The the U.S. House of Representatives Thursday passed a $2.2 trillion coronavirus relief package. The proposed bill includes a "far stronger action than the White House has taken previously" regarding evictions, added Bloomberg's CityLab. That is, a complete ban on eviction ...
Read More »The Week Ahead: REO Outlook Webinar for Housing Pros
Experts in macro-economics, default servicing, and REO optimization will present a complimentary webinar. Here’s what else is happening in The Week Ahead.
Read More »Number of Active Forbearances Experiences a Spike
According to the daily loan-level data on the Black Knight blog, the numbers of mortgages in active forbearance increased for the first time in six weeks. Those totals increased by 21,000 week-over-week. The spike was abetted mainly by a bounce ...
Read More »MBS Performance at Five-Year Low
Efforts by the Federal Reserve to prop up the mortgage-backed securities (MBS) market do not appear to have worked as well as hoped, according to a new data analysis released by Bloomberg. As of Sept. 29, the Bloomberg Barclays U.S. ...
Read More »Industry Representatives Urge Congress to Pass COVID-19 Relief
Builders stressed the need for legislation in order to prevent COVID-related issues from "undermining the stability of the housing market and the financial health of our communities."
Read More »High Unemployment Hasn’t Curbed ‘Robust’ Housing Market
Data shows an improving housing market outlook, but high unemployment and lingering economic uncertainty tempers analysts’ expectations.
Read More »Former Freddie Mac Exec Criticizes Financial Stability Oversight Council
In an op-ed piece, Fannie Mae's former CEO called the Financial Stability Oversight Council’s review of the secondary mortgage market politically “compromised.” Click through the read what he thinks they got right and what's still lacking.
Read More »FHFA Addresses the Language Barrier
The FHFA, which oversees Fannie Mae and Freddie Mac, recently announced new resources for Americans who need assistance with mortgage loans but who possess limited English-language proficiency. That could be causing homeowners extra hardships during an already trying time, the ...
Read More »National Flood Insurance Program Extended, But Problems Remain
Members of the housing industry thanked lawmakers for the extension but also urged them "to make long-term reform a priority moving forward."
Read More »California Law Determines Who Has ‘First Dibs’ on Foreclosures
A new law in California will restrict anyone selling foreclosed homes from bundling them at auction for sale to a single buyer. In addition, the law paves the way for tenants, families, local governments, affordable housing nonprofits, and community land ...
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