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HUD is Loaded But Won’t Lower MI

HUD has over 3 times the amount of required reserves it needs but won’t lower MI. Why not? Probably because they’re bracing for that wave of foreclosures we’ve been talking about over here at the NREP for months now. It’s all coming to a head and there’s going to be...

CFPB Kicks Forbearance Down the Road 6 Months

In an effort to stave off the pending forbearance/foreclosure crisis we’re facing, the CFPB has decided it’s best to kick the can down the road yet another 6 months. This so probably a very good idea considering there isn’t any real plan in place on how to handle...
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