CARES Act

The share of Dallas-Fort Worth area homeowners who are behind on their mortgage payments is spiking with the pandemic.

B. Riley FBR raised its ratings for both Fannie Mae and Freddie Mac to sell from neutral on the possibility the net worth sweep is declared illegal.

A significant number of plans that expired at the end of June were not renewed, Black Knight said.

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

Mortgage insurers had been operating under the belief that rules pertaining to natural disaster delinquencies apply with COVID-19, but now it's in writing.

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

Lenders and servicers' biggest pandemic challenges revolve around clarity for loan eligibility and understanding options for their borrowers once the forbearance period ends.

Compared with the week prior, approximately 83,000 more loans from all investor types became forborne.

Community associations have continued to take homeowners to court and initiate foreclosures during the economic crisis for delinquent dues

St. Louis officials approved using $5 million in federal tax credits to extend a loan to national low-income housing firm McCormack Baron Salazar, an unusual move the company said will help it weather the financial impact of the coronavirus pandemic.

Compared with the week prior, approximately 57,000 fewer loans from all investor types were forborne.

Some lawmakers fear that when forbearance plans and enhanced unemployment coverage expire, the consequences for mortgage borrowers still affected by the pandemic will be severe.

One criticism of the CARES Act is that it provides relief only to borrowers with government-backed loans. Bills in New York and California would cover the remaining 30% of homeowners.

The rescue bill enabled banks to protect loans in forbearance from an immediate hit to a borrower’s credit report, but experts say affected consumers may have trouble getting loans after the pandemic ends.

The company's pricing of its secondary stock option partially alleviated worries about the need to obtain new funds and the risk of dilution for existing shareholders.

But the number of foreclosures and zombie properties may spike after the moratorium ends on June 30.

Loans with coronavirus-related forbearance have to be reported as current to the credit bureaus but there’s a ripple effect from them that has implications for credit reports and underwriting.

Democrats’ latest proposal to back debt collectors, enable loans for nonprofits and provide other relief could help steer negotiations with the Senate on more stimulus.

The agency's announcement came one day after the agency said it would provide borrowers struggling to stay current with an additional payment deferral option.