Fannie Mae and Freddie Mac completed 43,903 foreclosure prevention actions during the fourth quarter, raising the number of homeowners who have been helped to 6.9 million since the conservatorships started in 2008, the Federal Housing Finance Agency reported.
Tag: Servicing
Blue Sage Solutions’ Carmine Cacciavillani–How a Bridge in the Cloud Creates Endless Opportunities
One of the most interesting paradoxes is the Mobius strip, a two-dimensional shape made by taking a strip of paper, twisting one end 180 degrees, and taping the ends together, forming one continuous surface.
Carmine Cacciavillani from Blue Sage Solutions: How a Bridge in the Cloud Creates Endless Opportunities
One of the most interesting paradoxes is the Mobius strip, a two-dimensional shape made by taking a strip of paper, twisting one end 180 degrees, and taping the ends together, forming one continuous surface.
FHA Commissioner Gordon Announces New Loss Mitigation Option: #MBAServicing24
ORLANDO–Loss mitigation made news last week at MBA’s Servicing Solutions Conference & Expo 2024.
Executives Discuss Their Challenges, Goals: #MBAServicing24
ORLANDO–Top executives from PennyMac Financial Services, Merchants Bank of Indiana, M&T Bank Corp., Mr. Cooper and Freedom Mortgage Corp. discussed the biggest challenges the mortgage servicing industry faces here at MBA’s Servicing Solutions Conference & Expo 2024.
Laura Escobar on Unsung Heroes– #MBAServicing24
ORLANDO–Mortgage servicers are the backbone of the industry, according to Laura Escobar, 2024 MBA Chair-Elect and President, Lennar Mortgage.
LERETA Survey Reveals Lack of Understanding of Escrow Accounts
LERETA, Pomona, Calif., released a new survey showing that among respondents who have an escrow account with their mortgage, only 52% “completely” understand how that account works.
MBA: Share of Mortgage Loans in Forbearance Decreases Slightly to 0.22% in January
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 1 basis point from 0.23% of servicers’ portfolio volume in the prior month to 0.22% as of Jan. 31, 2024.
Redfin: Investors Bought Bigger Share of Affordable Homes in Late 2023
Real estate investors bought just over 26% of the low-priced homes that sold in the fourth quarter–the highest share on record, according to Redfin, Seattle.
FHFA to Host Multifamily Insurance Symposium; Agency Official Talks Other 2024 Priorities–#MBACREF24
SAN DIEGO–Amid rising premiums and natural disasters, it’s no surprise that insurance is a big concern for the multifamily industry. With that in mind, the Federal Housing Finance Agency’s Siobhan Kelly announced the agency will hold a multifamily insurance symposium March 13–with both in-person and virtual options–to brainstorm solutions to insurance issues.