Following the recent coordinated action by federal agencies against Cadence Bank for redlining, compliance attorneys have suggested now is not the time for mortgage companies to let their guard down.
Earlier in the week, CoreLogic estimated a loss of between $27 billion and $40 billion because of damage to property, including insured and uninsured residences and commercial structures...
While analysts continue to track potential losses from property damage due to Hurricane Ida this week, servicers of mortgages for the GSEs have been instructed to proactively offer forbearance to hurricane victims.
Fannie Mae said its mortgage servicers are authorized to offer payment forbearance for up to 90 days to those impacted by Hurricane Ida, even if they don’t hear from the homeowner — that is, if the servicer believes the homeowner was affected by the disaster.
The growth gap between private mortgage insurers and insurance-in-force at FHA widened in the second quarter, Keefe, Bruyette & Woods said in a new report.
The mortgage industry wants HUD to reconsider its proposal to recodify the 2013 disparate-impact theory as it predates and is inconsistent with binding Supreme Court precedent.
A continuing shortage of housing inventory makes it more important than ever that sellers and real estate agents understand how quickly VA loans can close. At least, that’s what VA lenders believe.