As governors and municipal officials make decisions on reopening local economies in the wake of the coronavirus pandemic, Acting Comptroller of the Currency Brian Brooks warned them about the long-term risks of so-called lockdown orders on the financial system.
Freddie Mac today issued a bulletin providing temporary guidance for underwriting mortgage borrowers whose income is derived from self-employment during the coronavirus pandemic.
Fannie Mae and Freddie Mac today released a Libor Transition Playbook to help mortgage industry stakeholders prepare for the transition from the London Interbank Offered Rate—which is not guaranteed to be available after 2021—to alternative reference rates.
In a highly anticipated move today, the Federal Housing Finance Agency re-proposed a 2018 proposal to establish a new regulatory capital framework for Fannie Mae and Freddie Mac, charting a clear path for the GSEs to exit conservatorship.
Fannie Mae and Freddie Mac have issued temporary guidance clarifying the ability of borrowers with loans in forbearance to refinance or purchase a new home, the Federal Housing Finance Agency announced today.
A new bill introduced in the California state legislature could limit the ability of lenders to offer flexibility to consumers who are experiencing financial hardships due to the COVID-19 pandemic, ABA and six other housing and finance groups warned in a letter this weekend.
The Federal Housing Finance Agency announced today that it would extend—until at least June 30—a moratorium on foreclosures and evictions for single-family mortgages backed by Fannie Mae or Freddie Mac.
The Federal Housing Finance Agency announced today that Fannie Mae and Freddie Mac are offering a new COVID-19 payment deferral option, beginning July 1, for mortgage borrowers facing financial hardship due to the coronavirus pandemic.
Outstanding household debt increased by 1.1% in the first quarter of 2020, rising by $155 billion to land at $14.3 trillion, the Federal Reserve Bank of New York reported today.
As part of its ongoing effort to provide relief to mortgage borrowers during the coronavirus pandemic, the Federal Housing Finance Agency today announced that it would extend until at least June 30 several previously announced loan origination flexibilities for customers of Fannie Mae and Freddie Mac.