The National Association of Hispanic Real Estate Professionals and Freddie Mac are co-sponsoring a new housing-crisis survival guide titled "The American Nightmare: Strategies For Preventing, Surviving and Overcoming Foreclosure." Written by housing counselors Sylvia Alvarez and Walter Walker Jr., the book offers consumers a step-by-step analysis of the obstacles people face in foreclosure and the practical solutions available to them. "Too many times, people are doing nothing to save their homes simply because they don't know their options," said Rebecca Gallardo-Serrano, chairman of NAHREP. Latinos have been disproportionately affected by the foreclosure crisis and stand to lose about $94 billion in personal wealth, the association said. NAHREP can be found online at http://www.nahrep.org.
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New York Life's investment arm is buying a majority stake in Verus' parent, as higher rates draw insurers to non-QM. Lenders should expect deeper-pocketed buyers and competition.
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The agreement expands the top-5 bank servicer's relationship with the technology company, claiming it brings its full portfolio to the MSP platform.
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The typical mortgage company is well behind the average fintech, insurance company and bank in terms of AI development and maturity, according to a new survey.
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Federal Reserve Gov. Michael Barr said artificial intelligence has not yet had a material impact on the labor market, but governments and businesses should be prepared nonetheless.
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DRB Group is partnering with Acrisure Mortgage and Alta Home Lending to start two mortgage joint ventures set to open in January 2027, the company announced.
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Servicers may need to use some of their less common risk management tactics rather than solely relying on borrowers holding significant equity, Andy Walden said.
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