Tag Archives: CARES Act

Federal consumer watchdog flags mortgage servicers’ junk fees

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The CFPB alleges mortgage servicers charged excessive late fees, assessed “fake” private mortgage insurance premiums and made homeowners pay for unnecessary inspections. Continue reading →

Carrington grudgingly signs off on $5.25M COVID-19 relief settlement

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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 →

How agents can nab new inventory as moratoriums expire

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It’s unclear exactly how many properties will be freed up after federal eviction and foreclosure moratoriums expire at the end of July. But whichever way it goes, agents will want to be prepared. Continue reading →

Eviction and foreclosure moratoriums expire

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Several economists and housing experts share what could unfold for homeowners, renters and the overall economy when the CDC’s eviction and foreclosure moratorium ends on July 31. Continue reading →

Landlords are ditching their rental properties and cashing out

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Rising home prices are causing landlords to choose between equity or cash flow. For those deciding to list, earnings are substantial, investment property owners told Inman. Continue reading →

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

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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 →

How far $1,200 will go for renters and homeowners in 50 US cities

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Over 75 percent of U.S. renters and almost 50 percent of homeowners could pay one month of housing expenses with a $1,200 stimulus check, according to data from Redfin Continue reading →

Could coronavirus mortgage payment relief spell trouble for the industry?

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A provision of the CARES Act allows for mortgage payment relief to help struggling families, but it could have an unintended negative effect on the real estate industry. Continue reading →

Banks get first grab at stimulus checks

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Nothing in the CARES Act precludes banks from garnishing the federal stimulus checks currently being disbursed to Americans. Continue reading →