Here Is Why the Housing Market Is Booming—Despite a Global Pandemic
The housing market has been a relative bright spot in an otherwise highly disrupted economy.
Browsing: Forbearance
ABA Joins Housing, Civil Rights Groups Calling for Homeowner Aid
The American Bankers Association yesterday joined a broad coalition of housing and civil rights organizations in a letter urging lawmakers to include $25 billion in direct assistance to struggling homeowners in the next COVID-19 relief bill.
Top Bank Risks for 2021
A global pandemic, a struggling economy and a new administration throw wrenches into risk managers plans for the year ahead.
Opening the Post-COVID Bank Books
Banks moved heaven and earth to help clients through COVID-19. While examiners are stepping cautiously in exams, bankers must prepare for more probing questions.
ABA, Industry Groups Launch Awareness Campaign for Struggling Mortgage Borrowers
With some Americans experiencing difficulties paying their mortgage due to COVID-19, the American Bankers Association yesterday joined a broad coalition of mortgage industry stakeholders and consumer groups to launch a new national campaign to help raise awareness about consumers’ forbearance options.
Fed Survey: Loan Demand, Standards Begin to Stabilize
Loan demand and standards for lending began to stabilize in the third quarter after demand weakened and standards tightened during the economic freefall of the second quarter.
Mortgage Servicing in the Age of COVID-19: Post-Forbearance
What happens when borrowers transition out of coronavirus-related mortgage forbearance and into other forms of loss mitigation assistance?
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.
Mortgage Forbearance in the Age of COVID-19
COVID-19 forbearance programs—and the rules, regulations and requirements that govern them—present a host of new and unique compliance challenges for mortgage servicers.