GSEs Issue Guidance on Refinance, Home Purchase Eligibility for Borrowers in Forbearance
Fannie Mae and Freddie Mac have issued temporary guidance clarifying the ability of borrowers with loans in forbearance to refinance...
Mortgage
Groups: Proposed CA Law Could Impair Banks’ COVID-19 Response
A new bill introduced in the California state legislature could limit the ability of lenders to offer flexibility to consumers...
FHFA Extends Foreclosure, Eviction Moratoriums for GSE-Backed Mortgages
The Federal Housing Finance Agency announced today that it would extend—until at least June 30—a moratorium on foreclosures and evictions...
GSEs to Offer New Payment Deferral Option for Mortgage Borrowers
The Federal Housing Finance Agency announced today that Fannie Mae and Freddie Mac are offering a new COVID-19 payment deferral...
Household Debt Increased Ahead of Coronavirus Outbreak
Outstanding household debt increased by 1.1% in the first quarter of 2020, rising by $155 billion to land at $14.3...
FHFA to Provide Additional Loan Origination Flexibility
As part of its ongoing effort to provide relief to mortgage borrowers during the coronavirus pandemic, the Federal Housing Finance...
Fed Survey: Coronavirus Pandemic Weakens Demand for CRE, Consumer Debt
Demand for commercial and industrial loans was mixed in the first quarter, as the COVID-19 outbreak was beginning to strike...
GSEs Create Tools to Help Renters Determine Eviction Protections
Fannie Mae and Freddie Mac today unveiled online tools that renters can use to determine if they are protected from...
CFPB Announces Relief From TRID, Reg Z Waiting Periods
The Consumer Financial Protection Bureau issued an interpretive rule yesterday clarifying that, due to the COVID-19 emergency, consumers have a...
FHFA’s Calabria Rebuts Claims about Lump Sum Payments for Borrowers Exiting Forbearance
In response to recent concerns raised about the repayment terms for mortgages backed by Fannie Mae or Freddie Mac that...
