Innovating and ‘nimbly’ incorporating new technologies, managing denser workflow, and dealing with the eventual end of foreclosure moratoria and forbearance plans topped the list of topics on day one of the National Property Preservation Conference.
Read More »Should CFPB Reorganize ‘Just Weeks Before an Election’?
U.S. Sen. Sherrod Brown (D-Ohio), the ranking member of the Senate Committee on Banking, Housing, and Urban Affairs, has called on Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger to delay the proposed reorganization of the agency’s Division of Supervision, ...
Read More »FHFA Strategy Focuses on Post-Conservatorship Years
The Federal Housing Finance Agency (FHFA) has released an updated strategic plan that envisioned a path for ending the conservatorships of Fannie Mae and Freddie Mac that have been in place since September 2008. According to a statement issued by ...
Read More »HUD Grants Fund Housing Counseling and Foreclosure Avoidance Services
More than $12.5 million in supplemental housing counseling grants will help families avoid foreclosure and provide rental counseling services.
Read More »Stimulus Could Help Keep American Economy ‘Afloat’
A couple of articles published this week on Axios.com, a provider of technology, economy, and political news, take a lesser-seen optimistic approach to matters including a recent report about millions of Americans missing mortgage and rent payments and news about ...
Read More »FHFA Updates Policy on Single-family Mortgages in Forbearance
The Federal Housing Finance Agency (FHFA) has announced a one-month extension of its temporary policy of allowing the purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria as set by Fannie Mae and Freddie Mac. The policy, ...
Read More »Industry Leaders Address Racial Inequalities, Refi Fees, and Technology
Representatives from organizations including FHFA, FHA, GSEs, and HUD all spoke during a virtual event this week by the Mortgage Bankers Association (MBA). See remarks from FHFA's Mark Calabria, here. The facilitator of a virtual event Tuesday said, during a ...
Read More »How the CFPB is Helping Homeowners Struggling with Payments
The pandemic, along with the economic downturn it has caused, leaves homeowners across the country struggling to meet their mortgage payments. This has put more pressure on the Consumer Financial Protection Bureau (CFPB) to find ways of helping homeowners who ...
Read More »FHFA’s Calabria on Loan Extensions and New GSE Rule
FHFA Director Mark Calabria spoke Monday at a virtual event, where his session focused on the agency’s current priorities— the talk included two announcements, one about a new GSE-feedback rule, and the other related to extensions to loan flexibilities. Calabria ...
Read More »Under Trump or Biden, GSE Reform Path is ‘Uncertain’
In September 2019, President Donald Trump and his administration initiated a process whereby Fannie Mae and Freddie Mac would exit conservatorship. Former Freddie Mac CEO Don Layton, now a Senior Industry Fellow at Harvard's Joint Center for Housing Studies, says ...
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