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.
Read More »Mortgages in Coronavirus-Related Forbearance Rise
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.
Read More »Treasury: No Plans for Servicer Funding Facility ‘At This Time’
Bloombergreports that Treasury Secretary Steven Mnuchin said that there are currently no plans to create a Federal Reserve facility to inject funding into nonbank mortgage servicers. He added ...
Read More »Vice President Mike Pence Briefs Mortgage Industry Stakeholders
The Vice President addressed the status of the federal government’s response to COVID-19 during a conference call, where Housing Commissioner Brian D. Montgomery delved into how the FHA is helping homeowners.
Read More »Federal Housing Commissioner Shares Insight on CWCOT Changes, COVID-19
Click through to hear the conversation between Brian D. Montgomery and Ed Delgado, Five Star Global’s President and CEO, on the state of housing amidst the spread of the coronavirus.
Read More »FHA Wanted to Provide ‘Breathing Room’ to Borrowers
Federal Housing Commissioner Brian D. Montgomery said in an exclusive conversation that it was important to help homeowners impacted by COVID-19, as well as changes to the CWCOT program, remote-working challenges, and more.
Read More »Fannie and Freddie to Buy Loans in Forbearance
According to the FHFA, eligible loans will also be priced to mitigate the heightened risk of loss to the GSEs from these loans.
Read More »Exclusive Preview: FHA Head to Discuss CWCOT, COVID-19
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.
Read More »Servicer Advances Approved by FHFA
Click through to learn how this will impacted loans in forbearance due to COVID-19.
Read More »Challenges in Servicer Liquidity
Here's how nonbank servicers are dealing with increased forbearance, as growing market uncertainty creates market volatility.
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