The new mortgagee letter reverses the Administration's current policy that says loans in forbearance are not eligible for insurance.
Read More »‘Disasters Happen at the Community Level’
Industry leaders from government, banking, and housing shared insights on how the industry can be prepared for the next natural disaster during Wednesday's Virtual Disaster Preparedness Symposium. Among the topics discussed during the event were the long term impacts of ...
Read More »‘Far Too Early’ to Know Impact of GSE Framework
However, several economists say mortgage rates could rise on low-income borrowers to meet requirements set forth by FHFA Director Dr. Mark A. Calabria.
Read More »The Government’s Impact on Mortgage Servicers
Ed DeMarco, President, Housing Policy Council, recently appeared on DS5: Inside the Industry to share his thoughts on recent actions by the federal government to help both homeowners and mortgage servicers. Editor's note: This feature appeared in the May edition of DS News.
Read More »Iowa Gov.: Foreclosure Moratoriums Will Not be Extended
A report says the state will establish a program to assist borrowers who have been impacted by COVID-19.
Read More »The Week Ahead: Will Forbearance Volumes Continue to Flatten?
Also in The Week Ahead are reports on construction spending and the unemployment rate, and the U.S. Senate Banking Committee will hold a hearing on updates regarding the CARES Act.
Read More »Additional 2.1M Americans File For Unemployment
Delinquencies recorded its highest monthly gain during a period where more than 30 million people are claiming benefits.
Read More »Delinquency Rates Rise in Latest Freddie Mac Summary
While the GSE announced unpaid principal fell by $7.8 billion, mortgages past due are at their highest level in 2020.
Read More »Impact of COVID-19 on Renters, Homeowners
During a virtual roundtable with the House Financial Services Committee, industry leaders said renters need a long-term solution once eviction moratoriums are lifted.
Read More »‘Tides Have Changed’ For Fannie Mae, Freddie Mac
Commentary on the GSE’s response to the COVID-19 pandemic says it gave Congress options to assist homeowners, with one insider saying, “the private market can’t save us.”
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