Mortgages

The wealthiest, most-reliable mortgage borrowers in the U.S. are hearing an unfamiliar word from lenders: No.

Separate reports from Radian and Redfin show home values rose during March despite a slowdown in sales, but that is likely to change as shelter-in-place orders affect the real estate markets.

The agency said it is aligning policies for Fannie Mae- and Freddie Mac-backed loans in forbearance so that servicers are only responsible for advancing four months of missed payments.

Future loss mitigation may be most effective if housing-finance industry stakeholders communicate clearly with consumers about these five aspects of the Coronavirus Aid, Relief and Economic Security Act.

While much is unknown about how badly the coronavirus pandemic has damaged Southern Nevada's economy, one economist doesn't foresee a major housing market crisis here.

Fannie Mae and Freddie Mac's regulator is confronting a fresh crisis for the U.S. housing market: The companies won't buy recently issued loans that were made to borrowers who already can't afford their monthly payments because of coronavirus.

Maui's housing market showed stability in March ahead of an expected downturn caused by the coronavirus pandemic.

Surging unemployment from COVID-19 shutdowns brought a rapidly rising tide of forbearance requests, according to the Mortgage Bankers Association.

Federal backing for firms facing a deluge of missed mortgage payments is still on the table despite recent comments by an official who questioned the need to help the industry.

As the nation struggles with the coronavirus, now is not the time to make major revisions to the Community Reinvestment Act.

The coronavirus outbreak, along with the shift to a lower paying refinance business, will likely limit commission earnings for the rest of 2020.

In March, home sales rose year-over-year for the fourth consecutive month, but the coronavirus inhibited what's typically the biggest monthly boost of the year, according to Remax.

Bay Area home prices rose substantially in March despite a drop in sales compared with last March, but those numbers reflect deals entered into before most counties imposed shelter-in-place orders.

The COVID-19 pandemic has caused a mild fluctuation in the Savannah, Ga., area real estate market, but many people are still inking closing contracts. At the same time. local industry leaders and agents are turning to technology to help them find their forever homes.

COVID-19 has led to an unprecedented number of homes for sale being withdrawn, canceled or temporarily taken off the market in Sarasota County, Fla., but the prices on the homes that are being sold have held steady, according to a Sarasota real estate firm.

The nonprofit that distributed a loss mitigation platform built during the last crisis recently closed, but the technology's creator sees interest in its use for COVID-19-related deferrals.

Mortgage industry hiring and new job appointments for the week ending April 17.

As federal stimulus checks land in bank accounts in coming days, a sobering reality may hit many Bay Area residents — the money will cover less of their housing costs than anywhere else in the country.

The nation's largest bank is temporarily reducing its exposure to the mortgage market amid rising unemployment and estimates that home prices could drop by 10%.

The National Credit Union Administration is giving lenders and borrowers extra time to complete appraisals to ensure mortgages are still being completed despite the pandemic.