Federal financial institution regulatory agencies are encouraging financial institutions to work constructively with borrowers affected by COVID-19 and providing additional information regarding loan modifications.
Read More »House Financial Services Committee Preparing Foreclosure Halt
As part of a new COVID-19 relief package, the House Committee staff are also recommending a blanket ban on stock buybacks and a pause on any negative credit reporting.
Read More »Florida Suspends Foreclosures, Evictions for 45 Days
Gov. Ron DeSantis said this move is in response to economic fallout from the coronavirus pandemic.
Read More »Ginnie Mae Approves Facility to Aid in Servicer Liquidity
A statement from the company states the structure of the facility has been “strongly supported” by investors.
Read More »The Price of Keeping People in Their Homes
New analysis looks at how much it would cost if nearly 12 million people need help paying their mortgages.
Read More »HUD Announces Fair Housing Month Theme
This year's theme serves as a public awareness campaign that urges the persons who experience sexual harassment where they live to "call HUD."
Read More »The Most At-Risk Housing Markets
According to a new report, counties in these states are most vulnerable to the economic impact of the coronavirus, with a high volume of underwater homes and high wages required to pay for major homeownership expenses.
Read More »Richard Corday On CFPB’s Relief Response
In a new white paper, the former CFPB Director outlined the steps he alleges the CFPB needs to be taking right now in the face of an economic crisis caused by the coronavirus.
Read More »DS5: FHFA Director Discusses Forbearance
In this episode of DS5: Inside the Industry, FHFA Director Dr. Mark A. Calabria discusses what regulators are doing to assist homeowners, lenders, and servicers, including the programs being offered to homeowners.
Read More »Coronavirus Could Halt Mortgage Payments
Click through to read what share of Americans with loans could stop paying them if the economy remains closed through the summer.
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