Preventing foreclosures requires active collaboration between servicers and homeowners.
Category: News and Trends
Servicing Quote of the Week
“The near-total disappearance of zombie foreclosures has been and still is one of the more subtle, but important benefits of the country’s soaring housing market.”
–Rob Barber, CEO for ATTOM
Freddie Mac’s Mike Hutchins Announces LPA Update; Talks Tech, Repurchases With Fannie Mae’s Priscilla Almodovar
DENVER–Freddie Mac President Mike Hutchins announced Oct. 28 the latest addition to the enterprise’s automated underwriting system (Loan Product Advisor): LPA Choice.
How Can AI Actually Help the Mortgage Industry? Annual24 Panel Weighs In
DENVER–It’s no secret that artificial intelligence is an increasingly hot topic, and there are real applications to consider for those working in mortgage banking and related industries, said experts from Amazon Web Services and NVIDIA Corp., at MBA’s Annual Convention & Expo Oct. 29.
MBA Education Honors Mr. Cooper’s Ryan Davidson with the Willis Bryant Award
DENVER–MBA Education, the award-winning education division of the Mortgage Bankers Association, honored Mr. Cooper’s Ryan Davidson, AMP, Associate Vice President, Strategy & Analytics, with its 2024 Willis Bryant Award here at the 2024 Annual Convention and Expo.
Redfin Finds Young Homeowners More Likely Than Young Renters to Feel Financially Better Off
Around two-thirds of Millennial and Gen Z homeowners say they’re better off financially than they were four years ago, compared to just over half of Millennial and Gen Z renters, according to a new Redfin survey.
Mohamed El-Erian: U.S. Economy in Better Shape Than Expected
DENVER–Renowned economist Mohamed El-Erian gave his thoughts on the global economic outlook during the Mortgage Bankers Association’s Annual Convention & Expo Oct. 28, noting that the U.S. economy is in a better place than anticipated, especially given recession predictions over the past few years.
TransUnion: Four in Five Homeowners Say Their Mortgage Payments Strain Their Finances
A new survey from TransUnion, Chicago, found that many consumers feel their mortgage payments are putting a strain on their household finances, and the prospect of falling interest rates has them ready to consider refinancing those loans.
ATTOM: Zombie Foreclosures Remain Low
ATTOM, Irvine, Calif., released its fourth-quarter 2024 Vacant Property and Zombie Foreclosure Report. It found zombie foreclosures ticked up slightly from Q3, but remain below Q4 2023’s number.
BLS: Jobs Close to Flat in October
Total nonfarm payroll inched up by just 12,000 in October, and the unemployment rate was unchanged at 4.1%, per the U.S. Bureau of Labor Statistics.