Why Chapter 13 Bankruptcy Should Be Back on the Radar
Attorneys Laura M. Hawley and Michael P. Hogan examine a century of loss mitigation options for borrowers to remain in their homes and avoid foreclosure. Source: DS News
HUD Issues New Guidance on Properties for Low-Income Seniors
HUD has announced new guidance for owners of properties participating in HUD’s Multifamily Section 202 Project Rental Assistance Contract program, reinforcing the use of supportive services funds to help seniors [...]
Rent Growth Slows to 2% in January
As rent growth experienced the smallest increase since May 2021 and the lowest level in nearly a year, a new report from Redfin revealed January marked the eighth straight month [...]
Pace of Home Price Growth Slows
According to the National Association of Realtors, the average price of a home rose to $378,700 in the fourth quarter of 2022. Source: DS News
How AI Will Enhance the Mortgage Servicing Industry
Attorney Daniel C. Chilton discusses advancements in artificial intelligence, and how reliant we have become on it in the mortgage servicing industry. Source: DS News
Ginnie Mae Announces LMI Income Disclosure, Enhances ESG Metrics
Stepping up its Environmental, Social, and Governance (ESG) efforts, Ginnie Mae is providing greater transparency into its pools for investors through new LMI disclosure. Source: DS News
HUD Assists 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. Source: DS News
Auction.com Names Joe Cutrona Chief Business Officer
Thirty-year veteran assumes role overseeing business development and online operations for Auction.com, including maintaining and creating new client relationships. Source: DS News
Mortgage Credit Availability Decreased in January
“Similar to December 2022, the availability of credit has been driven lower by declining originations and shrinking industry capacity as lenders have streamlined their operations to cope with lower volumes,” [...]