The final two contenders for Democratic candidacy held their latest debate without an audience amind concerns over COVID-19.
Read More »Stock Market Falls Despite Emergency Actions
The Fed’s decision to drop interest rates to zero, Wall Street tumbled Monday and some are saying mortgage rates are poised to do the same.
Read More »COVID-19 Update: HUD Suspends Face-to-Face Requirements
The Hon. Brian D. Montgomery, Assistant Secretary for Housing - Federal Housing Commissioner stated that the previous policy was "not practical given the public health recommendations.” HUD also provided further updates on how the Department is addressing the virus.
Read More »President Donald Trump Declares National Emergency Over COVID-19
Declaration will provide access to $50 billion in federal funding to help combat the disease. The President added that 5 million tests could be available within a month.
Read More »Coalition of Mortgage Leaders Join Together for COVID-19 Response
Leaders from America’s top mortgage servicers join forces to offer guidance on recommended policies and procedures during the current coronavirus pandemic.
Read More »Fed Slashes Interest Rates to Zero
The FOMC added it would maintain this level until “it is confident that the economy has weathered recent events,” brought on by COVID-19.
Read More »Impact of Coronavirus on Reverse Mortgage Industry
One professional said of working in this current climate: “This is a crazy time.” Read more on how the industry is preparing to work with seniors during this crisis.
Read More »Meeting Borrower Needs in Coronavirus Outbreak
How are the financial regulators and the GSEs responding to the coronavirus spread, and protecting borrowers in the process?
Read More »Fate of COVID-19 Support Bill Uncertain
As the mortgage industry and other sectors of the American economy deal with the COVID-19 outbreak, all eyes were on Congress' attempts to formulate a bipartisan legislative response.
Read More »American Bankers Association Events Cancelled Due to COVID-19
The widespread concern over COVID-19 has caused the cancellation of 18 industry events set to take place between March and April.
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