Forbearances vs. Natural Disasters: Lessons in Damage Mitigation
The forbearance rate during the early part of the COVID-19 pandemic was roughly identical to the rate recorded during the devastating 2017 hurricane season that ravaged regions throughout the Gulf [...]
Wildfires Aren’t Preventing Relocation to High-Risk Regions
The historic wildfire season that left thousands of homes destroyed and millions of acres burned in the western states is likely to be reprised in the coming years with increased [...]
Making Forbearance More Effective
Editor's note: This story originally appeared in the November edition of DS News. Mortgage forbearance is still a reality for many borrowers and servicers, more than six months after the Coronavirus Aid, Relief, and Economic [...]
Housing-Starts Increase ‘May Soon Pause’
The U.S. Census Bureau released its construction statistics for October—which shows permits, starts, and completions—recorded a 4.9% increase in housing starts in October compared to September. Fannie Mae's Chief Economist Doug [...]
Two Industry Veterans Lead Law Firm’s Expansion
Philadelphia, PA-based Brock & Scott, PLLC announced the expansion of its default law practice into Pennsylvania and New Jersey. Rosemarie Diamond and Jay Jones, two recognized industry veterans with a [...]
What Servicers Should Do When Foreclosure Moratoria Lift
Editor's note: This story originally appeared in the November edition of DS News. Steve Bailey, Senior Managing Director and Chief Mortgage Operations Officer at PennyMac Financial Services, Inc., has held a variety of [...]
Households ‘Reasonably Well-Positioned’ to Handle Economic Downturn
The near-future state of the U.S. economy is predicated on how policymakers and the public respond to the increasing number of COVID-19 cases, according to the latest commentary from the [...]
Will Suburban Migration Continue?
The arrival of the pandemic to America has caused numerous trends to appear in the housing industry, among which include increased demand for housing away from the big cities. A [...]
Extensions Account for Most Forbearance Activity
The Mortgage Bankers Association's (MBA) reported this week that the number of loans in forbearance dropped last week, marking the 11th week in a row of decreases. MBA estimates that [...]