Government

The foreclosure moratorium applies to Enterprise-backed, single-family mortgages only. The current moratorium was set to expire on June 30.  

Jerome Powell gave his semiannual address to Congress on Tuesday and discussed the Fed’s plan for purchasing mortgage-backed securities.

In a new paper, Harvard Center for Housing Studies Senior Industry Fellow and Former Freddie Mac CEO Don Layton discusses the question of legitimacy surrounding tightening mortgage standards.

Morgan Stanley will work with the FHFA, and the Department of the Treasury as the GSE looks to “responsibly” ending conservatorship.

Here are the key takeaways regarding the enforcement of certain mortgage servicing rules governing borrower communications in response to the COVID-19 emergency.

The Agency said the prior recommendations “will not be finalized and implemented” as planned. Click through to read more.

In the Week Ahead, the FHA will discuss how various federal lenders are assisting homeowners.

The Chairwoman of the House Financial Services Committee said the former Comptroller of the Currency’s ruling will result in disinvestment in many communities across America.

The analysis continued by saying African-American are five times more likely to own a home in redlined areas.

The Agency pushed the deadline for several flexibilities, including the authority to purchase mortgages in forbearance, until at least July 31.