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The number of grievances about evictions and federal student loans declined between January 2020 and May 2021. Nonetheless, the Consumer Financial Protection Bureau warned financial firms that poor customer service can undermine government efforts to provide aid.
July 2
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The number of GSE-backed and government sponsored loans in forbearance declined, while portfolio and private-label loans increased.
July 2
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It is only a modest positive for new publicly-traded mortgage companies if acting Federal Housing Finance Agency head Sandra Thompson rolled back the caps put in place by the agreement with the Treasury.
July 2
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The department's antitrust division said Thursday that it was withdrawing from the November 2020 agreement because its terms prevent the division from continuing to investigate association rules that may harm homebuyers and sellers.
July 2
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Estimates suggest public funds in aggregate may be adequate to cover arrears and potentially keep many in their homes as the eviction ban ends, but may not be evenly distributed.
July 1
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Private mortgage insurers can continue to hold less capital for forborne delinquent loans, which helps them potentially upstream payments to parent companies in the third and fourth quarters.
July 1
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Markets react calmly to inflationary worries, but short supply and rising home prices loom as a greater concern.
July 1
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The financial services company will incentivize existing card members with statement credit for taking out or refinancing a home loan with either lender.
July 1
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The ruling confirms that a state precedent regarding forward mortgages also applies to home equity conversion loans.
July 1
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Federal Reserve officials who favor prioritizing mortgage-backed securities when they begin to scale back asset purchases have added Governor Christopher Waller to their ranks.
July 1
