Government

The Agency will now allow a servicer to advance up to four months of missed payments on loans. How will this impact mortgages of borrowers impacted by COVID-19?

The Housing Policy Council has released a statement describing the challenges of funding the CARES Act’s mortgage forbearance program and urging federal agencies to quickly announce liquidity support for nonbank mortgage servicers.

This week, tune in to the latest episodes of DS5: Inside the Industry for how our industry is weathering the short- and long-term implications of the health crisis. Here's what else is happening in The Week Ahead.

A letter from the House Financial Services Committee said, “We must not allow the pandemic to destabilize critical markets, including our housing market

With a large surge in forbearances underway, Don Layton discusses the question of servicer finances during the COVID-19 pandemic.

The final Home Mortgage Disclosure Act rule increases the permanent threshold for collecting and reporting data, effective July 1, 2020.

With many homeowners requesting forbearance, Treasury Secretary Steven Mnuchin stated that the Treasury Department and the FHFA are working to keep markets functioning properly.

Dr. Mark A. Calabria said of the announcement, “No one should be worried about losing their home.”

Click through to see the increase in the number of mortgages being deferred over the past week.

The FHFA’s report found that 50% of the actions taken during the month were for loan modification. Click through to read more on the report.