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Disaster recovery for mortgage servicers: Navigating crisis with compliance & resilience
California’s wildfires highlighted the chaos that natural disasters continue to unleash – not just on homeowners, but also on the mortgage servicers tasked with supporting them and the insurance industry that covers the cost of rebuilding. From wildfires to hurricanes, floods and earthquakes, each crisis tests a servicer’s ability to manage compliance, borrower support and investor expectations. Even if federal enforcement decreases, servicers remain accountable for assisting distressed borrowers and ensuring the continued stabilization of mortgage-backed securities (MBS). A structured, forward-thinking approach is essential for servicers to meet state regulatory demands while maintaining seamless borrower support and investor confidence, even amid unpredictable crises.
Fix-and-flip activity was down in 2024, but profit margins grew slightly
According to Attom’s 2024 U.S. Home Flipping Report, investors flipped 297,885 single-family homes and condominiums last year. That marked a 7.7% decline from 2023 and a 32.4% decline from the recent peak of nearly 441,000 flips in 2022.
