FHA announces new changes to loss mitigation waterfall 

The Federal Housing Administration (FHA) announced on Monday changes to its loss mitigation options for borrowers struggling to pay their mortgages.  The announcement follows the Biden administration’s decision to set an end date for the COVID-19 pandemic national emergency declaration.  Meanwhile, the FHA-Home Affordable Modification (FHA-HAMP) options were temporarily suspended

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Home price growth continued to soften in November

Yearly home price growth continued to cool in November as mortgage rates reached some of their highest levels in decades, which resulted in annual home price gains shrinking for the eight consecutive month, according to the S&P CoreLogic Case-Shiller National Home Price Index, released Tuesday. Nationwide, home prices posted an annual

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Cenlar FSB names Jim Daras as CEO and president

Cenlar FSB, the second-largest mortgage servicer and largest sub-servicer in the U.S., has appointed D. James ‘Jim’ Daras as its CEO and president. Daras’ professional career spans more than four decades in the banking and mortgage banking industry. His specializations include risk management, banking and corporate finance functions, bank restructuring,

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