BREAKING NEWS
MBA Takes Issue with FHFA Director's Comments on 'No Immediate Need' for Liquidity Facility
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The Mortgage Bankers Association called “troubling” comments by Federal Housing Finance Agency Director Mark Calabria in which he dismissed the immediate need for a federally backed liquidity facility to assist mortgage servicers with forbearance efforts resulting from the coronavirus pandemic.
New survey findings from the Mortgage Bankers Association highlight the unprecedented, widespread mortgage forbearance already requested by borrowers affected by the spread of the coronavirus (COVID-19).
Mortgage application activity took a hit last week as the housing market continued to struggle with the effects of the coronavirus pandemic, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending April 3.
Several new reports take a look at how—and where—the coronavirus pandemic could most affect U.S. housing markets. Below is a recap.
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Ginnie Mae, Washington, D.C., yesterday announced it approved inclusion of a servicing advance financing facility under its Acknowledgment Agreement program.
The $2 trillion CARES Act bill is designed in part to provide liquidity to small businesses—including hard hit hotels—who will turn to the program first to cover costs such as payroll, utilities and interest on debt payments. Commercial real estate borrowers, tenants and their employees are prime candidates to apply for the program and many of MBA’s member banks will be instrumental in getting this $350 billion of relief to small businesses and their employees in communities across the country through their SBA lending programs.
CoreLogic, Irvine, Calif., said its February Home Price Index and HPI Forecast showed home prices rose both year over year and month over month.
In this ongoing article series, we report on mortgage and credit union vendor marketplace events and trends, and we then share our viewpoints. The theme for today’s article is vendor innovations that are driving speed, quality and cost saves – a select few vendors that really don’t look much like their contemporaries.
One of the most remarkable mortgage technology developments in the past couple of years has been emergence of Remote Online Notarization as standard operating procedure. And the industry has Rick Triola to thank for that.
The spread of the coronavirus has slowed global and U.S. economic activity to a halt. Public and private measures to stem the spread of the virus have led to indefinite interruptions in many sectors of the economy, as well as future uncertainty surrounding how long this pause in the global economy will last and what the potential economic losses could be.
Black Knight, Jacksonville, Fla., released a white paper that provides an in-depth evaluation of the impact the extended disruption of the COVID-19 pandemic may have on the housing and mortgage industries.
