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Big Numbers Still Don’t Sway DeMarco Towards Principal Reduction

While arguments continue to be made that Fannie Mae and Freddie Mac should apply principal reductions to keep underwater borrowers from going into foreclosure, Edward DeMarco, FHFA acting director,...

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SIGTARP: Hardest Hit Spent 3% of Budget, Program Lacks Participants

As of December 31, 2011, the Hardest Hit Fund (HHF), which is meant to fund innovative measures to help families through the housing crises in hardest hit states, has spent just 3 percent of its budget...

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Cuomo Urges Greater Flexibility on Payment Plans for Sandy Victims

Unless the GSEs change their restrictive guidelines, Superstorm Sandy victims could face a hefty balloon payment or a spike in their monthly mortgage payments, according to a release from Governor...

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GSEs Announce Relief to Borrowers Impacted by Oklahoma Tornado

Fannie Mae and Freddie Mac reminded servicers of mortgage relief options available to homeowners whose residences were affected by the tornado that ravaged areas in Oklahoma. The post GSEs Announce...

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CFPB Proposes Revisions to Mortgage Rules

The Consumer Financial Protection Bureau (CFPB) announced proposed revisions to its ability-to-repay rule, mortgage servicing rules, and rules regarding consumer protections. One of the clarifications...

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GSEs Update Servicing Guidelines to Prepare for CFPB Rules

As the industry prepares to comply with the January implementation of new rules from the Consumer Financial Protection Bureau (CFPB), Fannie Mae and Freddie Mac updated their servicing guides to bring...

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FHA Makes Concessions for Those Impacted by Shutdown

The Federal Housing Administration (FHA) called on all approved mortgagees and lenders to be sensitive to the financial hardships some borrowers are facing as a result of the federal government...

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North Carolina Bill Would Permit Homeowners to Exclude Forgiven Mortgage Debt...

A bill approved by a committee in the North Carolina House of Representatives would allow distressed homeowners to omit forgiven principal mortgage loan debt when reporting tax income at the end of the...

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One State Takes Mortgage Relief a Step Further

One of the states hit hardest by the foreclosure crisis is providing some relief to struggling homeowners. The post One State Takes Mortgage Relief a Step Further appeared first on DSNews.

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Borrowers Look to Borrow More Time from GSEs

More homeowners are working with the GSEs to keep their homes, but what’s driving the sudden increase in foreclosure prevention actions? The post Borrowers Look to Borrow More Time from GSEs appeared...

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North Carolina Bill Would Permit Homeowners to Exclude Forgiven Mortgage Debt...

A bill approved by a committee in the North Carolina House of Representatives would allow distressed homeowners to omit forgiven principal mortgage loan debt when reporting tax income at the end of the...

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One State Takes Mortgage Relief a Step Further

One of the states hit hardest by the foreclosure crisis is providing some relief to struggling homeowners. The post One State Takes Mortgage Relief a Step Further appeared first on DSNews.

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Preparing for the End of Forbearance

Editor's note: This piece originally appeared in the August 2020 edition of DS News, now available. It’s not too late for mortgage servicers to prepare for the next pandemic-driven event—a likely rise...

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How Many Mortgages Are Now in Forbearance?

The ongoing COVID-19 pandemic and expiration of expanded unemployment benefits continue to represent significant uncertainty for the weeks ahead, according to researchers. The post How Many Mortgages...

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A Closer Look at Latest Forbearance Report

According to recent findings posted from Black Knight’s McDash Flash Forbearance Tracker, the number of mortgages in active forbearance stayed steady this past week, neither increasing or decreasing in...

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Could Home Price Surge Lead to Another Crash?

Even in the face of a pandemic, elevated unemployment, and a general nationwide recession, home prices have surged, researchers recently reported.  “Prices are defying logic, expectations, and even...

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Forbearance Survey: Certain Borrowers ‘Disproportionately Impacted’

Fannie Mae and Freddie Mac loans in forbearance dropped while private loans and those owned by Ginnie Mae experienced an increase, according to the Mortgage Bankers Association's (MBA) latest...

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Number of Active Forbearances Experiences a Spike

According to the daily loan-level data on the Black Knight blog, the numbers of mortgages in active forbearance increased for the first time in six weeks. Those totals increased by 21,000...

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How the CFPB is Helping Homeowners Struggling with Payments

The pandemic, along with the economic downturn it has caused, leaves homeowners across the country struggling to meet their mortgage payments. This has put more pressure on the Consumer Financial...

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A Week of ‘Strong Forbearance Improvement’

After declining by 5% last week, the number of mortgage loans actively in forbearance dropped again this past week, according to Black Knight, which calls the week of November 3-10 one of "strong...

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