A Snapshot of Mortgage Forbearance Trends
Click through to see the increase in the number of mortgages being deferred over the past week. The post A Snapshot of Mortgage Forbearance Trends appeared first on DSNews. Source: [...]
Wells Fargo, JPMorgan’s Revenues Drop
Click through to read more details on the balance sheets for the banking giants during Q1 2020. The post Wells Fargo, JPMorgan’s Revenues Drop appeared first on DSNews. Source: DS [...]
One-Third of Americans Burdened by Housing Costs
Click through to learn which states have the highest share of consumers spending more than 30% of their income on their home. The post One-Third of Americans Burdened by Housing [...]
GSEs Report 4.42M Preventive Actions Since Conservatorship
The FHFA’s report found that 50% of the actions taken during the month were for loan modification. Click through to read more on the report. The post GSEs Report 4.42M [...]
Delinquencies Could ‘Jump Significantly’ with Rising Unemployment
The number of delinquent loans is at its lowest number in more than two decades, but the report noted forbearance programs are serving as a “buffer” from “wide-spread foreclosures.” The [...]
3.5 Million New Mortgage Delinquencies Possible
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.” The post 3.5 Million New Mortgage [...]
DS5: The Shifting Housing Landscape and Remote-Working Challenges
In the latest episode of DS5: Inside the Industry, we spoke to ACC Mortgage’s Robert Senko about Fed actions and zoning shifts, while FHFA diversity leader Sharron Levine provided insights [...]
Government Shifts Financial Burden from Homeowners to Mortgage Servicers
While forbearance programs offer relief for borrowers, they could result in many servicers struggling to make payments to investors. The post Government Shifts Financial Burden from Homeowners to Mortgage Servicers [...]
Homeowner Relief Could Lead to Servicer Strain
Government mortgage relief programs must walk a tightrope between assisting homeowners impacted by COVID-19 but also ensuring the stability of the mortgage market. The post Homeowner Relief Could Lead to [...]