Loans with coronavirus-related forbearance have to be reported as current to the credit bureaus but there’s a ripple effect from them that has implications for credit reports and underwriting.
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From the Midwest to mid-Atlantic, here's a look at 12 housing markets where first-time homebuyers find the most affordability, according to NerdWallet.
The agency has freed companies from reporting requirements and provided flexibility on exams to help them deal with COVID-19 fallout. It has also finished other regulatory relief efforts that were in the pipeline before the pandemic hit.
Democrats’ latest proposal to back debt collectors, enable loans for nonprofits and provide other relief could help steer negotiations with the Senate on more stimulus.
From what it takes to accommodate remote notarization to figuring out how to process an influx of forbearance requests through limited communication channels, here are five takeaways from coronavirus-related work restrictions.
As lenders scale up on their remote capabilities in response to the pandemic, the software companies that service them see exponential growth.
Future loss mitigation may be most effective if housing-finance industry stakeholders communicate clearly with consumers about these five aspects of the Coronavirus Aid, Relief and Economic Security Act.
From the crossroads of America down to the bayou, here's a look at 12 housing markets where it's the most financially prudent to buy a home rather than rent, according to First American.
Forbearance requirements under the CARES Act raised immediate concerns about servicing advances and performance, but experts suggest there are other outcomes to brace for, too.
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Founder and CEOClarifireMay 19
CEO and PresidentSagent Lending TechnologiesMay 15
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News & Features
The second-quarter jump in provisions may be three to four times higher than a year earlier and will be mostly for loans that have yet to go bad, analysts said.May 22
The original so-called payment holiday started in March and was set to end next month.May 22
Central Ohio home sales fell sharply in April and dropped to their lowest level in a decade nationally, as the coronavirus pandemic took full hold of the real estate market.May 22
Signed purchase agreements dropped 20%, but the sales that closed in April showed buyers still paying top dollar.May 22
A Democratic measure to freeze foreclosures and auto repossessions through the coronavirus crisis while expanding eligibility for loan forbearance is getting strong pushback from banks and credit unions, which complain it would constrain credit.May 21
- Mortgage refinance volume is up 105% from a year ago: Report
- States Title adds $123M in new capital to promote digital closings
- Mortgage rates decrease, supporting purchase activity growth
- FHFA plan would make GSEs hold banklike capital amounts
- New Residential's capital raise doubles the cash on its balance sheet
DocMagic Launches AutoPrep Technology, Enabling Total eClose™ to Accept Documents from Any Provider for Paperless eClosingsTechnology automates the intricacies of preparing documents for an electronic closing
Tier 1 CRA rounds out their product offerings with Finicity partnership
The integration allows lenders to more efficiently and securely share data between Visionet’s VLR solution, that is approved/certified by Freddie Mac and Fannie Mae, and Ellie Mae’s Encompass® to improve closure ratio, reduce turnaround time and save costs in the loan origination process.