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FHFA Approves Forbearance-Program Extension

GSE loans

To support homeowners and mortgage lenders, the Federal Housing Finance Agency (FHFA) announced in a press release Thursday an extension of a temporary policy that allows for the purchase of some single-family mortgages in forbearance that meet eligibility criteria set ...

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Anticipating 2021’s Ups and Downs

This story originally appeared in the November edition of DS News.   With more than 30 years’ mortgage industry experience, William J. Tessar joined CIVIC Financial Services in March 2017. He previously founded and served as President of three mortgage companies resulting ...

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30-Day Delinquencies at Lowest Rate Since 1979

A survey published Tuesday by the Mortgage Bankers Association (MBA) showed that among mortgage loans on one-to-four-unit residential properties, delinquencies decreased to a seasonally adjusted rate of 7.65% of all loans outstanding at the end of this year's Q3. For ...

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The ‘Unclear’ Future of the Community Reinvestment Act

A primary goal of 1977's Community Reinvestment Act (CRA) was to reverse the effects of redlining, a practice by which the federal government and banks actively avoided lending to borrowers from lower-income and minority neighborhoods. Some housing advocates believe pending ...

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Affordable Housing Impact: Proposed Property Tax Struck Down

residential segregation in housing

A referendum to change how California enacts property taxes, which some argued would address California's housing affordability issues, was defeated by the state’s voters. Proposition 15 was designed to create a split-roll property tax system in California, with commercial properties ...

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Health Crisis Makes Digital Readiness a Priority

Editor's note: This story originally appeared in the November edition of DSNews, out now. Innovation and disruption are the core tenets of the technology industry. However, in 2020, the entire world was disrupted by a novel coronavirus, the fifth global tragedy ...

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