The quantity of forbearances declined by 1,000 over the past week, according to new data from Black Knight Inc.’s McDash Flash Forbearance Tracker. As of August 25, 3.9 million homeowners were in active forbearance, or 7.4% of all active mortgages, representing $828 billion in unpaid principal. This level ...
Read More »COVID-19 Drives Suburban Migration
According to a recent Redfin report, July found a surge of home buyers looking to leave expensive cities for more rural, inland locales. The current COVID-10 pandemic has taken its toll in many ways, among which includes how it has ...
Read More »Hurricane Laura Damage Estimates in the Billions
According to a new analysis, the most intense storm to hit the northwestern Gulf Coast since 1856 “brings threat of further economic uncertainty to the region.”
Read More »Tracking Hurricane Laura’s Impact on Homeowners
With the storm having made landfall Thursday with winds estimated at 150 mph, the industry is mobilizing to assist impacted homeowners, but challenges such as insurance gaps will complicate that recovery.
Read More »Competition Heats Up Amid Diminishing Inventory
In a typical year, buyer-seller activity would be dwindling down heading into Labor Day, economic experts report. This is not a "typical year."
Read More »10 Places Most Affected By Delinquencies
A number of metros in seven states are under enhanced siege by a percolating number of FHA delinquencies, jeopardizing homeowners and neighborhoods, according the AEI.org. A cocktail of factors place them at pronounced risk. They include, a large FHA portfolio ...
Read More »Fannie Mae Offers Assistance to Disaster-Impacted Servicers
GSE Fannie Mae recently reminded those impacted by Hurricane Laura and the California wildfires that mortgage assistance and disaster relief options are available. Under Fannie Mae's guidelines for single-family mortgages impacted by a natural disaster, homeowners may request mortgage assistance ...
Read More »FHFA and FHA Extend Foreclosure, REO Eviction Moratoriums
FHFA Director Mark Calabria said the changes would help "keep borrowers in their homes during the pandemic" and protect "more than 28 million homeowners with an Enterprise-backed mortgage."
Read More »Foreclosure Report: Which States Are Seeing Increases?
Now at all-time low, an increase in foreclosure rates may be "inevitable" once state-level moratoria have expired. Here’s the latest.
Read More »FHFA Announces Extension for Buying Qualified Loans in Forbearance
The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend buying qualified loans in forbearance as well as several loan origination flexibilities. To support homeowners and mortgage lenders, the agency approved a continued extension ...
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