The next wave of servicing regulation is coming – Are you ready?

Join this webinar to learn what servicers need to know about recent and upcoming servicing compliance regulations and strategies experts are implementing to prepare for servicing regulatory audits.

In a purchase market, rookie LOs may struggle

Rookie LOs in 2020 could ride the refi wave and rack up a hefty monthly paycheck without Herculean effort. But these days, they'll have to sing for their supper.

Logan Mohtashami on trends in forbearance exits

In this episode of HousingWire Daily, Logan Mohtashami discusses several hot topics in the housing market, including recent trends in forbearance exits and future homebuyer demand in the midst of inventory shortages.

Natural disasters and forbearance: What borrowers and mortgage servicers need to know

With a rise in natural disasters, including wildfires, hurricanes, floods, tornadoes and mudslides. The mortgage industry needs to be proactive in examining programs to help borrowers recover.

Politics & Money

HUD finally confronts decades of staffing shortages

Secretary Fudge said in March that the agency was "thousands of people short"

HW+ HUD

The Department of Housing and Urban Development (HUD) announced it has filled another round of positions, as it confronts decades of staffing shortages.

“These talented and diverse individuals join HUD ready to deliver results for the American people by tackling our nation’s housing challenges to build a stronger, more equitable America,” the agency said in a press release.

HUD Secretary Marcia Fudge assumed the top post at the agency at a time when it was already battling long-term and increasingly dire staff shortages.

A 2018 HUD Inspector General report found that “constant turnover and extended vacancies” had hobbled the agency’s management and business functions. “HUD could not fill essential positions with officials who stayed long enough to implement a vision and effect sustained positive changes,” the report’s authors concluded.

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