Servicing

The requirement for FHA borrowers in default was put on hold for the pandemic and extended multiple times, and the industry's waiting to see what happens to it next.

The Redfin study covers property transactions between January 2021 and September 2022.

The uptick in the 60-day-plus metric could reverse the bulk of the decline that occurred between 2019 and 2021.

The Lansing, Michigan-based firm was awarded the contract this spring and takes over from Novad Management Consulting, which had previously serviced government-held HECMs since 2014.

The tool, which includes overlays for industry metrics like delinquencies, could be helpful to policymakers trying to size up the cost of natural disasters affecting properties.

Despite a large annual increase, new foreclosure starts are still only near 80% of pre-pandemic levels.

The products are currently limited to a single distribution channel, but the company hasn't ruled out offering them through third-party originators in the future.

Forbearance could be used regularly to address a broader range of hardships, but how expansive that range should be is subject to debate.

Higher inflation and mortgage rates led to the increased likelihood that conforming loans originated in the three months ended Sept. 30 would go 180 or more days delinquent, Milliman found.

Home prices dropped again on a monthly basis in October, exacerbating the loss in home equity among recent buyers, but the size of the falloff was the smallest since June.