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Today there are 1 million fewer Americans in forbearance than there were at the peak in May, according to Black Knight.
September 4 -
Both the Federal Housing Finance Agency and Federal Housing Administration are extending relief for homeowners and renters due to the pandemic crisis.
August 27 -
Three non-QM deal issuers in August report varying levels of progress in moving borrowers from expired forbearance programs.
August 27 -
Rather than letting zombie properties sit vacant, selling them to new owners and getting them reoccupied, creates the desired outcome.
August 21Auction.com -
Positive payment behaviors in conjunction with CARES Act measures kept mortgage delinquencies from rising, but the number of borrowers facing hardship grew exponentially from last year, according to TransUnion.
August 20 -
As more borrowers exit their plans, fewer than 4 million loans sit in forbearance, according to Black Knight.
August 14 -
Borrowers will likely have to put more assets on the line to get forbearance extensions.
August 13 -
A survey conducted throughout the second quarter found knowledge gaps based on race and income.
August 12 -
May’s overall delinquency rate was up over 100% from the prior year.
August 11 -
Credit card balances declined most sharply as consumers cut back their spending due to the coronavirus pandemic and associated shutdown orders, the New York Fed said Thursday. But delinquencies also fell across all debt categories, thanks to government and lender relief efforts.
August 6