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MBA Asks 6-Month Delay of Debt Collections Proposed Rule Effective Date
The Mortgage Bankers Association, in a May 19 letter, asked the Consumer Financial Protection Bureau to delay the effective date of its final rule amending the Fair Debt Collection Practices Act.
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Initial Claims at 14-Month Low
Initial claims for mortgage insurance fell by another 34,000 last week, their lowest level since March 2020, the Labor Department reported Thursday.
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Black Knight: Delinquency Rate Falls Below 5% for First Time Since Pandemic
Black Knight, Jacksonville, Fla., said the national mortgage delinquency rate fell by more than 7 percent in April to below 5 percent for the first time since onset of the coronavirus pandemic.
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RE/MAX: April Home Sales Set New Highs
For want of inventory, this spring home-buying season would be one for the ages. As it is, said RE/MAX, Denver, sales are doing pretty well, regardless.
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1Q Distressed CRE Debt Drops
More U.S. commercial real estate distress was worked out than arose in the first quarter, reported Real Capital Analytics, New York.