Will the recession brought on by COVID-19 be a long one? One economist seems to believe it will be short-lived.
Read More »CFPB, FHFA Partner on Borrower Assistance Program
Dr. Mark A. Calabria said of the announcement, “No one should be worried about losing their home.”
Read More »A Snapshot of Mortgage Forbearance Trends
Click through to see the increase in the number of mortgages being deferred over the past week.
Read More »Wells Fargo, JPMorgan’s Revenues Drop
Click through to read more details on the balance sheets for the banking giants during Q1 2020.
Read More »3.5 Million New Mortgage Delinquencies Possible
With unemployment projected to hit 15% during Q2 2020, gauging the impact of COVID-19 is “as much an art right now as a science.”
Read More »DS5: The Shifting Housing Landscape and Remote-Working Challenges
In the latest episode of DS5: Inside the Industry, we spoke to ACC Mortgage’s Robert Senko about Fed actions and zoning shifts, while FHFA diversity leader Sharron Levine provided insights into how the agency and industry are managing the workforce changes brought on by COVID-19.
Read More »Ginnie Mae Expands Servicer Liquidity Facility
The company’s Principal EVP said it is an “extraordinary and last-resort option” for issuers during the spread of COVID-19.
Read More »St. Louis Fed Economist on Recession Threat, Housing
Williams Emmons of the Federal Reserve Bank of St. Louis discusses policy and the state of the economy. This feature originally appeared in the April issue of DS News.
Read More »OCC Intends to Move Forward With CRA Changes
The Comptroller of the Currency said further delays would “prevent these valuable resources” from reaching distressed areas.
Read More »Mortgage Industry Braces for Spike in Delinquencies
A new report says that 4.31% of Ginnie Mae loans are in forbearance and that could increase to more than 10%.
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