The findings point to excessive late fee amounts and unnecessary property inspections, among others, according to the CFPB.
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Homes owned by Black families have appreciated more than any others since the onset of the COVID-19 pandemic, according to Zillow.
With many borrowers still struggling, industry leaders are working on new solutions to the loss mitigation toolkit, including successors for the Covid-19 partial claim options.
The FHA’s MMI Fund achieved a capital reserve ratio of 11.11% as of September 30, an increase of three percentage points compared to 2021.
Amid fears and talk of a recession, job growth in the U.S. remained strong in July, with nonfarm payroll employment rising by 528,000 jobs from the month prior, according to data released Friday.
A congressional subcommittee found that from March 2020 to July 2021, as many as 29% of Invitation Homes’ eviction cases resulted in the tenant ultimately losing their housing — a rate more than four times higher than the rate it represented to Fannie Mae.
The national mortgage delinquency rate rose in June after hitting consecutive record lows in each of the previous three months.
FHA swill grant underwriting flexibility to borrowers in cases in which they experienced negative financial effects from the COVID-19 pandemic.
Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs.
A North Providence, Rhode Island woman pleaded guilty to falsifying information in order to get a Federal Housing Administration-backed loan and for theft of government property totaling over $40,000, the Department of Justice announced on Wednesday.
The serious delinquency rate in the FHA loan portfolio is now less than half its pandemic peak, and HUD said sustained improvement will factor in to whether it adjusts mortgage insurance premiums.
Lack of hands-on experience and unprecedented market conditions spurred by the pandemic pose the biggest challenges to new real estate agents.