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A Flood of Borrowers Will Exit Forbearance This Year: What Lenders Should Know
Source: Maxwell --- As of May 11, over 2 million homeowners remain in forbearance plans related to COVID-19, according to Black Knight data. The good news: Forbearance volume has declined steadily over the month across all types of loan plans. But even as forbearance...
FHFA’s final ‘living wills’ rule ignores industry concerns
Source: Housing Wire --- On May 13, FHFA Director Mark Calabria wrote an op-ed published in the Wall Street Journal defending the final ‘living wills’ rulepublished in the Federal Register on May 4. The key to this op-ed is understanding what was left out. His clear...
Paying To Work? Gephardt Breaks Down Hidden Costs of Working From Home
Source: KSLTV --- WEST JORDAN, Utah – Jody Ware has been earning his paycheck from inside his West Jordan home since the pandemic began. “I’ve been wanting to do it for years, so this is like a dream come true,” said Ware.
The Final Word on FICO’s Credit Checks and Inquiries.
Source: Blue Water Credit --- FICO is the preeminent credit reporting service in the United States, with 90% of all lending decisions in the United States dictated by FICO every single day. While there’s a lot of useful information about FICO (including our...
Rate-Conscious Homeowners Are Repeatedly Refinancing Their Mortgages. Is Another Refi Right for You?
Source: Money --- Carlos Barros was elated when he refinanced his mortgage back in May 2020, locking in a 3.125% rate and reducing his monthly payments by about $220. Unfortunately, the feeling didn’t last long. “Just a week or so after I closed on my refinance —...
Senators reintroduce bill to allow remote online notarizations
Source: Housing Wire --- Could it finally be happening? Senators Mark Warner (D-Va.) and Kevin Cramer (R-N.D.) have reintroduced federal legislation that would allow remote online legislation (RON) nationwide. Dubbed the Securing and Enabling Commerce Using Remote...
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