The Mortgage Bankers Association and a broad coalition of organizations representing financial industry and affordable housing advocates on Saturday released a statement calling on government regulators to provide a source of liquidity to those mortgage servicers that may need additional capacity to support homeowners and renters impacted by COVID-19.
Tag: Coronavirus
ATTOM: February Foreclosure Activity at Record Low
ATTOM Data Solutions, Irvine, Calif., reported 48,004 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in February, the lowest number of total foreclosure filings recorded it began tracking in April 2005.
HUD, CFPB Issue Updated Coronavirus Guidance
The Consumer Financial Protection Bureau yesterday released a policy statement clarifying responsibilities of credit reporting companies and furnishers during the COVID-19 pandemic.
Mortgage Action Alliance ‘Call to Action’ Targets States’ ‘Essential Services’ Designation
The Mortgage Action Alliance, the grassroots advocacy arm of the Mortgage Bankers Association, issued a “Call to Action” yesterday, urging its 23,000-plus members to urge state governors and officials to include government agencies and offices that support housing and mortgage transactions as “essential services” during the coronavirus pandemic.
Mortgage Applications Back Up in MBA Weekly Survey
Mortgage application activity entered March like a lamb, but, thanks to falling interest rates, came out like a lion.
Mortgage Applications Back Up in MBA Weekly Survey
Mortgage application activity entered March like a lamb, but, thanks to falling interest rates, came out like a lion.
February Pending Homes Sales Up 2.4%
Pending home sales rose for the second straight month in February—perhaps one last lagging indicator before the coronavirus fallout—the National Association of Realtors reported yesterday.
MBA, Trade Groups Petition FCC for ‘Emergency Purposes Exception’ on Mortgage Servicing Calls
The Mortgage Bankers Association joined other industry trade groups in a letter Monday to the Federal Communications Commission, arguing that mortgage servicing calls (and other financial institution notices) should be deemed emergency calls by the FCC and exempt from the Telephone Consumer Protection Act during the COVID19 emergency.
MBA Advocacy Update
MBA remains active on efforts regarding the coronavirus (COVID-19) pandemic. In this week’s communication, you will find several updates pertaining to industry efforts to provide relief to both our members and their customers.
MBA Chart of the Week: Unemployment Insurance–Initial Claims
Last week provided our first indication of just how severe the shutdown of the U.S. economy could be, as Americans combat the ongoing spread of the coronavirus.