Morgan Stanley will work with the FHFA, and the Department of the Treasury as the GSE looks to “responsibly” ending conservatorship.
Read More »FHFA to Re-Propose Financial Requirements for GSEs
The Agency said the prior recommendations “will not be finalized and implemented” as planned. Click through to read more.
Read More »Maxine Waters: OCC Rushed Out ‘Harmful Rule’ For CRA
The Chairwoman of the House Financial Services Committee said the former Comptroller of the Currency’s ruling will result in disinvestment in many communities across America.
Read More »Redlining Results in 52% Less Home Value for Homeowners
The analysis continued by saying African-American are five times more likely to own a home in redlined areas.
Read More »DS5: COVID-19’s Impact on Foreclosure Volumes
Daren Blomquist, Auction.com's VP of Market Economics, said while forbearance has given homeowners a chance to "get back on their feet," foreclosure volumes are expected to rise.
Read More »Fed: No Change in Interest Rates Until Economy Recovers
The Federal Reserve also announced that it intends to increase its holds of mortgage-backed securities over the coming months. Click through to read more.
Read More »No States Report Increase in Serious Delinquency Rates
Additionally, mortgages more than 90 days past due remained at the lowest level since June 2000. Click through for more information.
Read More »White Paper: COVID-19’s Long-Term Impact on Housing, Mortgage Industries
Click through to read more on what the long-term effects of the coronavirus could be for the housing and mortgage industries.
Read More »Residential Mortgage Services Donates More than 30,000 Meals
RMS’s financial support was directed to various food banks in the local communities the Company serves, including Connecticut, Massachusetts, Maine, Maryland, North Carolina, New Hampshire, New York, Pennsylvania, Rhode Island, and South Carolina.
Read More »Housing, Economy Turning Corner Amidst COVID-19
While the unemployment rate remains above 13%, home building added more than 260,000 jobs in May.
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