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Fannie Mae and Freddie Mac have imposed heavy price adjustments for loans that were granted relief under the pandemic relief law enacted in March.
July 22 -
Sales of previously owned homes rose in June for the first time in four months as the economy reopened more broadly from coronavirus-related shutdowns and buyers took advantage of record-low mortgage rates.
July 22 -
Fannie Mae could be worthless to public shareholders, according to its newest analyst.
July 22 -
Mortgage applications increased 4.1% from one week earlier as consumers continued to pursue both purchases and refinancings even as conforming rates rose from their record lows, according to the Mortgage Bankers Association.
July 22 -
Commemorating the law's anniversary, the ex-president, joined by former Sen. Chris Dodd and Rep. Barney Frank, said years of tenacious GOP opposition did little to change the post-crisis regulatory regime.
July 21 -
The domestic mortgage insurer could have a portion of its equity sold as an initial public offering if the China Oceanwide transaction were to be terminated.
July 21 -
The Financial Stability Oversight Council’s plan to study the market explains very little about which activities or firms, like Fannie Mae and Freddie Mac, will be designated as systemically important. Here's some clearer guidance.
July 21
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The measures currently ensuring mortgage companies have sufficient cash to cover advances aren't necessarily sustainable, warns Ted Tozer, a senior fellow at the Milken Institute and a former government official.
July 21 -
The national conversation around systemic racism has compelled large banks to withdraw support from the “disparate impact” proposal. But community banks maintain that the proposed reforms would reduce frivolous claims.
July 20 -
The number of loans going into coronavirus-related forbearance dropped for the fifth straight week, as the growth rate plummeted 38 basis points between July 6 and July 12, according to the Mortgage Bankers Association.
July 20 -
The Federal Housing Finance Agency will extend the same GSE benchmarks of the past three years into 2021.
July 20 -
The technology company reiterated its call for the hostile bidders to raise their $65 per share offer.
July 20 -
Issuers approved for the program will receive written authority to use "digital collateral" for a limited number of securitizations.
July 20 -
The median price for detached homes in Marin County, Calif., rose 5.3% in June over the prior year, marking the first solid gain since the coronavirus arrested the market.
July 19 -
Ocwen Financial's preliminary second-quarter results put it back in the black, and it is positioning its growing distressed-servicing expertise and pandemic-induced exposures as a net positive.
July 17 -
Rocket Cos. profits were over 35 times greater than what it disclosed for the first quarter.
July 17 -
A strong housing market prior to the pandemic and the subsequent coronavirus-related moratorium helped to pull foreclosure activity down to historic lows in the first half of 2020, though that could all change soon, according to Attom Data Solutions.
July 17 -
Buyers in metro Denver who expected to have an easier time snagging a discounted home given all the economic turmoil may need to recalculate.
July 17 -
The coronavirus relief law allows forbearance plans for up to a year on federally backed mortgages, but House Democrats say homeowners have had difficulty getting relief.
July 16 -
The surge of COVID-19 cases in much of the nation put a hold on reopening the economy, adding risk to the housing market, First American said.
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