The U.S. Department of Housing and Urban Development plans to speed federal disaster assistance to homeowners in three western New York counties recently forced from their homes by recent severe storms and flooding. The assistance is aimed at supporting homeowners and low-income renters in Cattaraugus, Chautauqua and Erie counties in New York who were affected by the flooding and storms. Assistance is available through, among other things: a 90-day moratorium on foreclosures and forbearance on foreclosures of Federal Housing Administration-insured home mortgages, HUD's Community Block Grant and HOME programs, and HUD's section 203(h) mortgage insurance program for disaster victims who have lost homes and are seeking to rebuild new ones.
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Technology and customer service were the two largest categories within operational expenses last year, according to the Mortgage Bankers Association.
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Bright partnered with real estate data and analytics platform HouseCanary to deliver exposure on Google at no additional cost or operational efforts.
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The move may have been related to the government-sponsored enterprise's duration gap but could also have resulted from many other considerations.
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The lawsuit is the third against a California-based mortgage company this month after revelations of another early-2026 incident at a wholesale lender.
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The Bank of International Settlements compared the recent AI investment frenzy to the canal mania of the 1830s, the British railway craze of the 1840s and the dot-com boom of the late 90s.
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Fake jumbo mortgages are helping non-agency securitization growth, but these loans could have higher than expected delinquency rates, an analysis said.
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