The Federal Reserve also announced that it intends to increase its holds of mortgage-backed securities over the coming months. Click through to read more.
Read More »Housing, Economy Turning Corner Amidst COVID-19
While the unemployment rate remains above 13%, home building added more than 260,000 jobs in May.
Read More »FHA Publishes Guidance on Loans in Forbearance
The new mortgagee letter reverses the Administration's current policy that says loans in forbearance are not eligible for insurance.
Read More »Will Housing Lead Post-Pandemic Recovery?
The housing industry started the current economic downturn on much better footing than the last. Click through to read more.
Read More »Delinquency Rates Rise in Latest Freddie Mac Summary
While the GSE announced unpaid principal fell by $7.8 billion, mortgages past due are at their highest level in 2020.
Read More »Impact of COVID-19 on Renters, Homeowners
During a virtual roundtable with the House Financial Services Committee, industry leaders said renters need a long-term solution once eviction moratoriums are lifted.
Read More »‘Tides Have Changed’ For Fannie Mae, Freddie Mac
Commentary on the GSE’s response to the COVID-19 pandemic says it gave Congress options to assist homeowners, with one insider saying, “the private market can’t save us.”
Read More »FHFA Proposes New Capital Framework For GSEs
Fannie Mae CEO Hugh R. Frater said this is “the start of an important new chapter” for the enterprise.
Read More »$200B in Housing Assistance Included in Proposed HEROES Act
The $3 trillion legislation expands on many of the provisions approved in the CARES Act, which offered relief to millions of renters and mortgage holders.
Read More »FHFA, FHA Extends Foreclosure, Eviction Moratoriums
FHFA Director, Dr. Mark. A. Calabria, said this new measure “provides certainty for families” impacted by the outbreak of COVID-19.
Read More »