Organization Root Tag

The number of loans in forbearance increased by a full percentage point over the past week, according to the Mortgage Bankers Association.

Pre-pandemic, home-buying power was high, but few are likely to buy a home today given a host of uncertainties regarding coronavirus, First American said.

As lenders scale up on their remote capabilities in response to the pandemic, the software companies that service them see exponential growth.

The FHFA's director said the announcement is meant to “combat ongoing misinformation” about efforts to let homeowners skip mortgage payments due to the coronavirus pandemic.

The bureau said it began developing the standards before the coronavirus pandemic. But more transfers may occur as some servicers struggle to meet their obligations during the economic downturn.

Recognizing the leading originators of Federal Housing Administration mortgages in the 2020 Top Producers survey.

FHFA Director Mark Calabria stated that he was directing the GSEs to "add liquidity" to the markets, but the actions of the FHFA say precisely the opposite.

The Treasury secretary said recent government moves will help the firms get through the risk of millions of borrowers missing their loan payments.

The coronavirus outbreak has shuttered business and kept people hunkered down in their homes. Perhaps unsurprisingly, it's also resulted in a market that experts describe as essentially frozen in place.

The Federal Housing Administration has provided struggling homeowners with payment flexibility and explored other measures. At the same time, the agency is mindful of protecting itself against downside risks.

Due to COVID-19's economic impact, the number of mortgaged properties in default or foreclosure rose in March for the first time since the turn of the century, according to Black Knight.

Low mortgage rates increased new orders, but fallout from the pandemic hurt investment income.

The bipartisan coalition of AGs said homeowners should be allowed to wait until the end of a loan term to make payments they skipped because of the coronavirus.

Mortgage rates were little changed this week as the markets reacted positively to various economic measures coming out of Washington, according to Freddie Mac.

The policy move will allow small institutions participating in the Paycheck Protection Program to pledge business loans as collateral to obtain advances.

Financial institutions could testify before the bipartisan commission overseeing the unprecedented economic aid for industries hit by the COVID-19 pandemic. But without subpoena authority, the panel’s impact may be limited.

Treating COVID-19 forbearances as a natural disaster will likely mean the MIs will not need to hold as much capital.

The Federal Housing Finance Agency has promised to take care of advances on principal and interest payments for coronavirus forbearances after four months, but servicers remain concerned about other responsibilities.

The FHFA will allow Fannie Mae and Freddie Mac, for a limited time, to purchase loans for which the borrower has sought to postpone payments because of the economic effects of the coronavirus.

Mortgage fraud risk plummeted in the first quarter of 2020 amid historically low mortgage rates and a boom of refinances, but the coronavirus could create a new set of risks, according to CoreLogic.