FHFA: Fannie Mae, Freddie Mac to Use 4-Month Advance Limit for Loans in Forbearance
The Federal Housing Finance Agency yesterday said it aligned Fannie Mae and Freddie Mac policies regarding servicer obligations to advance scheduled monthly principal and interest payments for single-family mortgage loans.
Mortgage Applications Dip in MBA Weekly Survey
Mortgage applications fell slightly from one week earlier despite interest rates holding at record lows, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending April 17.
MISMO Announces Certification Program for Remote Online Notarization
MISMO®, the mortgage industry's standards organization, announced a new Remote Online Notarization certification program for RON providers and mortgage industry participants.
March Existing Home Sales Fall—But Worst Is Yet to Come
After a promising start to the spring home-buying season, existing home sales tumbled in March to a nearly five-year low, the National Association of Realtors reported yesterday—and because of the coronavirus pandemic, the outlook for April isn’t any better.