Friday , 18 September 2020

Buzz Feed

HUD Grants Almost $2 Billion for Eviction Protection

U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson Friday announced the allocation of the remaining $1.988 billion in CARES Act funding for the Community Development Block Grant (CDBG) program.  The allocation focuses funds towards places with households facing higher risk of eviction. To date, HUD has provided nearly $5 billion in CDBG funding nationwide to help … The post HUD Grants …

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The Pace of iBuying is Picking Up

With many businesses hitting pause in wake of COVID-19, the purchase of homes among iBuyers dropped off 88% year over year in the second quarter, according to Redfin.com.   Research indicates a domino effect. iBuyers are defined as real estate companies that incorporate technology and AI to make immediate offers on properties, as previously reported, in order to … The post The Pace …

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Fannie Mae Announces 17th Sale of Reperforming Loans

For about a decade GSE Fannie Mae has been carrying delinquent mortgages that have started performing again (that is, payments on the mortgages have become current with or without the assistance of modification of loan terms). Fannie Mae packages and markets the reperforming loans to investors, usually through a money center bank. Fannie Mae last … The post Fannie Mae …

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2 Million Forbearance Plans Set to Expire This Month

There was an improvement in the number of active forbearance plans this past week. The latest data from Black Knight shows that more than two million forbearance plans are set to expire in September. That number is already down 350,000 to 1.7 million in the first full week of the month as those expirations begin … The post 2 Million …

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3 New Types of Sustainable Insulation

Sustainable insulation materials include things that are rapidly renewable and non-toxic. Have you ever worked with fiberglass insulation? It can get up your nose and cause your hands and any exposed areas to itch. It can get into your lungs and cause complications. Sustainable insulation is made from natural products such as wool, cotton, and soy-based foam insulation. Below, we …

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Consumers More Upbeat on Buying and Selling Despite Lower Price Expectations; Rates Are NOT At All-Time Lows

Fannie Mae says its Home Purchase Sentiment Index (HPSI) which, before a slight setback in July, had been rebounding strongly from its April COVID-19 related plunge, got back on track last month. The August index, based on responses to six questions in the National Housing Survey (NHS), increased 3.3 points to a 77.5 reading. Five of the six components rose …

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Five Star Virtual Conference to Unite Industry Next Week

In a year defined by the unexpected, next week’s Five Star Virtual Conference will bring together industry representatives for two days of discussion and education on best practices and lessons learned. There’s still time to register here. The post Five Star Virtual Conference to Unite Industry Next Week appeared first on theMReport.com.

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Industry to Convene for Five Star Virtual Conference

On September 14-15, representatives from mortgage servicers, government agencies, service providers, and more will gather virtually for two days of education, discussion, and networking. Here’s how to participate. The post Industry to Convene for Five Star Virtual Conference appeared first on DSNews.

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