Patrick Couture of Planet Loan Servicing takes a deeper look at Debt Service Coverage Ratio loans, and the potential risks and challenges associated when dealing with inexperienced DSCR servicers.
Read More »Forecast: Finding the Top Housing Markets for 2024
Affordability may make a resurgence in 2024, and markets such as Toledo, Ohio; Oxnard, California; and Rochester, New York are being singled out as potential hot markets. Here are the other markets that are primed to perform next year.
Read More »HUD Outlines Top Challenges for the Year Ahead
In a new report, HUD’s Office of Inspector General outlines the most serious management and performance issues facing the Department in fiscal year 2024.
Read More »Homebuying Will Remain Expensive for the Foreseeable Future
According to a new report, the market will continue to be characterized by highly competitive buyers trying to snap up any and all available inventory.
Read More »Florida Bar Publishes Advisory Opinion Regarding AI
Attorney Roy Diaz takes a look at the Florida Bar’s Proposed Advisory Opinion regarding a lawyer’s use of generative artificial intelligence, as oversight may be drafted to ensure compliance with ethical standards.
Read More »Pending Sales Dropped in all Regions YoY
Month-over-month, contract signings intensified in the Northeast but diminished in multiple other U.S. regions. First American Deputy Chief Economist Odeta Kushi commented, “While there remains quite a bit of demand for homes on the sidelines, you can't buy what's not for sale, even if you can afford it.”
Read More »Servicer Prevails After a Challenge on Pre-Suit Compliance With HUD Regulations
Attorney Jamie Juster of McCalla Raymer Leibert Pierce discusses a recent case where the borrower argued that their lender failed to comply with HUD regulations by not conducting a face-to-face meeting to discuss loss mitigation options prior to foreclosure.
Read More »Migration Data Names Nashville as Latest Housing Hotspot
The tech hub of Austin, Texas, has been a beacon of migration during the pandemic, but tastes are changing, leading to Nashville becoming a destination hotspot for the first time since 2021.
Read More »Ginnie Mae Revises Its Definition of High Balance Loans
In order to more closely align with the FHFA’s hike in conforming loan limits for 2024, Ginnie Mae has revised its definition of High Balance Loans for single-family forward mortgage loans nationwide.
Read More »CFPB Fines Bank of America Over HMDA Violations
The Bureau has ordered the bank to pay $12 million into the CFPB’s victims relief fund for falsifying forms about mortgage applicants and reporting incorrect information to federal regulators.
Read More »
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