Solid Q3 Servicing Portfolio Powers Planet Financial
As the industry resets due to shrinking margins, Planet Financial’s momentum continued into the third quarter, posting strong growth in servicing, asset management, and origination divisions. The post Solid Q3 [...]
Forbearance Exits Continue to Slow
The pace of forbearance exits continue to drop weekly as more homeowners reach the end of their 18-month terms and are successfully exiting into deferrals or loan modifications. The post [...]
Competition for Short Supply of Homes Eases Up
A new analysis from Redfin found that, for the fifth consecutive month, bidding wars declined, despite continued demand fueled by an ongoing shortage of homes for sale. The post Competition [...]
Coalition Opposes Proposed Duty to Serve Proposals
Citing the need to substantially improve the “Duty To Serve” (DTS) proposals set forth by Freddie Mac and Fannie Mae, 20 groups have come together calling on the GSEs to improve their proposals that they say fail to meet the needs of the [...]
First American Completes Acquisition of ServiceMac
New mortgage subservicing business will enhance First American’s ability to provide lenders and servicers with end-to-end mortgage, settlement, post-closing services, products, and solutions. The post First American Completes Acquisition of [...]
Foreclosure Starts Reverse Course in September
Citing the need to closely monitor foreclosure numbers after the Federal Foreclosure Moratorium expired in July, Black Knight has revealed a “first-look” at its data for September 2021. According to the preliminary release, the national delinquency rate [...]
Prospective Buyers Cite Down Payment, High Prices as Barriers
Buying a home is typically the largest purchase one makes in their lifetime and new data from Bank of America shows that the locations and feelings of family are a huge factor for [...]
East Coast Properties More Likely to Suffer COVID-19 Woes
Chicago and New York City remain the most exposed to the potential impact of the pandemic, with housing markets in central and western regions less at-risk. The post East Coast [...]
The Week Ahead: New CFPB Chief to Deliver Report to Congress
Rohit Chopra will testify before the Senate Committee on Banking and provide an update on the latest actions the Bureau is taking to protect the nation’s consumers. The post The [...]