With foreclosures now in flux due to COVID-19, the Consumer Financial Protection Bureau is reminding borrowers of the relief options available for them to avoid default.
Read More »Cities at Risk of a Housing Recession
The housing market is in a strong position now, but these markets can be at risk of a sudden downturn due to layoffs and a stalling market.
Read More »Maxine Waters Responds to Wells Fargo Request
The Chairwoman of the House Financial Services Committee is seeking more information on reports that the bank was seeking to remove the asset cap introduced in the wake of its fake accounts scandal.
Read More »Activists Push for Further Eviction Moratoriums
While California Governor Gavin Newsom has placed a two-month delay on imposing evictions for people who cannot pay rent due to the COVID-19 crisis, many feel there is not enough being done to address their needs.
Read More »COVID-19’s Impact on Homeowner Payment Ability
Millions of homeowners and renters alike are at risk of losing their income in the wake of COVID-19, with around 13 million Americans reliant on wages from at-risk jobs.
Read More »FEMA Extends NFIP Grace Period
The extension applies to National Flood Insurance Program policies with an expiration date between February 13-June 15, 2020.
Read More »Investment Update: The Bright Spots in Bank Performance
Despite some big banks showing some growth in the past five days, even the top performers have seen their market cap decline drastically.
Read More »Local Governments Responding to Increased Default Risk
In some of the hardest-hit states, including California and New York, city and county officials are placing restrictions on evictions and foreclosures.
Read More »How the CARES Act May Impact Mortgage Servicers
As homeowners impacted by COVID-19 go into forbearance, servicers could lack the liquidity necessary to offset the impact of missed mortgage payments.
Read More »FHFA Director Discusses Housing Recovery
According to Director Mark Calabriathe despite the slowdown in economic activity, there have been low rates of serious delinquency.
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