New York Times, Mar. 17, 2020–Emily Flitter, Matthew GoldsteinA broad group of bankers and other mortgage industry participants is working on a plan to offer a temporary pause in payments …
Category: Top National News
Coronavirus Testing Loan Servicers’ Mettle
American Banker, Mar. 17, 2020–Kevin Wack (subscription)The pandemic has upended staffing plans, sparked concerns about servicers’ capacity to handle the expected crush of missed payments, and even raised questions about …
HUD Criticized by 22 Attorneys General for Fair Housing Rules Rollback
National Mortgage Professional, Mar. 16, 2020California Attorney General Xavier Becerra and New York Attorney General Letitia James led a coalition of 22 attorneys general in filing a comment letter slamming …
Bank Regulators are Open for Business, But Not Business as Usual
American Banker, Mar. 16, 2020–Brendan Pedersen, Hannah Lang, Kate Berry (subscription)As everyday life grinds to a halt in response to the coronavirus outbreak, add the bank regulatory agencies to entities …
Mortgage Relief Options Are Available To Homeowners Affected By Coronavirus Safety Measures
Forbes, Mar. 13, 2020–Brenda RichardsonHomeowners who are facing a temporary hardship due to the coronavirus and heightened safety measures such as businesses shutting down have options to postpone mortgage payments, …
With Mortgage Rates at Record Lows, Banks and Brokers Scramble to Deal with Refinancing Rush
NBC News, Mar. 13, 2020–Leticia Miranda“Since last summer the refinance volume has been strong,” said Mike Fratantoni, chief economist with the Mortgage Bankers Association. “It was more of a low …
Calls Mount for U.S. to Halt Foreclosures, Evictions Amid Health Crisis
National Mortgage News, Mar. 15, 2020–Hannah Lang (subscription)As the novel coronavirus hammers the global economy, lawmakers and housing advocates are calling for a national moratorium on evictions and foreclosures while …
Mnuchin Says U.S. Businesses Will Have Access to Liquidity
Wall Street Journal, Mar. 13, 2020–Kate Davidson (subscription)Treasury Secretary Steven Mnuchin said U.S. officials are committed to ensuring that financial firms and businesses facing disruptions related to the coronavirus have …
Mortgage Relief Options Are Available To Homeowners Affected By Coronavirus Safety Measures
Forbes, Mar. 13, 2020–Brenda RichardsonHomeowners who are facing a temporary hardship due to the coronavirus and heightened safety measures such as businesses shutting down have options to postpone mortgage payments, …
The Refi Boom Is Rattling Mortgage-Bond Investors
Wall Street Journal, Mar. 13, 2020–Ben Eisen (subscription)Investors have been dumping mortgage bonds at a rapid clip, as interest rates plunge on concerns about the coronavirus pandemic and spur a …