Carson: FHA Will Extend Forbearance Requests Through Year-End

HUD Secretary Ben Carson yesterday announced the Federal Housing Administration will extend the date for single-family homeowners with FHA-insured mortgages to request an initial forbearance from their mortgage servicer for up to six months.

MBA Annual20 Begins This Monday

The Mortgage Bankers Association’s first-ever virtual Annual Convention & Expo is just around the corner, beginning this Monday, Oct. 19 and running through Wednesday, Oct. 21.

GSEs, FHA Extend Foreclosure/REO Eviction Moratoria

The government-sponsored enterprises and HUD yesterday announced they would extend foreclosure moratoria to all GSE-backed mortgages and FHA-backed mortgages, respectively and extend eviction moratoria through at least Dec. 31.

HUD Terminates Affirmatively Furthering Fair Housing Rule

The Trump Administration yesterday abruptly terminated the Obama-era Affirmatively Furthering Fair Housing rule, replacing it with a new rule that HUD Secretary Ben Carson said would ease burdens for local communities dealing with fair housing.

MBA Asks HUD to Withhold Publication of Final Disparate Impact Rule

The Mortgage Bankers Association last night asked HUD to withhold publication of its final disparate rule, citing “legitimate concerns” that the rule erodes protections needed to combat housing discrimination and systemic inequality.

FHA, CFPB Issue New Guidance on Forbearance

The Federal Housing Administration and the Consumer Financial Protection Bureau yesterday each announced new policies to assist mortgage borrowers impacted by the economic effects of the coronavirus pandemic.