This population represents $754 billion in unpaid principal and includes 5.6% of all GSE-backed loans and 8.9% of all FHA/VA loans
Read More »New York Lawmakers: Mortgage Forbearance Is Not Enough
Three New York lawmakers are proposing a different kind of mortgage relief as they say current forbearance measures leave homeowners with a troubling lump payment due far too soon.
Read More »Brian D. Montgomery: ‘The FHA is Open for Business’
Commissioner Brian D. Montgomery, Assistant Secretary for Housing–Federal Housing Commissioner for the Department of Housing and Urban Development (HUD) spoke exclusively with Five Star Global’s President and CEO Ed Delgado regarding the current housing environment amidst the outbreak of COVID-19. ...
Read More »GSEs Will Purchase Qualified Loans in Forbearance
The Federal Housing Finance Agency will be approving the purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria by Fannie Mae and Freddie Mac.
Read More »DS5: What Servicers Want to Know
In the newest episode of DS5: Inside the Industry, hear from Sean Ryan, CEO of Aspen Grove Solutions and Christopher Whalen, an investment banker, author, and Chairman of Whalen Global Advisors LLC.
Read More »2.9M Homeowners in Forbearance Plans
This population represents $651 billion in unpaid principal and includes 4.9% of all GSE-backed loans and 7.6% of FHA/VA loans.
Read More »Unemployment Could Lead to Mortgage Forbearance Surge
A new white paper estimates that a projected unemployment rate of 15% could result in 3.5 million new mortgage delinquencies.
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.
Read More »Borrowers Look to Borrow More Time from GSEs
More homeowners are working with the GSEs to keep their homes, but what’s driving the sudden increase in foreclosure prevention actions?
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