Tag Archives: Loan Modifications

MBA reports the overall forbearance rate in June nearly plateaued, with just a four-basis-point month-over-month decline, as approximately 405,000 homeowners in the U.S. remain in forbearance plans.

Since entering conservatorship in 2008, Fannie Mae and Freddie Mac to date have assisted nearly 6.5 million homeowners with foreclosure prevention actions. Here’s what the GSEs’ latest data reveals.

The recent Legal League 100 Servicer Summit in Dallas brought together the nation’s top financial services law firms under the same roof as leading mortgage servicing executives to discuss default policies, procedures, and issues with leading mortgage servicing executives.

The MBA reports that the share of U.S. loans in forbearance fell to 0.85% in May. However, the report cautious that pressure may be placed on those in workout options due to inflation and a rise in rates.

In the case of Sheen v. Wells Fargo Bank, the California Supreme Court ruled that borrower negligence claims can be limited. Attorney Jonathan D. Fink of Wright, Finlay & Zak, LLP discusses the importance of this decision.

In its latest servicer report, Fitch Ratings reports forbearance plans experiencing a near 50% year-over-year drop, while the percentage of loan modifications has quadrupled.

Forbearance exits trickled below 1%, as the share of total loans in some stage of forbearance fell to 2.15% nationwide.

DS News sat down with the SVP of Single-Family Portfolio Management to discuss the many options with which the GSE has provided homeowners throughout the pandemic.

Through a new pool type, Ginnie Mae deepens its commitment to a balanced and equitable housing finance system.

Two new reports measure what mortgage borrowers are experiencing with their lenders and servicers during the time of the pandemic.