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With the release of the CoreLogic 2024 Q1 Equity Insights report, which Logan discussed last week, and now the FHFA National Mortgage Database Aggregate Statistics, we have a lot of visibility into the financial position of the American homeowner. The important message in the mortgage data is that even as…
Continue reading →The U.S. Department of Housing and Urban Development (HUD) on Wednesday posted an updated draft of its proposed defect taxonomy for servicing Federal Housing Administration (FHA) loan reviews. The revised policy will “provide clear guidance to mortgage servicers regarding FHA’s servicing loan review process, FHA’s assessment of the severity of…
Continue reading →The Consumer Financial Protection Bureau (CFPB) on Wednesday announced a newly proposed rule that would amend Regulation X and require mortgage servicers to emphasize borrower assistance and loss-mitigation options over foreclosure when a borrower struggles to make their required mortgage payments. “The proposed changes would also make it simpler for…
Continue reading →Brokerages know that the recruitment of real estate agents and teams is always competitive, and some have found it even more so in the wake of the National Association of Realtors’ settlement that’s prompted agents to reevaluate their businesses. But SERHANT. has shot its brand to the top of every…
Continue reading →Signs of a “stagnant late-spring housing market“ emerged in June as U.S. home prices declined for the first time this year and purchase mortgage locks fell by 8% year over year. That’s a key takeaway from the June 2024 Market Advantage report released Wednesday by Optimal Blue. The report, which…
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