Tag Archives: housing market 2020

African-American and Latin households face a greater threat of “housing insecurity.”

The Secretary of the U.S. Treasury Department said “we’re not looking at a Fed facility," citing recent measures by Ginnie Mae and the FHFA, and also addressed nonbank servicers.

During a conference call hosted by HUD Secretary Dr. Benjamin Carson, U.S. Vice President Mike Pence addressed a group of business leaders and mortgage professionals on the status of the federal government response to the pandemic.

The Federal Housing Commissioner shared keen insights with Five Star Global’s President and CEO Ed Delgado on HUD’s response to COVID-19, helping homeowners, and changes to the CWCOT program.

Click through to read to read if a return to stricter lending practices could return due to COVID-19.

A letter from the House Financial Services Committee said, “We must not allow the pandemic to destabilize critical markets, including our housing market

Will the recession brought on by COVID-19 be a long one? One economist seems to believe it will be short-lived.

Dr. Mark A. Calabria said of the announcement, “No one should be worried about losing their home.”

With unemployment projected to hit 15% during Q2 2020, gauging the impact of COVID-19 is “as much an art right now as a science.”

Government mortgage relief programs must walk a tightrope between assisting homeowners impacted by COVID-19 but also ensuring the stability of the mortgage market.