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The Federal Housing Administration will extend the foreclosure moratorium through Jan. 1, 2025, to help homeowners impacted by 2023 wildfires. FHA is taking this action due to the extent of the devastation from the wildfires, the reduced capacity for borrowers to access needed resources, and the unique challenges associated with the geographic location of Maui. ....
With competitive lending options and some of California’s most affordable prices, most Ridgecrest residents should be able to become homeowners or landlords and thrive in coming years. ....
Over the course of 2020 and 2021, while COVID-era financial assistance programs were in effect, serious mortgage delinquencies experienced a 75% drop from their pre-pandemic rate. Fortunately, that figure has ....
Do you use make up? Charles Revson of Revlon observed, back in the days when you could observe these things, "In the factory, we make cosmetics; in the store, we sell hope.” Informed mortgage people know that hope is not a strategy, and companies can’t hope that they’re never the victim of a hack. Here in the Dallas, Texas, area, headquarters of Mr. Cooper, the company was hit with a cyberattack forcing it to lock down its systems and impacting thousands and thousands of clients of hundreds of lenders whose clients rely on them. I don’t know if live-time cyber-attack maps are for real, but they are mesmerizing. Be careful out there! As of 2023, the average cost of a data breach in the United States amounted to $9.48 million dollars, up from 9.44 million U.S. dollars in the previous year. The global average cost per data breach was 4.45 million U.S. dollars in 2023. (Today’s podcast can be found here, and this week is sponsored by nCino makers ....
The Federal Housing Administration has extended current foreclosure protections for borrowers in Maui County to assist browsers impacted by the August wildfires. Under the protection, mortgage servicers will be prohibited from initiating or completing foreclosure actions through May 6, 2024. ....