COVID Relief’s ‘Unanticipated Side Effect’ in the MBS Market
While investors in mortgage-backed securities could be negatively impacted, sources from within several major banks defended the use of a loophole that could generate strong profits. The post COVID Relief’s [...]
‘Online Buyers’ Contribute to Growing Home Sales
Following challenges related to low inventory, home prices are bouncing back. The report reflects the “remarkable recovery” of the housing in the eye of the pandemic. The post ‘Online Buyers’ [...]
FHFA: Forbearance Plans Dominated May Foreclosure-Prevention Actions
The FHFA’s latest Foreclosure Prevention and Refinance Report breaks down the state of the landscape as we approached this summer, including delinquency rates, short sales, and other data. The post [...]
Industry Pulse: Compliance Technology Advancements and New Office Expansions
One company announced the addition of a "cutting-edge" compliance module, while a title company adds a new Chicago location in order to "support clients closer to home." The post Industry [...]
Mortgage Industry to Convene for Five Star Virtual Conference
The annual industry event is going online this year, bringing together a diverse cross-section of executives and subject-matter experts from banks, non-banks, government agencies, and more. Here’s a first look [...]
HUD Announces Further Guidelines for COVID-Relief Funds
HUD Secretary Dr. Benjamin Carson spotlighted new ways HUD is working with states and local governments to further assist vulnerable populations amid the ongoing COVID-19 outbreak. In an announcement this [...]
Single-Family Rent Prices Further Slow in June
The U.S. single-family home rent prices in June continued the path downward, spiking 1.4% year over year for the month, representing a deep decline from the year before. Furthermore, it [...]
FHA to Extend Foreclosure & Eviction Ban
This extends the ban until next year and covers the roughly 8.1 million homeowners with single-family mortgages insured by the FHA. The post FHA to Extend Foreclosure & Eviction Ban [...]
Mortgage Forbearance Pandemic Trends—Six Things to Know
The mortgage forbearance option in the March 2020 Coronavirus Aid, Relief, and Economic Security (CARES) Act offered relief to millions of homeowners during the COVID-19 pandemic. The 33.4 million with federally backed mortgages can request from their [...]