Congress closer to prodding VA to update appraisal requirements

The Department of Veterans Affairs allows desktop appraisals when borrowers put 20 percent down, but nearly 90 percent of VA-backed loans are made to homebuyers who put nothing down. Continue reading

COVID-19-related forbearance volumes decline for first time since pandemic hit

Active COVID-19-related forbearance volumes declined by a net 34,000 for the week ending June 2, the first weekly decrease since the CARES Act went into effect, according to data released Friday. Continue reading

Trump administration announces halt on foreclosures and evictions

For now, evictions and foreclosures will be placed on a moratorium until the end of April. Continue reading