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Loan Modifications Affect the Mortgage Ecosystem

Loan Modifications Affect the Mortgage Ecosystem

Source: Scotsman Guide --- The Consumer Financial Protection Bureau (CFPB) has been closely monitoring the loan default situation and is taking various steps in a bid to prevent a wave of foreclosures that could result from borrowers exiting their mortgage forbearance...

The housing market is booming but remains deeply unequal

The housing market is booming but remains deeply unequal

Source: The Washington Post ---  The current housing market features plenty of prospective buyers but few sellers, and is likely to make housing inequality and the racial wealth gap much worse. Politicians are beginning to grapple with this problem. President Biden...

Mortgage Loans in Forbearance Dips to 4.2 Percent in U.S.

Mortgage Loans in Forbearance Dips to 4.2 Percent in U.S.

Source: The World Property Journal --- The latest Mortgage Bankers Association Forbearance and Call Volume Survey has revealed that the total number of U.S. loans now in forbearance decreased by 3 basis points from 4.22% of servicers' portfolio volume in the prior...

Aging in Place Comfortably and Stylishly

Aging in Place Comfortably and Stylishly

Source: New York Times --- They never wanted to call it retirement, but for Susan Farnsworth, Leigh Hough and Jean-Philippe Jomini, a throuple — a romantic partnership of three people — that has lived together as an intentional family for over 15 years, it felt...

Combating Wire Fraud In The Mortgage Industry

Combating Wire Fraud In The Mortgage Industry

Source: Forbes --- As real estate transactions have moved online, so have scammers who hope to intercept money that's meant for down payments and funding loans. According to the FBI's 2020 Internet Crime Report, nearly 14,000 people fell victim to real estate/rental...