Archives For: Featured Resources
Homeowners Leaving Forbearance Now More Likely to Need Help
More than half a million homeowners who put their loans in forbearance during the pandemic are now in active loss mitigation, a 37 percent jump from a month ago, as relief programs that allowed millions of borrowers to put their payments on hold for up to 18 months expire.
2 Nov 2021
Fannie and Freddie Loans in Forbearance Drop Below 1%
The total number of loans now in forbearance decreased by 6 basis points to 2.15% of servicers’ portfolio volume as of Oct. 24, 2021.
2 Nov 2021
FHFA Announces Three Staffing Updates
Today, the Federal Housing Finance Agency (FHFA) announced three personnel updates to its executive staff.
1 Nov 2021
HUD Allocates More than $2 Billion to Advance Equitable Disaster Recovery, Build Climate Change Resilience
The U.S. Department of Housing and Urban Development today announced the allocation of more than $2 billion ($2,040,617,000) in CDBG-Disaster Recovery and CDBG-Mitigation funds appropriated in the continuing resolution, the Extending Government Funding and Delivering Emergency Assistance Act, signed into law on September 30, 2021.
1 Nov 2021
FEMA Declared Disaster Connecticut Remnants of Hurricane Ida
FEMA issued a Major Disaster Declaration for areas of Connecticut affected by remnants of Hurricane Ida on Sept. 1-2, 2021.
30 Oct 2021
HUD Employees Receive Management Excellence Award
A group of U.S. Department of Housing and Urban Development employees on Thursday were awarded the 2021 Samuel J. Heyman Service to America Medals.
29 Oct 2021
FHFA Proposes New Disclosure Requirements for Fannie and Freddie
The Federal Housing Finance Agency is proposing public disclosure requirements for Fannie Mae and Freddie Mac that would closely align with international standards for large banks.
27 Oct 2021
New York Community says Flagstar Deal won’t Close Until 2022
New York Community Bancorp no longer expects to complete its pending bank acquisition this year. The Long Island-based company doesn’t anticipate that state and federal regulators will approve its $2.6 billion deal to buy Flagstar Bancorp in Troy, Michigan, before the end of the year.
27 Oct 2021
FHA Posts Draft HECM Program Sections of Handbook 4000.1
FHA recently posted the draft Home Equity Conversion Mortgage (HECM) Origination through Servicing sections of its Single Family Housing Policy Handbook 4000.1 (Handbook 4000.1) for stakeholder review and feedback. The draft sections are available online for industry feedback through Monday, November 15, 2021.
27 Oct 2021
The State with the Most Foreclosures
Foreclosures plagued the real estate market during the Great Recession. Home prices plunged so much in some areas that people lost all their home equity and even faced situations in which the value of their mortgages was higher than the value of their homes. Los Angeles, Phoenix and Las Vegas were hit particularly hard.
26 Oct 2021