A poll of late-paying mortgage borrowers finds that 57% aren't aware that their lender may be able to offer plans that would help them avoid foreclosure. However, when specific workout alternatives were mentioned, the percentage of homeowners aware of options like repayment plans and loan modifications actually increased. The poll, commissioned by Freddie Mac and conducted by Roper Public Affairs and Media, also found that 44% of delinquent borrowers are aware of the existence of housing counselors who can talk to them about their mortgage problems. The survey indicated that the percentage of delinquent homeowners who say they recall their mortgage servicer reaching out to them has increased, to 86%, up from 75% in a similar survey three years ago.
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The Federal Housing Administration, the Department of Veterans Affairs and the Federal Housing Finance Agency have started gathering data and analyzing how climate risk will impact the housing ecosystem.
9h ago -
A special committee is exploring any possible structural "strategic alternatives," which would be aimed at increasing shareholder value, the real estate investment trust said.
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An insurance-indexed debt-to-income ratio could help mitigate borrowers' rising premiums, and help maintain a healthy servicing portfolio, experts said.
April 22 -
But the number of properties whose mortgage is more than 90 days late is at its lowest since 2006, ICE Mortgage Technology said.
April 22 -
Industry leaders expressed a high degree of satisfaction with technology in use, but also said a product's cost is the most important criteria for them when partnering with vendors, according to Fannie Mae research.
April 22 -
The top five loan officers produced an average of 628 loans in 2023.
April 22