Click through to learn what is forecast for the weeks to come, and what factors continue to impact forbearance levels.
Read More »Loans in Forbearance Hit Two-Month Low
Analysis finds that nearly half of borrowers still in forbearance are now in an extension of their original term.
Read More »Financial Services Committee Discusses Implementation of CARES Act
Congressman Al Green expressed “consternation” that some borrowers are not receiving the proper aid when applying for forbearance.
Read More »FHA, FHFA Announce Extended Assistance for Homeowners
The Federal Housing Finance Agency (FHFA) announced that the GSEs—Fannie Mae and Freddie Mac—will extend several loan origination flexibilities until August 31. These flexibilities were set to expire on July 31, 2020. Extended flexibilities include: Alternative appraisals on purchase and ...
Read More »DS5: Re-Evaluating the Mortgage Business
In this episode of DS5: Inside the Industry, Raman Muralidharan, Head of Mortgage for HSBC discusses how servicers can assist homeowners leaving forbearance plans.
Read More »Federal Financial Agencies Announce Flexibility in Mortgage Servicing Rules
Here are the key takeaways regarding the enforcement of certain mortgage servicing rules governing borrower communications in response to the COVID-19 emergency.
Read More »Forbearances Decrease for Second Consecutive Week
Overall, the number of active forbearance plans is down 77,000 from last week and 112,000 from the peak the week of May 22.
Read More »FHFA Extends Forbearance Flexibilities
The Agency pushed the deadline for several flexibilities, including the authority to purchase mortgages in forbearance, until at least July 31.
Read More »CFPB Issues CARES Act Forbearance Guidance
In a release, the Bureau clarified several forbearance-related provisions in the Act.
Read More »Forbearances Experience First Drop Since Crisis Began
Here's how far forbearances declined from the previous week's total of 4.76 million.
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