Click through to read how the $2.2 trillion stimulus will help people remain financial stable during the COVID-19 outbreak.
Read More »Maxine Waters Responds to Wells Fargo Request
The Chairwoman of the House Financial Services Committee is seeking more information on reports that the bank was seeking to remove the asset cap introduced in the wake of its fake accounts scandal.
Read More »Local Governments Responding to Increased Default Risk
In some of the hardest-hit states, including California and New York, city and county officials are placing restrictions on evictions and foreclosures.
Read More »How the CARES Act May Impact Mortgage Servicers
As homeowners impacted by COVID-19 go into forbearance, servicers could lack the liquidity necessary to offset the impact of missed mortgage payments.
Read More »FHFA Director Discusses Housing Recovery
According to Director Mark Calabriathe despite the slowdown in economic activity, there have been low rates of serious delinquency.
Read More »The Week Ahead: Update on Unemployment
In The Week Ahead: get the latest on how many homeowners are out of work, as well as new data for h investors on default risk.
Read More »How the CARES Act Impacts Mortgage Servicers
Tendayi Kapfidze, Chief Economist for Lending Tree, noted that the bill did not address the impact on non-bank lenders.
Read More »Financial Stress Factors Facing Real Estate
The former CEO of Freddie Mac points out that the spread of the coronavirus could cause spell issues for the GSEs and mortgage-backed securities.
Read More »CFPB Issues Support for Financial Institutions
The Bureau is postponing some data collections from industry on Bureau-related rules to allow companies to focus on responding to consumers in need and making changes to its supervisory activities to account for operational challenges at regulated entities.
Read More »Policymakers ‘Learned Lessons’ from Great Recession in Stimulus Package
An industry insider praised the actions by the GSEs, FHFA, and HUD to help prevent foreclosures during the COVID-19 outbreak.
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