Despite a requirement for homes in certain flood-prone areas, FEMA receives tens of millions in claims annually.
Read More »Forbearance Plans See Largest Drop Since Start of Pandemic
One economist called the dip “an encourage sign of continued improvement,” driven mostly by many plans expiring at the end of June.
Read More »FHA, FHFA Announce Extended Assistance for Homeowners
The Federal Housing Finance Agency (FHFA) announced that the GSEs—Fannie Mae and Freddie Mac—will extend several loan origination flexibilities until August 31. These flexibilities were set to expire on July 31, 2020. Extended flexibilities include: Alternative appraisals on purchase and ...
Read More »Supreme Court to Address FHFA’s Constitutionality, Autodialers
The high court says it will hear questions regarding the Agency's single-director formation, which is similar to the CFPB's structure that was ruled unconstitutional earlier this month.
Read More »Unemployment Claims Rise to 3.2M
While data showed there was a slight decline for the week of July 4, analysis of the report by Fannie Mae says the market is still seeing a “significant degree of disruption” from COVID-19.
Read More »Renters’ Homeownership Hopes Delayed
How many of prospective homebuyers have been deterred by COVID-19?
Read More »More Americans Struggling to Make Full House Payments
The latest survey found certain segments of the market are falling behind, and a growing share of borrowers are concerned about falling into foreclosure.
Read More »Pandemic Policies and African American, Hispanic Borrowers
Research found minority households are more likely to lose income and face housing insecurity due to the pandemic.
Read More »How Times of Crisis Cause Stress on Minority Homeowners
Leaders from Bank of America, Planet Home Lending, and U.S. Bank Home Mortgage will join the American Mortgage Diversity Council in webinar to discuss how the industry can build a more sustainable and equitable housing ecosystem.
Read More »Is Your Program CARES Act Compliant?
The industry must maintain business continuity planning while managing processes and regulatory changes in real time. This story originally appeared in the July edition of DS News.
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