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The Federal Housing Administration's move to insure loans with forbearance could help support homeownership opportunities constrained by the coronavirus if one change was made to it, trade groups said.
June 10 -
The FHFA’s proposal is intended to strengthen Fannie Mae and Freddie Mac, but many experts warn that it could boost guarantee fees for lenders that they say may be passed on to borrowers.
June 8 -
About 9% of government-insured loans in forbearance have low equity, which could hamper post-forbearance servicing.
June 8 -
But there was an increase in private-label mortgages in forbearance.
June 5 -
One criticism of the CARES Act is that it provides relief only to borrowers with government-backed loans. Bills in New York and California would cover the remaining 30% of homeowners.
June 4 -
The new FHFA rule sets a percentage-based threshold to measure compliance, rather than Home Mortgage Disclosure Act data.
June 3 -
The FHFA looks to shed light on the amount of funds Fannie and Freddie will need to hold for their risk-sharing deals.
June 3 -
The firm also predicts that the coronavirus pandemic will delay the GSEs' release from government control.
June 3 -
With no way of knowing just how many borrowers will need the mods after the coronavirus forbearance period ends, lenders are deploying artificial intelligence and servicing protocols to tame the ferocious piles of paperwork awaiting them.
June 2 -
Steps have been taken to manage coronavirus-related liquidity risks to the housing finance system, but some remain, according to Mortgage Bankers Association President and CEO Robert Broeksmit.
June 1