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The agency said lenders should avoid reporting delinquent payments to credit bureaus for consumers who have sought payment relief due to the pandemic.

The 2020 countdown of the National Mortgage News Top Producers list continues by featuring the loan officers ranked 101 to 200.

Andrew Martinez joined National Mortgage News in January 2022. He previously worked at Bisnow, covering commercial real estate news in the Boston region, and prior to that, covered the federal court for the Boston Herald. He began his career in 2015 as the sports editor of the Rio Grande Sun newspaper in Northern New Mexico. He studied journalism and political science at California State University, Northridge, where he was the editor-in-chief of the student newspaper.

Twitter: @andrewomartinez

Bank of America said it has agreed to allow 50,000 mortgage customers to defer payments for three months because they've lost income as a result of the pandemic.

Consumer needs are in flux and Top Producers were looking at technology and risks associated with unexpected financial challenges as areas where they weren't yet meeting those needs. The coronavirus only intensified the urgency.

The latest deadline for Genworth Financial's acquisition by China Oceanwide is June 30, but the parties are looking to get the transaction completed by the end of next month.

Real estate crowdfunding company Sharestates launched a program Wednesday offering liquidity to private lenders and loan aggregators contending with margin calls as a result of market volatility related to the coronavirus outbreak.

Federal Housing Finance Agency Director Mark Calabria said a virus-induced financial crisis might give rise to more delinquencies and foreclosures than the 2007 subprime mortgage meltdown.

Mortgage application activity increased from the prior week, driven by strong refinance volume after a 35-basis-point drop in conforming loan interest rates, according to the Mortgage Bankers Association.