Foreclosure

While the GSE announced unpaid principal fell by $7.8 billion, mortgages past due are at their highest level in 2020.

According to a new study, the percentage of accounts in a hardship status has increased significantly across all loan categories and risk tiers, including mortgages.

The credit rating agency placed seven classes on Rating Watch Negative (and six related exchangeable notes) on Fannie Mae and Freddie Mac.

Fannie Mae and Freddie Mac have released the latest details on how they're keeping homeowners in their homes.

With unemployment at record levels, many need to put off mortgage payments through forbearance. However, can unemployment numbers predict the number of homeowners taking advantage of these programs? 

The latest numbers have been enhanced to include loans that were in forbearance but not previously reported as “COVID-19-related.”

The latest data on delinquencies are low, but experts predict a change in course soon.

FEMA and state legislators across the country are pushing for private flood insurers to get more involved in the marketplace in order to supplement the coverage the NFIP can provide. 

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.

The proposed legislation also includes a ban on foreclosure and debt collection as well as direct payments.