True Stories: Hybrid, eNote and RON Implementation

Join expert panelists that will discuss the status of federal legislation, trends in digital adoption and how best to prepare your organization for the next generation of lending processes.

Logan Mohtashami talks jobs report, mortgage forbearance

Lead Analyst Logan Mohtashami discusses his recent article on the latest jobs report and the most likely impact on the housing market and mortgage forbearance.

UWM has a plan to win a war of mortgage attrition

UWM's margins will fall all the way down to 75 to 110 bps. Mat Ishbia says it's the perfect environment to prove that his mortgage firm is truly elite.

Lunch & Learn about underserved markets and affordable housing

Experts in this discussion will focus on how the mortgage industry is working to right previous wrongs and champion a housing market that serves all.

Politics & MoneyMortgage

CFPB targets “zombie” foreclosures

Borrowers don't realize they still own their homes

The Consumer Financial Protection Bureau is probing "zombie" foreclosures, a phenomenon first revealed by Reuters last year, Michelle Conlin reports.

Thousands of borrowers across the country were the unwitting owners of zombie homes. Many were on the hook for thousands of dollars of mortgage debt, code violations and municipal services like water and trash.

The CFPB said it had ideas to help resolve the problem such as creating a national definition of "abandonment", hastening the foreclosure process so vacant homes can more quickly be transferred to potential owners and non-profits, and creating a national registry of zombie properties.

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A Federal Housing Finance Agency (FHFA) report highlighted the perils of low-rates for Fannie Mae and Freddie Mac’s single-family Credit Risk Transfers.

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3d rendering of a row of luxury townhouses along a street

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