HUD settles with PHH over alleged mortgage payment fees that violated FHA rules

The U.S. Department of Housing and Urban Development (HUD) on Monday announced that it has reached a settlement with PHH Mortgage Corp., a division of the Onity Group, over the alleged imposition of fees for borrowers making payments on their mortgages, which is in violation of Federal Housing Admin

Here’s why Trump’s presidency is keeping agents up at night

The real estate industry went through a lot last year. The word “fear” plagued the minds of many industry professionals as the business underwent seismic shifts, and as President-elect Donald Trump enters office next week, these feelings still ring true for a sizable chunk of agents.This finding com

Wildfire damage with a reverse mortgage? Here’s what to do

It’s imperative for reverse mortgage borrowers to contact their insurance carrier if their property has been damaged in the ongoing Southern California wildfires, and to let their servicer know of anything that could impact their occupancy of their property due to the terms of Federal Housing Admini

Over 400K mortgages may be underinsured for flood risk: CFPB

The Consumer Financial Protection Bureau (CFPB) has found that homeowners facing flooding from rivers and creeks are more likely to be underinsured against flood risk than homeowners in coastal areas, according to a report published on Monday.The report is based on a sample of mortgage applications