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FHA Establishes New, Streamlined COVID-19 Recovery Loss Mitigation Options
The Federal Housing Administration on Friday published Mortgagee Letter 2021-18, COVID-19 Recovery Loss Mitigation Options. The ML outlines assistance for homeowners who have been financially impacted by the COVID-19 pandemic to remain in their homes with new, streamlined loss mitigation options.
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MBA Advocacy Update July 26 2021
On Friday, the Biden administration announced an expansion of COVID-19 mortgage loan modification options for FHA, VA and USDA borrowers who are unable to resume their mortgage payments after exiting forbearance.
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RE/MAX: June Housing ‘Step Toward a More Balanced Market’
RE/MAX, Denver, said home sales soared in June amid growing housing inventories.
Small-Cap CRE Bounces Back
Boxwood Means LLC, Stamford, Conn., said small-cap commercial real estate is coming back into balance with larger properties after pandemic-induced shocks to the U.S. economy and the CRE markets.
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MBA Chart of the Week July 23 2021: Retail Production Channel Cost to Originate
In this week’s MBA Chart of the Week, we focus on the production costs in the retail channel. The cost to originate averaged $8,243 per loan in 2020, a $453 per loan improvement over 2019.