The state of New Jersey has amended its Mortgage Stabilization and Relief Act, adding a provision allowing a delinquent borrower to pay nothing during his/her forbearance period. The forbearance period can last up to six months but only becomes effective after a foreclosure action is filed. The law firm of K&L Gates said the amendment is âlooking like a smart economic moveâ in New Jersey...
The lender says it's willing to "cut costs deeper" if macroeconomic conditions hinder it from reaching a breakeven adjusted EBITDA goal later this year.
Freddie Mac was more aggressive than its counterpart for much of the past year but March activity establishes that there's a different trend at play in 2026.
Life insurers' borrowings from the Federal Home Loan banks has increased in recent years, raising concerns about opaque, private credit investments and how it intersects with the Federal Home Loan banks' housing mission.
Rocket Cos. gave generous stock awards to its leaders for a busy year, while Better Home & Finance awarded raises to leaders after a difficult stretch.
A New York bank says the regulator's rejection last fall is preventing it from keeping up with local nonbank lenders deploying cash-offer products.
The share of seriously underwater homeowners also grew in 45 states compared to a year ago, with the South Central region most affected, according to Attom.
