In an effort to reduce the size of its retained mortgage portfolio, Freddie Mac has sold 88 non-performing residential first-lien loans as part of the GSE’s Extended Timeline Pool Offering.
Read More »September Delinquency Rate Experiences YoY Rise
ICE data shows a year-over-year rise of 13 basis points year over year, marking only the second—and largest—annual increase in the past 2.5 years.
Read More »The Growing Concern of Occupancy Fraud
A recent podcast examined mortgage fraud, with a particular focus on the proliferation of occupancy fraud, which has significantly increased in recent years. Here’s what the podcast reveals.
Read More »Looking Back on 10 Years of CRT
CRT, or the Credit Risk Transfer program, was launched by Fannie Mae 10 years ago. A new Fannie Mae blog examines how the program has performed since its inception.
Read More »Fay Financial Adds Cari Gordon as Chief Audit Officer
With nearly 30 years in the industry, including time spent at both Fannie Mae and Freddie Mac, Cari Gordon joins Fay Financial to oversee the company’s integrated, risk-based audit plan.
Read More »REO Agents to Share Some Scares
An upcoming webinar presented by Five Star’s FORCE group will explore a number of horror stories told by experienced REO agents, and the lessons learned from these perilous tales.
Read More »Rent-Burdened Households Reach Their Highest Level in More Than a Decade
The share of renters who are cost-burdened has risen to the highest level since 2012, according to a new survey from Apartment List. Here’s how many households were rent burdened in America in 2022 per U.S. Census data.
Read More »Florida Court Hears Foreclosure Case Despite a Notice of Removal to Federal Court
Attorney Kathleen Achille examines a recent Florida Circuit Court case where the lender was allowed to proceed with its foreclosure case in a state trial court, even with the borrowers’ notice of removal to federal court.
Read More »FHFA Expands ‘Rep and Warrant’ Relief Following Pandemic Forbearances
"Forbearance was an invaluable tool for borrowers experiencing financial hardship due to the COVID-19 pandemic," said FHFA Director Sandra L. Thompson. Here’s what the announced change means for the industry.
Read More »Putting Forbearances Under the Microscope
MBA forecasts that unemployment increases, a rise in property taxes, the resumption of student debt payments, and the potential for natural disasters will impact loan performance in the future months. Here’s what September’s forbearance data reveals.
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