Loss Mitigation

The Bureau’s new Supervisory Highlights report examines ways in which some mortgage servicers have attempted to run-up unlawful fees charged to homeowners.

Coastal areas and large cities are the most likely candidates to see home price declines in the future.

"The slight uptick in economic risk from 2022 Q3 to Q4 was offset by a decrease in borrower and underwriting risk, leading to the overall default risk remaining flat," said Jonathan Glowacki, a principal at Milliman.

Kurt Johnson has been named CFO of the mortgage servicer as Jaime Gow transitions from CFO to Strategic Advisor. In addition, Christine Paxton has been named EVP and Chief Risk and Compliance Officer.

Florida courts have seen a rise in equitable lien foreclosures in what appears to be an attempt to defraud “unsophisticated and unsuspecting third-party purchasers at foreclosure sales.”

January performance data decreased by 10-basis points in the national delinquency rate over December.

By merging Roostify’s digital mortgage tech platform with CoreLogic’s data, clients will have access to critical information about borrowers and properties at the beginning of the loan process.

According to CoreLogic, foreclosure rates remained near record lows to close out 2022, as healthy employment numbers helped borrowers remain current on their payments.

The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to nearly 4% of all loans outstanding at the end of Q4 of 2022.

New Request for Information seeks industry input on ways to enhance FHA’s 203(k) Rehabilitation Mortgage Insurance Program to support the nation’s housing supply and affordability.