FEDWeek, June 15, 2023The GAO has added to its annual report on opportunities for potential savings two areas of long-running concern, management of federal real estate and of other property.https://www.fedweek.com/federal-managers-daily-report/gao-cites-potential-savings-in-management-of-federal-real-estate-other-property/
Category: Top National News
Streamlining Disaster Mortgage Forbearance Rules Eyed by CFPB
Bloomberg Law, June 15, 2023-Evan Weinberger (subscription)The Consumer Financial Protection Bureau plans to make changes to existing mortgage servicing rules, including potentially making pandemic-era foreclosure prevention tools permanent.https://news.bloomberglaw.com/banking-law/streamlining-disaster-mortgage-forbearance-rules-eyed-by-cfpb
20 Banks With the Most Subservicing in Q1
National Mortgage News, June 15, 2023 (Complimentary Access)The top five residential servicers in this list have a combined unpaid principal balance of more than $1.8 trillion at the end of …
Real Estate-Related Email Fraud Costs Record Dollar Losses
National Mortgage News, June 15, 2023–Brad Finkelstein (subscription)Business email compromise scams related to real estate set a record for dollar losses in 2022, as the number of cases reported to …
Rescue Capital Lines Up for Opportunities on Multifamily Properties
Wealth Management Real Estate, June 14, 2023–Bendix AndersonOften positioned preferred equity, the capital is coming into play on properties that have shortfalls due to newly tightened capital markets.https://www.wealthmanagement.com/multifamily/rescue-capital-lines-opportunities-multifamily-properties?
Mortgage Demand Surges as Interest Rates Ease Off Recent Highs
CNBC, June 14, 2023-Diana OlickMortgage rates pulled back for the second straight week last week, and it was enough to get both current and potential homeowners on the phone with …
The Non-QM Product Gaining Steam in a Low-Volume Market
American Banker, June 14, 2023–Andrew Martinez (subscription)Some lenders in search of business during the mortgage market’s holding pattern are turning attention to a niche product with millions of prospective borrowers. …
CFPB Commits to Streamlining Servicing Rules
National Mortgage News, June 16, 2023–Bonnie Sinnock (subscription)Some of the consumer protection regulations that govern how mortgage companies offer borrowers home-retention options will be simplified in line with responses to …
Will Homeowners’ Insurance Crisis Upend Home Sales in California?
Orange County Register, June 16, 2023–Jeff LazersonEvery buyer should be asking the seller for an insurance pre-approval or pre-qualification letter.https://www.ocregister.com/2023/06/15/will-homeowners-insurance-crisis-upend-home-sales-in-california/
Real Estate-Related Email Fraud Costs Record Dollar Losses
National Mortgage News, June 15, 2023–Brad Finkelstein (subscription)Business email compromise scams related to real estate set a record for dollar losses in 2022, as the number of cases reported to …