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 »Is Your Mortgage Servicing Program CARES Act-Compliant?
For mortgage lenders and servicers, the pandemic will prove to be a test of business continuity planning while managing process and regulatory changes in real time, all while maintaining fairness and compliance across all aspects of day-to-day operations.
Read More »Update on CARES Act and Liquidity
The Federal Reserve and the Treasury delivered testimony before the Senate Banking Commitee on how the CARES Act is assisting lenders and servicers nationwide.
Read More »The Week Ahead: Update on CARES Act
In addition to updates on how the CARES Act has helped keep homeowners on their homes, the Week Ahead will also feature the latest data on housing starts and sales.
Read More »Servicing Experts Talk Forbearance Practices
With the total number of borrowers in forbearance expected to hit between and 9 million, here's how servicers can themselves and their customers ready for the wave.
Read More »DS5: Economic Recovery in the Months Ahead
In the newest episode of DS5: Inside the Industry, Lawrence Yun, Chief Economist, SVP of Research for the National Association of Realtors, and Laura LaRaia, Chief Legal Officer and General Counsel for First Guaranty Mortgage Corporation will discuss the CARES Act and the Spring buying season.
Read More »Former Freddie Mac CEO Proposes Non-Bank Servicer Assistance
With a large surge in forbearances underway, Don Layton discusses the question of servicer finances during the COVID-19 pandemic.
Read More »New White Paper: Mortgage Servicers Bracing for Forbearance Impact
A new white paper discusses how new programs and changes introduced in the CARES Act will affect the servicing process.
Read More »Mark Calabria Urges Borrowers to ‘Be Honest’
Under the recently signed CARES Act, the FHFA Director notes that borrowers are "on the honor system" when it comes to taking advantage of loan forbearance programs.
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