(Orange County Register/SCNG) The Consumer Financial Protection Bureau proposed a new rule last Monday requiring mortgage servicers to delay foreclosure proceedings on principal residences until after Dec. 31. The proposed rule would affect all servicing lenders, not just Fannie, Freddie, FHA and VA servicers that fell under the original CARES Act forbearance mandates. The CFPB […]
Is This the New Normal for Homeownership?
The homeownership rate is on the decline again. The latest numbers reflecting the fourth quarter of 2016 show the homeownership rate fell from 63.8 percent a year earlier to 63.7 percent, the Census Bureau reported. While the drop may seem slight, it reflects an overall trend for homeownership in the country for the past few […]