Efforts by the Federal Reserve to prop up the mortgage-backed securities (MBS) market do not appear to have worked as well as hoped, according to a new data analysis released by Bloomberg. As of Sept. 29, the Bloomberg Barclays U.S. ...
Read More »Industry Representatives Urge Congress to Pass COVID-19 Relief
Builders stressed the need for legislation in order to prevent COVID-related issues from "undermining the stability of the housing market and the financial health of our communities."
Read More »High Unemployment Hasn’t Curbed ‘Robust’ Housing Market
Data shows an improving housing market outlook, but high unemployment and lingering economic uncertainty tempers analysts’ expectations.
Read More »Former Freddie Mac Exec Criticizes Financial Stability Oversight Council
In an op-ed piece, Fannie Mae's former CEO called the Financial Stability Oversight Council’s review of the secondary mortgage market politically “compromised.” Click through the read what he thinks they got right and what's still lacking.
Read More »Ohio Courts Add Program to Expedite Settlement Process
The United States Bankruptcy Court for the Southern District of Ohio recently announced a Mortgage Modification Mediation Program (MMM Program) to facilitate negotiations and expedite the settlement process between debtors and creditors within the bankruptcy proceedings. “The MMM Program shall ...
Read More »FHFA Addresses the Language Barrier
The FHFA, which oversees Fannie Mae and Freddie Mac, recently announced new resources for Americans who need assistance with mortgage loans but who possess limited English-language proficiency. That could be causing homeowners extra hardships during an already trying time, the ...
Read More »National Flood Insurance Program Extended, But Problems Remain
Members of the housing industry thanked lawmakers for the extension but also urged them "to make long-term reform a priority moving forward."
Read More »California Law Determines Who Has ‘First Dibs’ on Foreclosures
A new law in California will restrict anyone selling foreclosed homes from bundling them at auction for sale to a single buyer. In addition, the law paves the way for tenants, families, local governments, affordable housing nonprofits, and community land ...
Read More »Commentary: Making it as a Female Mortgage Servicer
Meg Whitman, the former CEO of eBay and Hewlett Packard, once said that “passion is the fuel behind a successful career,” and I’ve certainly found that to be true. My earlier career objectives were not even remotely close to mortgage, let alone servicing technology. Yet this ...
Read More »States That Stand to Lead Home-Equity Origination
Due to economic impact of COVID-19, more Americans are taking out home-equity and other types of loans, according to a new study by WalletHub. "Americans who are having trouble with their finances during the COVID-19 pandemic are searching for all sorts ...
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