The HUD Office of the Inspector General issued two audit reports Thursday examining the loss mitigation options that loan servicers provided to borrowers with FHA-insured loans after their COVID-19 forbearance ended.
Tag: COVID-19
MBA Comments on HUD COVID-Related Loss Mitigation Report
The HUD Office of the Inspector General issued two audit reports Thursday examining the loss mitigation options that loan servicers provided to borrowers with FHA-insured loans after their COVID-19 forbearance ended.
Rent, Mortgage Linked to Worse Health Outcomes During Early Stages of Pandemic
Needing to make rent or mortgage payments was significantly associated with health and mental distress during the early months of the COVID-19 pandemic, the University of Michigan School of Public Health reported.
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.
Stacey Berger of Midland Loan Services on Servicing Technology
MBA NewsLink recently interviewed Stacey M. Berger, Executive Vice President of Midland Loan Services, Overland Park, Kan.
Renters Struggle as Income Stagnates, Unemployment Remains High
Renters’ median income growth stopped last year, and more than three million renters who face COVID-19 unemployment carry extreme housing cost burdens, analysts said.
Multifamily Transactions Tumble, But Capital Flows Point to Rebound
Yardi Matrix, Santa Barbara, Calif., said multifamily sales transactions fell sharply in 2020 due to the pandemic. But a rebound could be on the way.
Institutions Increase Commercial Real Estate Allocations
COVID-19 has not dampened global institutions’ confidence in commercial real estate.
Foreign Investment in U.S. Net-Lease Properties Increases Despite Travel Restrictions
CBRE, Los Angeles, said U.S. net-lease property investment rebounded during the third quarter, driven by strong interest in office assets and increasing foreign investment.
Andrew Foster: Top Five Commercial Mortgage Servicing Issues to Watch in 2021
While most will be monitoring increased infections and the progress of vaccine distribution and effectiveness, loan servicing and asset management professionals will have some additional factors impacting their organizations and books of business in the new year