CEO Q&A: Healing ‘Pain Points’ for Family Businesses
A conversation with Wendy Cai-Lee of de novo Piermont Bank on the unique needs of multigenerational family firms.
Browsing: Mortgage
Delinquent GSE Mortgages Rise Due to COVID-19
The number of homes backed by Fannie Mae and Freddie Mac that are 60 or more days past due jumped from 0.92% to 4.08% at the end of the second quarter, due to the COVID-19 pandemic and the forbearance programs being offered to the affected borrowers, according to the Federal Housing Finance Agency’s foreclosure prevention report released today.
FHFA Announces Additional Extension of COVID-19 Flexibilities
To continue providing support to mortgage borrowers during the coronavirus pandemic, the Federal Housing Finance Agency announced that it would again extend certain previously announced loan processing flexibilities and the purchasing of qualified loans in forbearance until Oct. 31.
OCC: Mortgage Performance Declines Amid Pandemic
The share of current and performing first-lien mortgages in the second quarter of 2020 was 91.1%, down from 96.1% a year ago, according to the Mortgage Metrics Report released by the OCC today.
ABA Backs CFPB Proposal on Escrow Requirements for HPMLs
The American Bankers Association today welcomed the Consumer Financial Protection Bureau’s proposal to exempt certain higher-priced mortgage loans from escrow requirements under Regulation Z.
FHFA Establishes GSE Strategic Goals for 2021-2024
The Federal Housing Finance Agency today issued its strategic plan for 2021-2024.
Report: Mortgage Market Strong Heading Into COVID-19 Pandemic
The mortgage market was “stable and robust” in the lead up to the coronavirus outbreak…
FHFA’s Calabria: GSEs Need a Way to Recover Costs for COVID-19 Relief Programs
Fannie Mae and Freddie Mac may be facing insolvency if they are not able to recoup some of the costs associated with their COVID-19 mortgage relief programs, Federal Housing Finance Agency Director Mark Calabria told House lawmakers today.
ABA, Trade Groups Weigh in on Proposed Changes to FHA Servicing Handbook
The American Bankers Association joined the Housing Policy Council and the Mortgage Bankers Association in a comment letter to the Department of Housing and Urban Development last week offering feedback on recent proposed changes to the servicing section of the Federal Housing Administration Single-Family Housing Policy Handbook.
HUD Issues Guidelines for Underwriting FHA Loans to Borrowers with Forbearances
The Department of Housing and Urban Development last week issued underwriting guidelines for borrowers who have been previously granted forbearance due to COVID-19 or other presidentially declared disaster.