California Wildfires Have Burned 2 Million Acres
Two of the three largest fires in California's history are burning in the San Francisco Bay Area. Wildfires have burned a record 2 million acres in California this year, and [...]
HUD Issues New CARES-Act Flexibilities
United States Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced new requirements and flexibility for the $3.96 billion provided to states and local governments for the [...]
Expanding Diversity Into the C-Suite
Editor's note: This piece originally appeared in the September 2020 print issue of DS News, out now. Over the past two months, national events have exposed a level of injustice in [...]
Florida Court Reverses Dismissal in Foreclosure Case
Florida’s Second District Court of Appeals reversed a judgment of dismissal entered against U.S. Bank and in favor of mortgagor Charles Engle concluding the lower court erred when it held [...]
Mitigating Risk Exposure During Stressed Periods
A new credit assessment tool can help servicers mitigate risk and prevent loss during difficult economic periods, industry experts say, according to a complimentary MReport webinar last week entitled “How [...]
Housing Sentiment Regains Momentum
Last month, there was an uptick of 3.3 points to 77.5 in the Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index (HPSI), according to FannieMae.com. That’s a rebound following a slight drop [...]
Loan Performance Has ‘Progressively Weakened’
While federal and state governments work toward additional support, economists expect serious delinquencies will continue to rise, particularly among lower-income households. The post Loan Performance Has ‘Progressively Weakened’ appeared first [...]
Biggest Challenge for Servicers of COVID-Related Forbearances
Editor's note: This piece originally appeared in the August 2020 issue of MReport, out now. Courtney Thompson joined Flagstar in 2014, bringing marked litigation, advisory, and consulting experience to her [...]
No Relief For Three Million-Plus Borrowers
Coronavirus mortgage bailouts have helped a large number of Americans, but many still cannot pay, or are not paying, what they owe. Recently data collection outfits reported a larger than [...]