A study by STRATMOR Group, Greenwood Village, Colo., shows just how quickly and hard-hitting the coronavirus pandemic has been on homeowners.
Category: News and Trends
MBA, Trade Groups Ask SEC to Amend Reg AB II Disclosure Requirements
The Mortgage Bankers Association and other industry trade groups sent a letter last week to the Securities and Exchange Commission, asking it to consider amendments to Reg AB II disclosure requirements that will help to restore the registered segment of the private-label securities market.
FHFA Announces Refi/Home Purchase Eligibility for GSE Borrowers in Forbearance
Fannie Mae and Freddie Mac issued temporary guidance May 19 regarding the eligibility of borrowers who are in forbearance, or have recently ended their forbearance, looking to refinance or buy a new home.
‘MBA Is Meeting this Crisis Head-On’
WASHINGTON, D.C.—“These are no normal times.” With those words, Mortgage Bankers Association Robert Broeksmit, CMB, not only described the past few months, but also set the tone for the future of the real estate finance industry and life in general.
House Passes $3 Trillion COVID-19 Relief Package; MBA Letter Details Industry Priorities
The House on Friday passed a massive $3 trillion pandemic relief bill on Friday that includes several key housing provisions advocated by the Mortgage Bankers Association.
Fannie Mae, Freddie Mac Issue Request for Proposals to Hire Financial Advisor
Fannie Mae, Washington, D.C., and Freddie Mac, McLean, Va., announced yesterday they will issue requests for proposals to hire an underwriting financial advisor to assist in developing and implementing a plan for recapitalizing and “responsibly ending” their conservatorship.
MBA: Share of Mortgage Loans in Forbearance Increases to 8.16%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed mortgage loans now in forbearance increased to 8.16% of servicers’ portfolio volume in as of May 10, up from 7.91% the previous week.
MBA Outlines Industry Priorities for Next COVID-19 Relief Package
The House has its wish-list for the next round of relief stemming from the coronavirus pandemic—a $3 trillion package that has no chance of passing into law. The Senate is working on its own version—which also has no chance of passing. To help Congress out, the Mortgage Bankers Association provided House and Senate leadership with its legislative priorities for the next relief package.
Neal Doherty: A Lender’s Guide to PPP Loan Forgiveness Timeline
A key provision of the CARES ACT is the Paycheck Protection Program (PPP), which authorizes small businesses to apply for loans guaranteed by the Small Business Administration. PPP loans can be forgiven, either in whole or part, under certain conditions. This article is intended as an overview of key steps in submitting and obtaining PPP loan forgiveness.
FHFA, FHA Extend Foreclosure/Eviction Moratorium to June 30
The Federal Housing Finance Agency and FHA said Thursday they would extend moratoria for Fannie Mae-, Freddie Mac- and FHA-based single-family mortgages until at least June 30.