Fannie Mae, Freddie Mac and the Federal Housing Administration outlined relief for homeowners as FEMA and the state of Hawaii rushed to provide emergency housing for displaced residents. Continue reading
Mortgage loan servicers collecting payments on loans guaranteed by Fannie Mae and Freddie Mac completed 2.36 million “home retention actions” during the COVID-19 pandemic. Continue reading
CFPB alleges some homeowners who sought forbearance during the pandemic were charged improper late fees and weren’t fully informed of their options. Continue reading
Citing impact of rising rates on mortgage originations, Mr. Cooper laid off 250 workers during the first quarter, with more reductions in store. Continue reading
February’s 19.6 percent annual home price appreciation, together with sharp rise in mortgage rates, produced the tightest affordability in 15 years, according to new data from Black Knight. Continue reading
Mortgage lenders are cautious about extending credit and home prices are so low that most deals are for cash, putting buyers at greater risk. Continue reading
More than 500,000 borrowers are in loss mitigation after pandemic relief from monthly mortgage payments expires, according to Black Knight’s latest Mortgage Monitor Report. Continue reading
Total delinquency rates dropped 4.2 percent in July, 2.3 percentage points lower than the 6.5 percent observed in July 2020, according to new data released Tuesday by CoreLogic. Continue reading
Prospect of higher monthly mortgage payments for homebuyers and impact on affordability also a concern, according to an analysis of mortgage pipeline data by Black Knight. Continue reading
Rise in home values may also help borrowers who decided to put their mortgage payments on hold during the pandemic. Continue reading