Following 2008, the U.S. mortgage servicing infrastructure was strengthened, and now those changes are going to be put to the test.
Read More »Special Issue: Industry Response From COVID-19
Leaders from Auction.com, Flagstar Bank, RoundPoint Mortgage Corporation, and more discuss the impact the virus has had on mortgage rates, the economy, and what the future holds.
Read More »Fed, Treasury, GSEs Work to Enhance Liquidity, Credit
The Federal Open Market Committee said Monday that it would purchase mortgage-backed securities “in the amounts needed” to support the economy.
Read More »Wells Fargo Suspends Foreclosure Sales and Evictions
In addition, the bank will also be supporting its employees through a $10 million donation to its WE Care Fund.
Read More »The Week Ahead: Federal Reserve Updates on Economic Activity
Also in The Week Ahead, get the latest updates on consumer sentiment, new home sales, and updates on how the COVID-19 outbreak is impacting housing.
Read More »NMSA Proposes COVID-19 Response to Ensure Liquidity, Stability
To address concerns and to introduce ways to mitigate the unintended consequences of announced foreclosure moratoriums, the National Mortgage Servicing Association announced a proposal to ensure that the up to $100 billion in liquidity necessary to provide payment relief for up to 12 million Ginnie Mae homeowners is secured.
Read More »Regulators and Lawmakers Accelerate Coronavirus Response
FHFA Director Mark Calabria clarified that homeowners seeking forbearance will not see a negative impact to their credit scores.
Read More »Industry Reacts to New York 90-Day Mortgage Relief Plan
Servicing leaders discuss Governor Cuomo's response to New York's coronavirus crisis.
Read More »Trump Administration Mulls Mortgage Moratorium Plan
An industry insider said “tens of billions” of short-term financing would be needed for this proposal to be viable.
Read More »Fed Official: More Monetary Policies Available
Financial Services Committee Chair Maxine Waters said recent actions are coming from the “old playbook” as homeowners are looking for relief from the coronavirus.
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