Additionally, the Federal Reserve Board has announced a temporary change to its supplementary leverage ratio rule.
Read More »Mortgage Industry Could Face ‘Complete Chaos’
A coalition of leaders sent a request to federal regulators noting requests for forbearances have been coming in at an “alarming rate” and a desperate need for liquidity.
Read More »Jobless Claims Rise to More Than 6 Million
The latest report represents the largest increase in the Department of Labor’s adjusted series, and led one economist to say the virus could lead to a “surge” in missed payments.
Read More »Homeowners Receive Additional Relief From HUD
Those impacted by COVID-19 can have mortgage payments deferred or reduced for up to six months. Click through more details.
Read More »FHFA Reports Increase in Minority, Female Workers
Click through to read more of the agency’s annual report to Congress.
Read More »FHFA Approves Loan Processing Flexibility by GSEs
Both Fannie Mae and Freddie Mac announced new measures aimed to help borrowers and lenders impacted by the spread of COVID-19.
Read More »Implications of CARES Act on the Housing Market
The record $2.2 trillion stimulus package provides billions for housing programs. Click through to see what programs are being funded.
Read More »CARES Act to Provide Relief for Homeowners
One economist said servicers face a “big risk” if borrowers are not sending in money for payments. Click through for details on the bill.
Read More »Virus’ Impact on the GSEs, Mortgage-Backed Securities
Both Fannie Mae and Freddie Mac have more than $5 trillion single-family guarantees. How will the spread of COVID-19 affect the enterprises?
Read More »‘Helicopter Money’ Crucial to Homeowners
Housing and mortgage leaders discussed the $2 trillion stimulus package that is set for a vote Friday by the House of the Representatives.
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