The U.S. Department of the Treasury announced it has sent out more than $218 billion in less than five weeks, while the Department of Housing and Urban Development committed another $1 billion to assist homeowners.

The U.S. economy lost 20.5 million jobs in April and the unemployment skyrocketed to 14.7%, according to the U.S. Bureau of Labor Statistics (BLS).  The unemployment rate rose from the prior month’s 4.4%, with CNN reporting this being the most-sudden ...

Analysis by the Milken Institute says the private-label residential mortgage-backed security sector must come together on a uniform set of guidelines for borrowers impacted by COVID-19.

Five Star Global’s President and CEO was among the industry leaders who participated in Altisource’s Mortgage Industry Pandemic Summit.

The House Financial Services Committee sent a letter to some of the nation's largest lenders requesting information on how it communicated relief options to its borrowers. Click through to see what they were asking for.

Dana T. Wade was before the U.S. Senate Banking Committee Tuesday for a nomination hearing. She said, if confirmed, she would work to help the nation emerge from COVID-19 “a more prosperous economy.”

The wrath of COVID-19 has touched all facets of the housing market, and now law firms are offering a helping hand to servicers in their efforts to assist homeowners.

Also, a coalition of states sent a letter to HUD urging action to protect seniors with Home Equity Conversion Mortgages.

Richard Cordrary says the Bureau should be doing more to help consumers during this pandemic. Click through to read more.

New analysis shows that banks are growing wary of borrowers entering forbearance, and could tighten lending standards.