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Eligible borrowers can add the forborne payments to the end of their loan term.

If employers maintain flexible working practices after lockdowns get lifted, housing preferences and subsequent property values could greatly change.

Previously, mortgage firms concentrated on borrower-facing systems at the expense of internal experience.

Incoming chief Frank Bisignano downplays any pressure to find $1.2 billion in cost cuts promised to shareholders from the acquisition of First Data. Instead he emphasized his track record of producing revenue growth and pledged to keep funding innovation projects.

The head of the U.S. central bank said its emergency credit programs were not designed to prop businesses up over the long term.

While overall mortgage application volume remained flat, purchase activity continued to rebound — and that should be the case through the remainder of the spring, according to the Mortgage Bankers Association.

A negative Federal Reserve policy rate is still improbable, but if it were to happen it could be a net benefit, according to a note from JPMorgan Chase.

The joint site describes potential strategies for both homeowners and renters economically affected by COVID-19.

By the end of the first quarter, the number of borrowers 30 days late on their mortgage increased by 59 basis points.

U.S. home prices continued climbing in the first quarter, before the impact of the pandemic's economic shutdown took hold.