Tag Archives: Coronavirus

Millions of Americans are now financially vulnerable as a result of COVID-19, and a new report covers how the most vulnerable homeowners may be affected.

On May 6, join industry leaders at the virtual he Mortgage Industry Pandemic Summit to discuss the major operational challenges facing mortgage and real estate companies and the financial industry at a time when people are avoiding face-to-face contact during the COVID-19 outbreak.

Despite programs to assist homeowners impacted by COVID-19, an economist said there will be an “extended period” of rising defaults.

New guidelines include providing homeowners who have been impacted by COVID-19 with deferred or reduced payments for up to six months.

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.

Financial institutions have seen drops since Q4, and are underperforming in the wake of COVID-19.

With foreclosures now in flux due to COVID-19, the Consumer Financial Protection Bureau is reminding borrowers of the relief options available for them to avoid default.

The housing market is in a strong position now, but these markets can be at risk of a sudden downturn due to layoffs and a stalling market.

Click through to read how the $2.2 trillion stimulus will help people remain financial stable during the COVID-19 outbreak.

Millions of homeowners and renters alike are at risk of losing their income in the wake of COVID-19, with around 13 million Americans reliant on wages from at-risk jobs.