RIHA Releases Second Collection of Essays on Climate Change’s Impact on Real Estate Finance
The Mortgage Bankers Association’s Research Institute for Housing America published a second collection of essays that addresses affects of climate change on the real estate finance industry.
Government Roundup: FHA Publishes 40-Year Loan Mod Final Rule; CFPB Targets ‘Junk Fees’
In this week’s Government Roundup, FHA published a final rule that would permit 40-year terms for loan modifications; and the Consumer Financial Protection Bureau released a special edition of its Supervisory Highlights targeting allegedly unlawful junk fees uncovered in deposit accounts and in multiple loan servicing markets, including in mortgage, student and payday lending.
CoreLogic: 4Q Home Equity Gains Slow Further
CoreLogic, Irvine, Calif., said homeowners with mortgages (which account for roughly 63% of all properties) saw equity slow to a 7.3% increase year over year, representing a collective gain of $1 trillion, for an average of $14,300 per borrower, from one year ago.
Foreclosure Activity Posts Monthly Decrease, Rises Annually
ATTOM, Irvine, Calif, said properties with foreclosure filings fell by 3 percent in February from January but rose by 18 percent from a year ago.
MBA White Paper Addresses Future of Loss Mitigation
The Mortgage Bankers Association released a white paper, The Future of Loss Mitigation, which takes into consideration how lessons applied and learned during the COVID-19 pandemic should shape permanent loss mitigation policy.