How Lawmakers are Preventing Foreclosures
Here's how state and city governments are keeping homeonwers in their homes as more and more Americans experience income loss. The post How Lawmakers are Preventing Foreclosures appeared first on [...]
Survey: 36% of Americans May Miss Housing Payments
According to a new survey, many feel that the stimulus checks are not enough to avoid missing a mortgage or rent payment. The post Survey: 36% of Americans May Miss [...]
Wells Fargo: No New HELOCs Due to Current Market Conditions
Also, a coalition of states sent a letter to HUD urging action to protect seniors with Home Equity Conversion Mortgages. The post Wells Fargo: No New HELOCs Due to Current [...]
The Week Ahead: Mortgage Leaders Discuss Pandemic Response
Also in The Week Ahead, get the latest on the mortgage servicing rights market and how unemployment is impacting housing. The post The Week Ahead: Mortgage Leaders Discuss Pandemic Response [...]
Court: Borrower Waived Pre-Foreclosure Right to Meeting
Bank of America argued it was not required to conduct the face-to-face meeting because after defaulting on the note and mortgage the borrowers demanded “the bank cease all communication” with [...]
7.3% of Active Mortgages Now in Forbearance
Total forbearances now account for $841 billion in unpaid principal and includes 6.1% of all GSE-backed loans and 10.5% of all FHA/VA loans. The post 7.3% of Active Mortgages Now [...]
Former CFPB Director Discusses Bureau’s Response to COVID-19
Richard Cordrary says the Bureau should be doing more to help consumers during this pandemic. Click through to read more. The post Former CFPB Director Discusses Bureau’s Response to COVID-19 [...]
GSEs Report Coronavirus-Driven Income Loss
Here's how Fannie Mae and Freddie Mac assisted servicers and borrowers in the first quarter despite lost revenue. The post GSEs Report Coronavirus-Driven Income Loss appeared first on DSNews. Source: [...]
Investor Update: COVID-19’s Near-Term Rental Impact
The coronavirus pandemic is putting many industries out of work, and according to a new study, renters in these states are at-risk in the near term of missing payments. The [...]