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Virus scare creates perfect storm for mortgage lenders

National Mortgage
Mortgage Finance
7 years ago

By Kate Berry and Allissa KlineThe coronavirus outbreak has belted mortgage lenders with a ripple effect the size of a,.. Read More;

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Why servicers may need a loss mit standard that goes beyond HAMP

National Mortgage
Mortgage Finance
7 years ago

As a wave of distressed mortgages looms due to the spread of the coronavirus, a call for a loss mitigation,.. Read More;

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U.S. homes overvalued in 4Q, but virus could reverse that: Fitch

National Mortgage
Mortgage Finance
7 years ago

The fallout from the coronavirus could turn a situation in the U.S. where homes were overvalued prior to the crisis,.. Read More;

post

Bank Base Rate cut to 0.1%

Mortgage Finance Gazette
Mortgage Finance
7 years ago

At a special meeting today the Bank’s Monetary Policy Committee voted unanimously to cut Bank rate and increase its holdings,.. Read More;

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Slide the paperwork under the door: Mortgage boom is upended

National Mortgage
Mortgage Finance
7 years ago

It has all the trappings of a routine mortgage refinance closing. The mortgage broker, the lawyer and the homeowner, all,.. Read More;

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Relief for underwater homeowners will be different this time, lenders say

National Mortgage
Mortgage Finance
7 years ago

The mortgage industry is insisting that this time will be different.Borrowers who can’t afford their monthly payments as a result,.. Read More;

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Long-term crisis could put GSEs on unsteady ground, FHFA chief says

National Mortgage
Mortgage Finance
7 years ago

WASHINGTON — Federal Housing Finance Agency Director Mark Calabria said Thursday that if the economic fallout from the coronavirus lasts,.. Read More;

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Fitch mulls downgrades for 15 hotel/resort CMBS deals due to coronavirus impact

National Mortgage
Mortgage Finance
7 years ago

Fitch has placed $7.76 billion of hotel-backed commercial mortgage securitizations on watch for potential bond downgrades, due to an expected,.. Read More;

post

Fannie and Freddie announce borrower assistance plans during outbreak

National Mortgage
Mortgage Finance
7 years ago

As financial hardships mount with the COVID-19 outbreak, Fannie Mae and Freddie Mac released their plans for mortgage borrowers impacted,.. Read More;

post

Government bans evictions and announces additional protection for renters

Mortgage Finance Gazette
Mortgage Finance
7 years ago

Emergency legislation will be taken forward as an urgent priority so that landlords will not be able to start proceedings,.. Read More;

post

Getting ahead of the COVID-19 crisis

National Mortgage
Mortgage Finance
7 years ago

Over the past several weeks, the mortgage industry has been shocked by the COVID-19 virus from China and a severe,.. Read More;

post

Kansas governor bans evictions, foreclosures until May 1

National Mortgage
Mortgage Finance
7 years ago

Kansas Gov. Laura Kelly on Wednesday announced she was banning evictions and foreclosures for the next six weeks, adding to,.. Read More;

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