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.
Wells Fargo Securities, Charlotte, N.C., said it expects real GDP to contract sharply in the second and third quarters due to the coronavirus pandemic, presenting a “major challenge” to commercial real estate.
Ginnie Mae, Washington, D.C., yesterday announced it approved inclusion of a servicing advance financing facility under its Acknowledgment Agreement program.