Auction.com, Irvine, Calif., reported that the supply of properties available to buy at foreclosure auction hit a three-year low in Q4 2024.
Category: Top National News
Finding Money to Rebuild After Disasters
The Housing Scene, Jan. 24, 2025-Lew SichelmanHurricanes, tornadoes, floods and wildfires have become all too common. No part of the country seems immune.If you’re struck by one of these disasters, …
HELOC Line Utilization Linked to Loan Performance
Home Equity Lending News, January 24, 2025Research suggests that a primary differentiator between home-equity-lines of credit originated by depositories and HELOCs originated by non-banks is the level of line utilization …
CFPB Amicus Brief Seeks HEI Credit Regulation, But Unlikely Without Changes
Home Equity Lending News, January 23, 2025-Colgate Selden In the Amicus Brief filed last week by the Consumer Financial Protection Bureau for a lawsuit against Unlock Partnership Solutions, the regulator …
Nonbank Share of GSE Servicing Up Again in 4Q
Inside Mortgage Finance, January 23, 2025-Dennis HollierNonbanks handled 60.1% of the $6.56 trillion of GSE single-family servicing as of the end of 2024.Click here for more (subscription)
Gov. Gavin Newsom Announces Mortgage Relief Commitments from Major Lenders to Help Wildfire Survivors
CBS News, Jan. 19, 2025-Chelsea HyltonCalifornia Gov. Gavin Newsom announced commitments from five major financial institutions that will offer mortgage relief for property owners affected by the Los Angeles area …
FHA Updates Distressed Servicing Policies
National Mortgage News, January 17, 2025-Bonnie SinnockThe Federal Housing Administration has updated its distressed borrower policies, which set out procedures for mortgage companies to follow when offering consumers ways to …
FCC Warns of 50-State Scam by Fraudsters Posing as Mortgage Lenders
CBS News, Jan. 15, 2025-Kate GibsonHomeowners across the U.S. are being targeted in a sophisticated scam in which callers pose as mortgage lenders to defraud people out of hundreds of …
LA Fires Update: Do Evacuees Still Have To Pay Mortgage and Utility Bills?
Newsweek, Jan. 15, 2025-Giulia CarbonaroThe wildfires which have burned through Los Angeles County for more than a week now have damaged or destroyed thousands of homes, wiping out entire neighborhoods …
LA Wildfires Likely to Slow Down Mortgage Trades
National Mortgage News, Jan. 14, 2025-Brad FinkelsteinThe wildfires are expected to have a limited effect on loan pricing and delinquencies, but other expenses could rise, adding to the cost of …