Government

The statement from the FOMC said it would continue this plan “at least at the current pace” to ensure the market functions smoothly.

According to FHFA Director Mark Calabria, there is still more work to be done in the mortgage finance system.

The new mortgagee letter recognizes borrowers impacted by COVID-19 that met all requirements set forth by the Administration before the pandemic.

Donald F. Kish, who has served as Interim CFO since December 2019, will continue serving as SVP, Corporate Controller and Principal Accounting Officer.

This is despite the Federal Reserve injecting $688 billion into the market in March to offset the impact of COVID-19.

Despite analysis that says mortgage rates could rise to meet requirements set forth by the FHFA, the Agency says it is “far too early” to tell.

In a new update, industry experts dive into the key issues affecting the mortgage and housing industry, from rents to interest rates and price growth.

The Housing Financial Services Committee held a roundtable discussion on how the pandemic has impacted homeowners, and how minorities have been “disproportionately” affected.

Joseph M. Otting's final day at the Office of the Comptroller of the Currency will be May 29.

The ability for Congress to utilize Fannie Mae and Freddie Mac to assist borrowers has helped keep the industry afloat during COVID-19.