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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 -
Although activity crept down in May from April, it posted “dramatic” increases from the year before, according to Attom Data Solutions.
June 15 -
Most of the activity covered vacant and abandoned properties or commercial loans, according to Attom Data Solutions.
May 12 -
Servicers of loans not related to the government most often capitalized missed payments and converted them into a deferred, non-amortizing balance, said Vadim Verkhoglyad of dv01.
April 12 -
The development bodes well for outcomes on distressed loans backed by major government-related mortgage investors Fannie Mae and Freddie Mac.
March 26 -
The agency will allow an additional three months of forbearance for multifamily property loans backed by Fannie Mae and Freddie Mac, as long as tenant protections are offered.
March 4 -
The agency will allow an additional three months of forbearance for loans backed by Fannie Mae and Freddie Mac, giving homeowners up to 18 months to suspend payments due to the pandemic.
February 25 -
Both in terms of interest expense and the sheer cost of dealing with consumers, the mortgage industry is out hundreds of millions of dollars due to this unfunded mandate from Congress, analyst Chris Whalen says.
February 16Whalen Global Advisors LLC -
The CARES Act-related forbearances could be “lulling us into a false sense of security” as 12-month expirations approach, according to Black Knight.
February 1 -
The uptick marks only the third increase in consecutive weeks since reaching a peak in May, according to Black Knight.
January 29