Government

The second day of the 2020 Five Star Virtual Conference began with an emphasis on the mortgage servicing landscape’s current state and what the coming months could offer.

Legal issues, including compliance, defaults, and the government and service sector perspectives were the topics of discussion at the Five Star Legal League 100 Fall Summit.

U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson Friday announced the allocation of the remaining $1.988 billion in CARES Act funding for the Community Development Block Grant (CDBG) program.  The allocation focuses funds towards places with households facing higher risk of ...

Researchers from the think tank New America said that with eviction or foreclosure costing millions of Americans their homes every year, they are asking policymakers to more effectively leverage their new county-specific data on housing loss to target coronavirus aid. ...

United States Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced new requirements and flexibility for the $3.96 billion provided to states and local governments for the Emergency Solutions Grants Program under the CARES Act (ESG-CV). The ...

The U.S. Department of Housing and Urban Development (HUD) Friday issued a reminder to all grantees--states, cities, communities, and nonprofits-who received Emergency Solutions Grants (ESG) or Community Development Block Grant (CDBG) fund--that they may use these funds to provide rental ...

Fannie Mae and Freddie Mac loans in forbearance dropped while private loans and those owned by Ginnie Mae experienced an increase, according to the Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey. The total number of loans now ...

FHFA Director Mark Calabria said the changes would help "keep borrowers in their homes during the pandemic" and protect "more than 28 million homeowners with an Enterprise-backed mortgage."

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend buying qualified loans in forbearance as well as several loan origination flexibilities. To support homeowners and mortgage lenders, the agency approved a continued extension ...

Fitch Ratings is raising concern that the government-sponsored enterprises’ (GSEs) response to the COVID-19 pandemic is having a problematic impact on their mortgage-backed securities (MBS) issuances. Fitch noted that its rating actions prior to the pandemic’s onset were mostly positive ...