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 »Homeownership Rate Rose for Young Adults
A new report said younger homeowners were able to reverse recent trends but that could change due to the outbreak of COVID-19.
Read More »Mortgage Industry to Convene for Pandemic Discussions
On May 6, the Mortgage Industry Pandemic Summit will feature leading experts discussing the major operational challenges facing our industry during the COVID-19 outbreak.
Read More »White Paper: ‘Unprecedented Times’ for Housing
New research finds the impact of COVID-19 could cost the industry $150 billion in real estate closings in Q2 2020. Click through to read more.
Read More »The Week Ahead: Industry Leaders to Appear on DS5
Also on The Week Ahead are reports from the Federal Reserve and Freddie Mac will reveal if mortgage rates continue to fall.
Read More »Bank of America CEO Discusses Mortgage Forbearance Programs
Brian Moynihan appeared on CNBC’s Squawk on The Street Friday to discuss the number of homeowners his bank has helped defer payments.
Read More »Virus Impacting Residential Construction Industry
How many companies reported issues with having workers report to job sites in a new survey? Click through to read more.
Read More »Available Home Inventory Slumps 15.7% in March
Click through for more information on how home prices fared for the month and what insiders project for April.
Read More »Older Millennials Driving Refinance Surge
Homeowners between the ages of 30-and-40-years old made up 41% of the market. What share did younger borrowers account for?
Read More »