The FHFA Foreclosure Suspension for Borrowers Applying for Relief through Homeowner Assistance Fund; Implications for Servicers
Pete Mills, Senior Vice President of Residential Policy and Member Services with the Mortgage Bankers Association, cautioned that the policy could have unintended consequences for mortgage servicers.
MISMO®, the real estate finance industry standards organization, issued a call for participants for a new Development Workgroup focused on exploring industry interest and demand for creating a standard for Commercial electronic promissory notes (eNotes).
Here’s a quick-hit summary of recent housing reports that came across the MBA NewsLink desk:
Initial claims for unemployment insurance fell to 166,000 last week, the lowest level since 1968, the Labor Department reported Thursday.
Mortgage credit availability fell slightly in March, the Mortgage Bankers Association reported Thursday.