A coalition of groups and companies from the housing and mortgage finance industry has pledged $25million to support victims, families, rescue workers, and others affected by the terrorist attacks and hijackingson Sept. 11. The goal of the effort is to provide relief, including grief counseling and psychologicalservices, financial support for housing-related rebuilding in Lower Manhattan, and mortgage and rental paymentassistance. "America's strength, spirit and resolve have never been greater," a joint statement said."The housing and mortgage industry stands united and ready to help the country cope with this terrible tragedy,to rebuild, and to heal. We have complete faith that this nation will stand tall after the tragic events of theday." The statement was attributed to executives of the coalition partners: Franklin D. Raines, chairman andchief executive officer of Fannie Mae; Leland C. Brendsel, chairman and CEO of Freddie Mac; Bruce C. Smith, presidentof the National Association of Home Builders; Richard A. Mendenhall, president of the National Association of Realtors;Andrew Woodward, president of the Mortgage Bankers Association of America; Kenneth Guenther, president of the IndependentCommunity Bankers of America; Leonard Wood, chairman of the National Multi Housing Council; and Rick Davis, presidentof the Homeownership Alliance.
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Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
9h ago -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
10h ago -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
10h ago -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
April 26 -
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25