“No one should have to endure sexual harassment and degrading treatment, especially to keep a roof over their heads," the HUD Secretary stated in response to the DOJ's initiative.
Read More »Unemployment’s Threat to Mortgages
Recent data indicates that mortgages could fall into delinquency if the relationship between unemployment and delinquency follows a similar pattern as the Great Recession.
Read More »The Industry Pulse: New Partnerships and Market Updates
Also in this Industry Pulse, get the latest commentary on the mortgage industry response to COVID-19 and tech updates for servicers.
Read More »DS5: How Servicers are Adapting Tech to the Crisis
In the newest episode of DS5: Inside the Industry, hear from William Case, President and Chief Executive Officer of American Mortgage Service Company and Ed DeMarco, President of the Housing Policy Council as they discuss recent actions by the federal government to help both homeowners and mortgage servicers.
Read More »Bracing for Household Debt Spikes
US household debt per capita, including mortgage debt, hit the all-time high in Q4 2019, but here's how many American loans were non-performing.
Read More »Wells Fargo Names New Head of Operations
Lester Owens joins Wells Fargo from Bank of New York Mellon. Prior to joining BNY Mellon, he spent 10 years at JP Morgan Chase, where he was responsible for Global Wholesale Banking Operations, among other roles.
Read More »DS5: Discussing the Fed’s Plan for Mortgage-Backed Securities
Hear from John Lynch, CEO of PCMA, and Holden Lewis, a housing and mortgage Specialist for Nerd Wallet in this episode of DS5: Inside the Industry.
Read More »FHFA Announces New COO
Kate Fulton will join FHFA as Chief Operating Officer on May 26, 2020. She currently serves as COO at the CFPB, iwth previous experience at the Department of Homeland Security, U.S. Customs and Border Protection, and at a law firm representing federal employees.
Read More »FEMA Discusses Disaster Response and COVID-19
Natural disasters impact investors, service providers, mortgage servicers, government agencies, legal professionals, lenders, property preservation companies, and homeowners. Here's how the Agency is preparing to operate during the upcoming hurricane season and COVID-19 pandemic.
Read More »Goldman Sachs Rebounds on Mortgage-Backed Securities
Goldman Sachs said in a statement that the bank "had no advance knowledge of any of the facilities the Fed announced and assumed risk when we bought securities from clients during this period.”
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