IMPACT 20/20 will include critical conversations on response, reaction, and assistance to ensure the industry is ready to lend the proper support the next time a natural disaster strikes.
Read More »The Week Ahead: The Virtual LL100 Servicer Summit
Also in the Week Ahead, get the latest from industry experts in DS5: Inside the Industry.
Read More »Freddie Mac Transfers Risk on $140.7B in Mortgages
Since the first CRT transaction in 2013, Freddie Mac’s Single-Family CRT program has cumulatively transferred a portion of the credit risk on $1.6 trillion in mortgages.
Read More »7.7% of Mortgage Now in Forbearance
The loans in forbearance account for $890 billion in unpaid principal and includes 6.4% of all GSE-backed loans and 11% of all FHA/VA loans.
Read More »Mortgage Industry Shifting Its Credit Standards
Tightening mortgage standards are due in part to Fannie Mae and Freddie Mac agreeing to buy loans in forbearance.
Read More »Unemployment Rate Skyrockets to 14.7%
The U.S. economy lost 20.5 million jobs in April and the unemployment skyrocketed to 14.7%, according to the U.S. Bureau of Labor Statistics (BLS). The unemployment rate rose from the prior month’s 4.4%, with CNN reporting this being the most-sudden ...
Read More »The Industry Pulse: Mortgage Leaders Donate for COVID-19 Assistance
Also in this Industry Pulse, get the latest on new tech and partnerships in mortgage servicing.
Read More »Preparing for Another Economic Downturn
With several pillars of support set to expire, including forbearance programs, here's why the U.S. could hit another economic slump.
Read More »White Paper: Self-Governance Critical for PLS Industry
Analysis by the Milken Institute says the private-label residential mortgage-backed security sector must come together on a uniform set of guidelines for borrowers impacted by COVID-19.
Read More »House Committee Proposes Debt Collection Prevention
The proposed legislation also includes a ban on foreclosure and debt collection as well as direct payments.
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