Real Estate Fund Designates $1 Billion to Communities of Color
The Los Angeles-based real estate fund SoLa Impact has rolled out the Black Impact Fund, a $1 billion initiative focused on communities of color with major urban markets. The new [...]
FHFA Extends Foreclosure Moratorium
FHFA Wednesday announced the fourth extension of its foreclosure and eviction moratorium through "at least" January 31. This extension will continue the moratorium on single-family foreclosures and real estate owned [...]
New Forbearance Requests, Re-entries Lead to Overall Increase
Total loans in forbearance during the week ending November 22 increased 6 basis points relative to the prior week—from 5.48% to 5.54%, according to the Mortgage Bankers Association's (MBA) Forbearance [...]
FHA Raises Single-Family Loan Limits
Federal Housing Administration (FHA) announced higher loan limits for 2021. The guidelines apply to the administration's Single Family Title II forward and Home Equity Conversion (reverse) Mortgage insurance programs. The [...]
The CFPB Adds Five to Its Executive Team
The Consumer Financial Protection Bureau (CFPB) announced additions to its executive team. According to a press release, the bureau—"which helps consumer finance markets work by regularly identifying and addressing outdated, [...]
Loan Application Defects Are Down From 2019
The Loan Application Defect Index (LADI) remained steady in October compared with the prior month but remains 10% lower than October 2019; purchase-loan fraud risk increased 1.2% month-over-month, and less risky refinance fraud [...]
GSEs Release Mortgage Portfolio Updates
Fannie Mae and Freddie Mac released monthly summary reports covering October. The reports contain information about the GSEs' monthly and year-to-date activities related to gross mortgage portfolios; mortgage-backed securities; and [...]
Initiative Targets ‘Disproportionate’ Challenges of Black Homeownership
Black homeowners face more foreclosures, more tax liens, and higher unemployment rates than their non-Black counterparts—a New York City-based project powered by data and artificial intelligence revealed these racial disparities [...]
Navigating a Potential Bankruptcy Surge
In this week’s special extended edition of DS5: Inside the Industry, BK Global CEO Brad Geisen discusses the challenges his industry might face in the coming years including anticipated unemployment [...]