HUD posts updated servicing defect taxonomy for stakeholder review

The U.S. Department of Housing and Urban Development (HUD) on Wednesday posted an updated draft of its proposed defect taxonomy for servicing Federal Housing Administration (FHA) loan reviews.The revised policy will “provide clear guidance to mortgage servicers regarding FHA’s servicing loan review
Read MoreCFPB proposes new servicing rules that would focus on foreclosure assistance

The Consumer Financial Protection Bureau (CFPB) on Wednesday announced a newly proposed rule that would amend Regulation X and require mortgage servicers to emphasize borrower assistance and loss-mitigation options over foreclosure when a borrower struggles to make their required mortgage payments.“
Read More‘Owning Manhattan’ becomes recruitment supertool for SERHANT.

Brokerages know that the recruitment of real estate agents and teams is always competitive, and some have found it even more so in the wake of the National Association of Realtors’ settlement that’s prompted agents to reevaluate their businesses.But SERHANT. has shot its brand to the top of every ag
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As expected, Federal Reserve Chairman Jerome Powell did not set a timeline for lowering interest rates during his semiannual monetary policy report to Congress on Tuesday morning when participants complained about the effects of a tightening monetary policy in the housing market. Powell indicated th
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