Minority representation in FHFA’s workforce is gaining a foothold, according to a report from Fhfa.gov. The workforce swelled from 241 minority employees in 2016 to 286 last year—a surge that’s also reflected across FHFA’s top six mission-critical occupations, from 37.0% in ...
Read More »2.6 Million Homeowners Are In Forbearance
The pace of exits increased in the last week of February, according to survey data.
Read More »FHFA Increases Actions to Prevent Home Loss
Foreclosure prevention actions are mounting, according to the Federal Housing Finance Agency. A total of 107,609 were completed by the Enterprises in November—with the total hitting 5,499,159 since September 2008. It marked the start of the conservatorships. Meantime, permanent loan modifications have accounted for about 44% of these ...
Read More »Coalition Urges Congress to Boost Mortgage-Payment Assistance
Housing groups join and pen letter to congressional leaders calling for aid to homeowners.
Read More »Forbearance Plan Expiration Looms for Many
Moratoria that have kept foreclosure actions at bay over the past 10 months may be "lulling us into a false sense of security about the scope of the post-forbearance problem" America could face come spring.
Read More »Forbearance Activity Sustains Momentum
Approximately half of homeowners in forbearance made their monthly mortgage payments during the dawn of the pandemic, but in recent weeks, that has sagged. Here is more from this week's report.
Read More »Industry Lessons Learned From 2020’s Catastrophic Events
The failure to take climate change seriously is akin to playing Russian roulette with the housing economy, according to experts. Consequently, it’s incumbent upon the insurance and mortgage industries to tap new technologies to ratchet up efficiency, while reducing risk ...
Read More »Overall Mortgage Forbearance Volume Increases
Yet for certain types of loans, like those backed by GSEs, the numbers have leveled out or decreased.
Read More »How Housing Policy Can Advance Racial Equality
While COVID-19’s hardly at the root of housing challenges, the pandemic compounded them—a signal that another housing crisis can be expected for homeowners, renters, and rental property owners, according to a report from the Urban Institute. In the eye of ...
Read More »What Shifts in Forbearance Rates Mean
Loans reportedly are evading forbearance, according to the most recent Forbearance and Call Volume Survey, which showed that the total number of loans currently in forbearance toppled from 5.54% of servicers' portfolio volume in the prior week to 5.48% as ...
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