The FHFA noted that borrowers in forbearance with a Fannie Mae or Freddie Mac-backed mortgage are not required to repay the missed payments in one lump sum.

This is an increase from Black Knights April 16 data, when more than 2.9 million homeowners, or 5.5% of all mortgages, have entered into COVID-19 mortgage forbearance plans.

According to the FHFA, eligible loans will also be priced to mitigate the heightened risk of loss to the GSEs from these loans.

Join the Hon. Brian D. Montgomery, Assistant Secretary for Housing–Federal Housing Commissioner, United States Department of Housing and Urban Development on Thursday for a discussion on th ebiggest challenges in housing right now.

Here's how nonbank servicers are dealing with increased forbearance, as growing market uncertainty creates market volatility.

According to the Bureau, the final rule will reduce regulatory burden on smaller institutions to help those institutions to focus on responding to consumers in need now and in the longer term.

Treasury Secretary Steven Mnuchin stated that the Treasury Department has had discussions with the Federal Housing Finance Agency about the mortgage market.

Redfin has announced that hundreds of its agents will be furloughed due to decreased housing demand.

A memo reveals that Financial Services Committee staff are recommending a blanket ban on stock buybacks, a halt to all evictions and foreclosures, and a pause on any negative credit reporting.

In a new white paper, the former Director of the Consumer Financial Protection Bureau outlined his proposal for preventing economic hardships.