Loss Mitigation

The GSE transfers a combined $926 million of mortgage credit risk to private insurers and reinsurers in its latest two CIRTs as it continues to reduce taxpayer risk by increasing the role of private capital in the mortgage market.

According to Black Knight’s “First Look” at February 2023 data, the spike was “driven by a nearly 65K increase in those just a single payment behind.” Click through to see what the data looks like for prepayments, foreclosure starts, and more.

Former President and COO of Mr. Cooper and C-suite executive tapped to lead the management of all operational aspects for the mortgage servicer.

At the Low Income Housing Forum, Treasury Department Deputy Secretary Adeyemo reports that nearly 10.8 million Emergency Rental Assistance payments have been made to keep families in their homes.

The Hartford Home Fire Index, published by The Hartford, a property and casualty insurance provider, has released its third index tracking the probability of home fires in the top 150 metropolitan areas.

The MBA reports that servicers’ portfolio volume in February dropped four basis points to 0.60% month-over-month, as approximately 300,000 homeowners nationwide remain in forbearance plans.

Five Star’s inaugural REO Connect event will serve as a hub for industry professionals committed to making the REO process profitable, efficient, and effective at eliminating blight from neighborhoods nationwide.

To better serve areas impacted by weather-related disasters, HUD forms new office focused on disaster recovery, with an injection of $3.3 billion in funding to help communities across the country recover and rebuild.

Robert A. Riether Esq. takes a closer look at vexatious litigation, and its impact within the legal system in the states of Arizona and Nevada.

“With prices beginning to decline in selected metro areas and many more to follow over the next couple years, mortgage lenders and investors will have to tighten underwriting standards and increase selectivity until house prices bottom,” said Dennis Capozza, Professor Emeritus of Finance in the Ross School of Business at the University of Michigan.