Mortgage Firms Warned to Prepare for a ‘Tidal Wave’ of Distress

Mortgage Firms Warned to Prepare for a ‘Tidal Wave’ of Distress

There is a tidal wave of distressed homeowners who will need help,” Dave Uejio, the CFPB’s acting director, said in a statement; companies “that are unable to adequately manage loss mitigation can expect the bureau to take enforcement or supervisory action.”  At the...
2021 real estate predictions:  What happens to residential and commercial values and interest rates

2021 real estate predictions: What happens to residential and commercial values and interest rates

What a year 2020 has been!  The pandemic struck, unemployment has hit records, there was a nice rebound in the summer, and recently a downward trend due to the spike in Coronavirus cases.  What does 2021 hold for the economy, interest rates, and residential and...