The Director appeared before the House Financial Services Committee to address claims by critics that the GSEs and FHFA had prioritized capital over homeowner assistance. Read on for Calabria’s response.
Read More »Hurricane Sally Brings ‘Extensive’ Damages to Gulf Coast
With damages still being calculated, Fannie Mae released a statement to remind impacted homeowners of their options.
Read More »Homespire Mortgage Adds VP Scott Valletti
Homespire Mortgage (HMC), residential mortgage lenders, announced Scott Valletti as VP of Mortgage Servicing, to lead and advance its loan servicing program. Prompted by recent industry shifts and significant increases in new purchase loan volume, Homespire is growing its loan servicing capabilities ...
Read More »Martin Ford Named VP, Credit Risk, Churchill Mortgage
Ford said, “Churchill’s goal is to provide its customers with a world-class experience, and I am ready to use my skill set to ensure that our homebuyers are receiving the best loan products for them in the ever-changing market.”
Read More »Consolidated Analytics Announces 118% Growth
Consolidated Analytics, an end-to-end provider of mortgage solutions, announced that it has been named to INC Magazine’s list of fastest-growing private companies for the second consecutive year. The Inc. 5000 list represents the most successful and fastest-growing companies within the ...
Read More »HUD Grants Almost $2 Billion for Eviction Protection
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson Friday announced the allocation of the remaining $1.988 billion in CARES Act funding for the Community Development Block Grant (CDBG) program. The allocation focuses funds towards places with households facing higher risk of ...
Read More »Fannie Mae Announces 17th Sale of Reperforming Loans
For about a decade GSE Fannie Mae has been carrying delinquent mortgages that have started performing again (that is, payments on the mortgages have become current with or without the assistance of modification of loan terms). Fannie Mae packages and ...
Read More »2 Million Forbearance Plans Set to Expire This Month
There was an improvement in the number of active forbearance plans this past week. The latest data from Black Knight shows that more than two million forbearance plans are set to expire in September. That number is already down 350,000 ...
Read More »California Wildfires Have Burned 2 Million Acres
Two of the three largest fires in California's history are burning in the San Francisco Bay Area. Wildfires have burned a record 2 million acres in California this year, and the danger for more destruction is so high the U.S. ...
Read More »HUD Issues New CARES-Act Flexibilities
United States Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced new requirements and flexibility for the $3.96 billion provided to states and local governments for the Emergency Solutions Grants Program under the CARES Act (ESG-CV). The ...
Read More »