Fannie Mae, Freddie Mac and the Federal Housing Administration outlined relief for homeowners as FEMA and the state of Hawaii rushed to provide emergency housing…
Posts published in “forbearance”
Mortgage loan servicers collecting payments on loans guaranteed by Fannie Mae and Freddie Mac completed 2.36 million “home retention actions” during the COVID-19 pandemic. Source:…
CFPB alleges some homeowners who sought forbearance during the pandemic were charged improper late fees and weren’t fully informed of their options. Source: Inman News
Citing impact of rising rates on mortgage originations, Mr. Cooper laid off 250 workers during the first quarter, with more reductions in store. Source: Inman…
February’s 19.6 percent annual home price appreciation, together with sharp rise in mortgage rates, produced the tightest affordability in 15 years, according to new data…
Lenders are managing risk by focusing on borrowers with prime credit scores who are keeping a bigger equity stake in their homes, according to Black…
Mortgage lenders are cautious about extending credit and home prices are so low that most deals are for cash, putting buyers at greater risk. Source:…
More than 500,000 borrowers are in loss mitigation after pandemic relief from monthly mortgage payments expires, according to Black Knight’s latest Mortgage Monitor Report. Source:…
Total delinquency rates dropped 4.2 percent in July, 2.3 percentage points lower than the 6.5 percent observed in July 2020, according to new data released…