"October 7, 2024" Archives

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Home purchase sentiment hits highest level in two years

Consumer confidence toward purchasing a home increased in September to its highest level in more than two years due to the expectation of lower mortgage rates, according to Fannie Mae’s Home Purchase Sentiment Index (HPSI).   But that’s only an early sign that the market is shifting. Due to the expectation of rising home prices in…

Adapting to change: Innovation and transformation in loss mitigation

We are seeing tremendous transformation within the loss mitigation space. Remedies for distressed borrowers previously limited to bankruptcy relief have seen significant expansion through the creation of FHFA, Dodd-Frank, and the CFPB. Hardships have been expanded to include weather disasters and the COVID-19 pandemic. More recently, we have seen an extension and expansion of loss…

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