Distressed

The Federal Housing Administration may soon complete the modernization of "face-to-face" rules and end a temporary, partial exemption from the original mandate.

The Treasury, CFPB and Federal Trade Commission are joining forces to warn consumers about predatory practices in financing solar energy panels.

Crisis-era issues highlight why certain measures like equity and insurance innovations may be good for servicers to have on hand, a new report suggests.

As a result of the high-pressure sales tactics, consumers could lose their homes to foreclosure or bankruptcy, the Center for Responsible Lending said.

The annual J.D. Power mortgage servicer study found a six-point rise in the industry average score but also that consumer financial health slipped downward.

Forbearance rose for the first time since October 2022 in one report. Delinquencies jumped from a near-record low in another. Experts debate the ramifications.

The proposal would add reforms aimed at broadly prioritizing owner-occupant access and end the "test" or "demonstration" mode these sales have been in since 2002.

Further efficiencies could aid servicers, and improved performance may be a reason for lenders to open the credit box, experts at an Urban Institute event said.

Property insurance and taxes account for over one-third of current loan performance risk, according to Auction.com's recent survey of default servicing leaders.

Financial security is a concern for 31% respondents who said they feel less well-off than their parents or grandparents, a Nationwide survey found.