Close to 25% of mortgages in forbearance plans will hit the end of their relief period in March, with more expirations in April and beyond. Problem: Many of the borrowers in forbearance are delinquent.
HUD issued a final rule on the much-debated disparate-impact theory in September. A month later, a federal court ordered a preliminary injunction blocking its implementation.
Record loan production translates into record paychecks for CEOs. Right? If there’s an IPO involved, yes, but there are exceptions. (Includes data chart.)
Volatility in the secondary market for non-QMs receded within two months but originations are still nowhere near pre-pandemic levels. Reason: lenders focusing on agency refis.
Suddenly, it’s a great time to sell servicing rights. But if too many offload receivables at the same time, prices could suffer. A conundrum in the making?
The bureau’s prioritized assessments are not designed to identify violations but are intended to spot and assess risks in order to prevent consumer harm.
The fund could be modeled after the Hardest Hit Fund, providing funds to state housing finance agencies to help borrowers bring their mortgages current.