The Federal Housing Finance Agency yesterday said Fannie Mae and Freddie Mac will employ a new payment deferral option allowing borrowers in COVID-19 related forbearance, who are able to return to making their normal monthly mortgage payment, the ability to repay their missed payments at the time the home is sold, refinanced, or at maturity.
Tag: Robert Broeksmit CMB
Senate Approves Montgomery HUD Nomination; Dana Wade FHA Nomination Next Up
It seemed like it took forever—and in political terms, seven months feels like forever—but Brian Montgomery is finally, officially, HUD Deputy Secretary.
Senate Approves Montgomery HUD Nomination; Dana Wade FHA Nomination on Tap Today
It seemed like it took forever—and in political terms, seven months feels like forever—but Brian Montgomery is finally, officially, HUD Deputy Secretary.
MBA Urges Senate Committee Approval of Dana Wade as FHA Commissioner
The Mortgage Bankers Association, in a May 4 letter to Senate Banking Committee leadership, urged approval of Dana Wade’s nomination as FHA Commissioner.
To the Point with Bob: Repayment Options Are Crucial to Forbearance Strategy
In his latest blog, Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, discusses the importance of repayment options as lenders and consumers work together on forbearance strategies.
CFPB Issues Final Rule Raising HMDA Data Reporting Thresholds
The Consumer Financial Protection Bureau yesterday issued a final rule raising loan-volume coverage thresholds for financial institutions reporting data under the Home Mortgage Reporting Act.
CFPB Issues Final Rule Raising HMDA Data Reporting Thresholds
The Consumer Financial Protection Bureau this morning issued a final rule raising loan-volume coverage thresholds for financial institutions reporting data under the Home Mortgage Reporting Act.
Groundswell of Support Builds for Federal Liquidity Facility
Pete Mills, MBA Senior Vice President of Residential Policy and Member Engagement, said the groundswell is sending a strong message to regulators.
Groundswell of Support Builds for Federal Liquidity Facility
Last week, the Mortgage Bankers Association made headlines—not just in MBA NewsLink but across the news spectrum—when it reacted strongly to Federal Housing Finance Agency Director Mark Calabria’s indifference to the need for a federally based liquidity facility for mortgage servicers resulting from economic fallout from the coronavirus pandemic.
Groundswell of Support Builds for Federal Liquidity Facility
Last week, the Mortgage Bankers Association made headlines—not just in MBA NewsLink but across the news spectrum—when it reacted strongly to Federal Housing Finance Agency Director Mark Calabria’s indifference to the need for a federally based liquidity facility for mortgage servicers resulting from economic fallout from the coronavirus pandemic. Now, momentum in Washington is building.