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No Relief For Three Million-Plus Borrowers

Coronavirus mortgage bailouts have helped a large number of Americans, but many still cannot pay, or are not paying, what they owe. Recently data collection outfits reported a larger than anticipated bounce in the number of borrowers in public and ...

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Why Investing in Single-Family Rentals is ‘A Good Bet’

Lenders are looking to cash in on demand for larger living spaces and investors' optimistic attitude toward suburban living, according to a Bloomberg report. In the aftermath of the foreclosure crisis, Tom Byce, helped to build a single-family rental business. ...

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HUD Reminds States to Use Government Grants to Help Homeowners

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 ...

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The Week Ahead: The Need for Financial Aid During Pandemic

The U.S. House Committee on Financial Services Chairwoman Maxine Waters (D-CA) announced the month's schedule of virtual and hybrid hearings. Among them, this Tuesday at noon will be a presentation addressing, "The Need for Financial Aid to America’s States and ...

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Mortgages in Forbearance Down From Peak 

Call it bust out time for mortgages in active forbearance. After staying the course for the last couple of weeks, they more than found their footing by improving more dramatically than anticipated, receding over the last week by 147k (-4%), according to Blackknightinc.com,   ...

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Latest Housing Market Stats

Home sellers are in good shape this week, with a low supply and buyers chomping at the bit in light of total for-sale inventory contracting for the 13th week in a row. That puts sellers behind the wheel of the ...

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Intercontinental Exchange Acquires Ellie Mae

Franklin American

Intercontinental Exchange, operator of global exchanges and clearing houses and provider of mortgage technology, data and listing services, today announced that it has received regulatory approval and fully completed its $11 billion acquisition of Ellie Mae from the private equity ...

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