True Stories: Hybrid, eNote and RON Implementation

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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.

Real Estate

[Video] Massive sinkhole in Florida forces mobile home evacuation

60-foot wide hole suddenly appears

Residents were forced to evacuate after the formation of a 60-foot wide sinkhole just 25 feet from the nearest backyard in Tarpon Springs mobile home park, according to an article by Peter Bernard for NBC News.

Water is turned off in the area, and surrounding areas are being asked to reduce water usage to reduce the pressure on the force main, according to the article.

From the article:

A spokesperson described the hole as a known sinkhole, and said that crews worked on it about six weeks ago. The city had contractors working in the area to repair a previous road collapse when the hole opened up.

About three years ago, CoreLogic produced a heat map highlighting verified sinkholes in Florida. According to the map, the state is riddled with verified sinkholes.

In the summer of 2013, CNBC reported on the problems sinkholes were bringing to home builders. The builders were being forced to move further outside the city, and build on lower quality sites to avoid the sinkhole problem. 

On rare occasions, sinkholes can cause fatalities.

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

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