Consumers were feeling a little better about the housing market in October, but remain pessimistic overall. Only 20% of consumers believe it’s a good time to purchase a home, according to Fannie Mae’s Home Purchase Sentiment Index. The October HPSI increased by 0.7 points to 74.6, its highest level since February 2022 and a decent…
Officials at the Consumer Financial Protection Bureau have issued a reminder about zombie mortgages, saying threatening homeowners regarding uncollected time-barred debts violates the Fair Debt Collection Practices Act. The guidance warns that it is illegal for debt collectors to threaten foreclosure on silent second mortgages with statutes of limitations that have expired. “Some debt collectors,…
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