The Mortgage Bankers Association and a half-dozen industry trade groups this week sent a letter to the White House and other government agencies discussing concerns and challenges facing homeowners in paying their mortgage due to the COVID-19 crisis.
The Mortgage Bankers Association launched a new members-only online network, MBA's COVID-19 Residential Policy Community.
The Federal Reserve Bank of New York yesterday posted a term sheet indicating servicing advances are eligible collateral for borrowing from the Term Asset-Backed Securities Loan facility, also known as TALF.
Mortgage rates fell to record lows just as Spring home shopping season began, but early signs point to a slowing market due to COVID-19 uncertainty, said Zillow, Seattle.
RCLCO Real Estate Advisors, Washington, D.C., said it's “fairly clear” the U.S. economy is headed for a recession.