In an effort to assist borrowers impacted by Maui’s August wildfires, mortgage servicers will be prohibited from initiating or completing foreclosure actions through May 6, 2024.
Read More »Tozer Proposes Ginnie Mae Support of Independent Mortgage Bank Funding
Ted Tozer, former President of Ginnie Mae, has issued a paper via The Urban Institute detailing how Ginnie Mae could be utilized to support the nation’s housing system through the financing of independent mortgage banks. Click through to read Tozer’s entire proposal.
Read More »HUD Awards $1.4M for Disaster Recovery Research
Under the Fiscal Year Notice of Funding Opportunity, HUD has pledged $1.4 million to The Urban Institute and Horne, LLP to assist low-income renters and communities impacted by disasters.
Read More »Freddie Mac CRT Produces Record First Half of Year
Freddie Mac’s Single-Family business announced that its Credit Risk Transfer (CRT) program reported Q2 2022 CRT issuance of approximately $6.5 billion, protecting approximately $151 billion in unpaid principal balance (UPB) of single-family mortgages. The final total was a record for a second ...
Read More »Risky Business? New Loan Mods Re-default at Higher Rates
Analysts found that loans modified after 2014 have higher re-default rates—what’s behind the increase?
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