Digital Mortgage Direct Page

Complaints to the bureau hit an all-time high in April. More than one in five said servicers wouldn't grant deferrals, forced borrowers into forbearance or violated other requirements of the coronavirus relief law.

The number of home sales in the greater New Orleans area dropped sharply in April as the coronavirus pandemic locked down the economy, but prices mostly held steady as many sellers withdrew their properties and took a "wait-and-see" position amid the unprecedented market conditions.

Maui real estate activity slowed in April as the effects of dramatically reduced new listings and resulted in a big drop-off in pending sales.

Thousands of fewer homes came onto the market in the St. Louis metro area last month than normal — just 2,400 new listings each week, a 42% drop over this time last year, according to realtor.com.

After ending 2019 on a high note, Ocwen Financial posted an income loss in the first quarter due to the unexpected costs and volatility created by COVID-19.

Russell Shinsky, CPA, CGMA, is co-managing partner at Anchin, Block & Anchin LLP and a member of the firm’s Executive Committee. He is the firm’s assurance practice leader where he focuses on the efficiency and technical proficiency of Anchin’s attest practice.

Ayme Zemke is a senior vice president of client service at Beehive Strategic Communication.

Hiring by nonbank mortgage and brokers held up unusually well through the early days of the coronavirus outbreak in March, but April's all-time high in unemployment suggests that's unlikely to last.

Marc Rosen is co-founder of the Client Experience Institute, where he consults with professional service providers who are looking to redefine how value creation is created, delivered and acknowledged. Reach him at (216) 401-5445 or at mrosen@clientei.com.

Three of the four had fewer new notices of delinquency for the quarter, but that should change going forward.