Industry Briefs June 16, 2020

To help limited English proficiency borrowers who are experiencing mortgage-related difficulties due to the coronavirus national emergency, the Federal Housing Finance Agency added new translations to the Mortgage Translations website. Site visitors can now choose English, Spanish, traditional Chinese, Vietnamese, Korean, or Tagalog when accessing scripts that servicers use when discussing COVID-19 forbearance with borrowers.

Industry Briefs June 3, 2020

The Federal Housing Finance Agency released its latest report on the sale of non-performing loans by Fannie Mae and Freddie Mac. The report shows that, through December 31, 2019, the Enterprises sold 126,757 NPLs with a total unpaid principal balance of $23.8 billion.

Home Prices Rising Despite Coronavirus

Several reports this week suggest despite the crippling effect the coronavirus has had on the spring housing market, home prices continue to increase.

Industry Briefs

The Consumer Financial Protection Bureau issued a Supplemental Notice of Proposed Rulemaking regarding collection of time-barred debt.

MBA Opens Doors Foundation Announces 2019 Award Winners

AUSTIN, TEXAS–The MBA Opens Doors Foundation announced its 2019 annual awards, which recognize those who have made lasting contributions to advance the Foundation’s mission of providing mortgage and rental assistance grants to parents and guardians caring for critically ill or injured children.