Federal mortgage relief programs approved for Texas, Florida
The two states' combined plans amount to over $1.5 billion of the Homeowner Assistance Fund included within the American Rescue Plan Act , which was passed a year ago.
Florida
Rise in hurricane recovery times could strain mortgage servicers
The potential for longer homeowner recovery times from hurricanes could hurt mortgage companies that need to advance funds to investors from missed payments.
Ocwen whittles servicing suits down to two with latest settlement
Now that Ocwen settled the servicing practices lawsuit brought by the Massachusetts attorney general, just two outstanding complaints remain from the 30 filed nearly two years ago.
Alternative lenders try to fill void left by shutdown
The tricky part: raising awareness without appearing to take advantage of borrowers at a time when agencies like the SBA are out of commission.
Why this hurricane season may be harder on servicers than Irma and Harvey
There are almost 7 million coastal homes facing more than $1.6 trillion in potential storm-surge reconstruction expenses this year, representing a 6.6% cost increase from last year's hurricane season.
Ocwen Financial gets closer to detente with the states
A new settlement with Massachusetts resolves all outstanding administrative actions against Ocwen Financial Corp. by a group of 30 states, but two states' legal actions against the servicer remain outstanding.
Delinquent mortgage issues persist in hurricane-affected states
There was a modest decline in hurricane-related delinquent mortgages in February, a sign that there are lingering problems in the affected markets.
Equipment lending could take off under new tax structure
Banks that have flocked to the business because of higher yields and loan diversity stand to benefit if clients use tax savings to upgrade equipment.
Inventory shortage to drive home value increase in 2018
Home values grew during 2017 at their fastest pace in four years and the same supply and demand dynamics behind that increase remain in place for 2018.
Hurricanes cause rise in late mortgage payments for September
Early-stage mortgage delinquencies had their largest year-over-year gain during September in over eight years, a direct result of Hurricanes Harvey and Irma.
Harvey-impacted borrowers have healthier equity than those of Irma
The majority of borrowers impacted by Hurricane Harvey have a significant amount of equity, while many in Hurricane Irma disaster areas have limited or negative equity, according to Black Knight Financial Services.
Investors seek change to Freddie CRT policy in storms’ wake
Mortgage investors want Freddie Mac to align its policy with Fannie Mae's when it comes to how delinquencies related to Hurricane Harvey affect credit risk transfer deals.
RMBS exposure to Irma could be high for a single storm
Hurricane Irma could potentially affect more private-label mortgage securities collateral than any other recent storm.
