Economy

With no way of knowing just how many borrowers will need the mods after the coronavirus forbearance period ends, lenders are deploying artificial intelligence and servicing protocols to tame the ferocious piles of paperwork awaiting them.

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.

Steps have been taken to manage coronavirus-related liquidity risks to the housing finance system, but some remain, according to Mortgage Bankers Association President and CEO Robert Broeksmit.

Stuck day and night in their homes, a surprising number of Americans are deciding the pandemic is a great time to upgrade.

The Austin, Texas, area housing market had been on a 10-year roll before the coronavirus pandemic. Several market indicators nosedived as the effects began to be felt in the market in late March and continuing into April.

Fannie Mae and Freddie Mac have different timelines for the switch.

Embrace will originate and close home loans in its own name for clients of the wealth management firm.

Michigan's economy collapsed this spring amid the coronavirus pandemic as thousands of businesses closed and more than 1 million residents lost work and sought unemployment benefits.

New housing activity in Connecticut took a precipitous decline last month, with the number of permits issued around the state down 65.4% from April 2019, according to the Department of Economic and Community Development.

Both Fannie Mae and Freddie Mac have relaunched existing websites to provide COVID-19 tools to borrowers and servicers.