Government

Government mortgage relief programs must walk a tightrope between assisting homeowners impacted by COVID-19 but also ensuring the stability of the mortgage market.

The company’s Principal EVP said it is an “extraordinary and last-resort option” for issuers during the spread of COVID-19.

The Comptroller of the Currency said further delays would “prevent these valuable resources” from reaching distressed areas.

In an editorial, the former CEO of Freddie Mac examines the strain the pandemic is putting on the mortgage industry, and what may need to change to ensure sustainability going forward.

Get updates on housing activity and economic conditions across the country. Also, this week's DS5: Inside the Industry episodes include insights from ACC Mortgage, FHFA, Planet Home Lending, and more.

In a letter to the OCC and the FDIC, Congresswoman Maxine Waters suggests suspending efforts to revise the Community Reinvestment Act and any "unrelated rulemakings."

According to a new report, the nationwide increase was the smallest in the last three years.

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.

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.

This year's theme serves as a public awareness campaign that urges the persons who experience sexual harassment where they live to "call HUD."