The Federal Housing Finance Agency said yesterday it would extend its moratorium for Fannie Mae- and Freddie Mac-based single-family mortgages until at least June 30.
Category: News and Trends
April New Home Purchase Mortgage Applications Down 25% from March; 12 Percent from Year Ago
Mortgage Bankers Association Builder Applications Survey data for April show mortgage applications for new home purchases decreased by 12 percent compared from a year ago and by 25 percent from March.
FHFA, GSEs Offer Payment Deferral as Repayment Option for COVID-19 Forbearance Plans
The Federal Housing Finance Agency yesterday said Fannie Mae and Freddie Mac will employ a new payment deferral option allowing borrowers in COVID-19 related forbearance, who are able to return to making their normal monthly mortgage payment, the ability to repay their missed payments at the time the home is sold, refinanced, or at maturity.
Paul Fischer of Paradatec on What Mortgage Servicers Can Expect in Months Ahead
Paul Fischer is Director of Professional Services with Paradatec, Cincinnati.
People in the News
Planet Home Lending LLC, Meriden, Conn., promoted Kathy Keller to SVP of Strategic Initiatives and hired Mike Eckrote as SVP of Quality Control and Christopher Joles as SVP and Enterprise Risk Officer.
MBA Premier Member Profile: Richey May
Richey May & Co., Englewood, Colo., is an accounting and business consulting firm, focused on the mortgage banking industry. Their diverse offerings include Audit, Tax, Accounting, Business Advisory and Technology Consulting. Founded in 1985, its specialized approach allows it to serve our clients at a high level, with many service leaders holding previous experience at mortgage companies.
Mark Dangelo: Innovation Thinking—Winning in an Uncertain Future
The financial services and mortgage industries have not felt the full impact and unintended consequences of COVID-19 and the governmental interventions. The result will be that innovation disruption moving forward will be not be kind, will not be benevolent, and will not be industry friendly.
FHFA, GSEs Offer Payment Deferral as Repayment Option for COVID-19 Forbearance Plans
The Federal Housing Finance Agency yesterday said Fannie Mae and Freddie Mac will employ a new payment deferral option allowing borrowers in COVID-19 related forbearance, who are able to return to making their normal monthly mortgage payment, the ability to repay their missed payments at the time the home is sold, refinanced, or at maturity.
Life Insurance Commercial Mortgage Index Drops Steeply
Trepp LLC, New York, said life insurance company mortgage returns dropped steeply during the first quarter as declining interest rates could not offset growing credit concerns.
April New Home Purchase Mortgage Applications Down 25% from March; 12 Percent from Year Ago
Mortgage Bankers Association Builder Applications Survey data for April show mortgage applications for new home purchases decreased by 12 percent compared from a year ago and by 25 percent from March.