The proposed legislation also includes a ban on foreclosure and debt collection as well as direct payments.
Read More »Forbearance Requests Due for Another Surge
After a mid-month slowdown in April, here's why May could see another uptick in mortgage forbearance requests.
Read More »How Lawmakers are Preventing Foreclosures
Here's how state and city governments are keeping homeonwers in their homes as more and more Americans experience income loss.
Read More »Delinquencies See First Pandemic-Related Rise
A new report predicts delinquencies will continue to rise as more homeowners move to forbearance plans.
Read More »Wells Fargo Nears $18.5M Foreclosure Settlement
A district judge said he is likely to approve a settlement of allegations involving wrongful foreclosures caused by a computer error.
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 »House Financial Services Committee Preparing Foreclosure Halt
As part of a new COVID-19 relief package, the House Committee staff are also recommending a blanket ban on stock buybacks and a pause on any negative credit reporting.
Read More »Florida Suspends Foreclosures, Evictions for 45 Days
Gov. Ron DeSantis said this move is in response to economic fallout from the coronavirus pandemic.
Read More »The Most At-Risk Housing Markets
According to a new report, counties in these states are most vulnerable to the economic impact of the coronavirus, with a high volume of underwater homes and high wages required to pay for major homeownership expenses.
Read More »CFPB Issues Relief Resources for Homeowners
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.
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