Former Freddie Mac Exec Criticizes Financial Stability Oversight Council
In an op-ed piece, Fannie Mae's former CEO called the Financial Stability Oversight Council’s review of the secondary mortgage market politically “compromised.” Click through the read what he thinks they [...]
Ohio Courts Add Program to Expedite Settlement Process
The United States Bankruptcy Court for the Southern District of Ohio recently announced a Mortgage Modification Mediation Program (MMM Program) to facilitate negotiations and expedite the settlement process between debtors [...]
FHFA Addresses the Language Barrier
The FHFA, which oversees Fannie Mae and Freddie Mac, recently announced new resources for Americans who need assistance with mortgage loans but who possess limited English-language proficiency. That could be [...]
White House Extends National Flood Insurance
The White House on Wednesday signed a resolution that includes an extension for the National Flood Insurance Program until September 30, 2021. The flood insurance program was set to expire [...]
California Law Determines Who Has ‘First Dibs’ on Foreclosures
A new law in California will restrict anyone selling foreclosed homes from bundling them at auction for sale to a single buyer. In addition, the law paves the way for [...]
Commentary: Making it as a Female Mortgage Servicer
Meg Whitman, the former CEO of eBay and Hewlett Packard, once said that “passion is the fuel behind a successful career,” and I’ve certainly found that to be true. My earlier career objectives were not even [...]
States That Stand to Lead Home-Equity Origination
Due to economic impact of COVID-19, more Americans are taking out home-equity and other types of loans, according to a new study by WalletHub. "Americans who are having trouble with their [...]
Areas at Highest Risk of a Foreclosure Surge
Americans could face as many as 1.4 million foreclosures if homeowners remain unable to make their mortgage payments. That is according to a recent report from Realtor.com. As was reported [...]
COVID-19 Worsening Impact of Wildfires
More than 2.5 million acres of California have burned this year, surpassing the state’s previous wildfire seasons for total acreage burned, according to a new data report from CoreLogic, which [...]