Banco Popular de Puerto Rico

The government is cushioning the impact of the coronavirus on consumers, but independent mortgage bankers need funding to deal with increased levels of servicing advances because of forbearances.

Simply stated, the federal forbearance of mortgage payments is perhaps the largest unfunded public mandate in American history.

Community banks and credit unions could carve out an opportunity by refinancing mortgages from larger institutions.

The CARES Act does not define what a covered period is when it comes to residential mortgage borrower requests for forbearance.

If rising flood waters were the right analogy last time around, this time a tsunami is probably a more accurate description of the wave of delinquencies about to come.

FHFA head Mark Calabria and his FSOC counterparts need to sit down with the Treasury and fashion an emergency capital plan for the GSEs.

We need to be doing everything possible to ensure those that needed down payment assistance are able to keep their homes during this crisis and beyond.

But unless lenders make fundamental shifts in how they use this technology, change isn't going to happen.

FHFA, HUD and Ginnie Mae should let the rate of prepayments on MBS dictate bond prices and market rates.

By providing flexibility for property tax payments localities can help keep local businesses going and maintain their tax base for the future.