
1.7M homeowners still in forbearance as protections expire
Loan servicers must attempt to work with borrowers before initiating foreclosure proceedings
by Matt Carter Aug 9
End of forbearance programs could strain loan servicers
Companies that collect mortgage payments expected to help homeowners avoid foreclosure
by Matt Carter Aug 2