FHFA director: Approximately 700,000 mortgage loans could need forbearance
Federal Housing Finance Agency director Mark Calabria joins CNBC's "Squawk on the Street" to discuss the influx of calls lenders are seeing as homeowners ask for forbearance......»»
Coronavirus: Homeowners in mortgage forbearance rise, but pace slows
CNBC's Diana Olick reports the latest information on the number of mortgage loans in forbearance amid the coronavirus pandemic......»»
Homeowners are increasingly delaying mortgage payments
About 7.3% of U.S. mortgages entered forbearance plans in April, providing temporary relief to more than 3.8 million borrowers who have lost income during the coronavirus pandemic. The loans have... To view the full story, click the title link......»»
How Will Mortgage Forbearance Affect Fannie Mae Stock?
Fannie Mae and Freddie Mac have been approved to purchase some single-family home loans in forbearance. This may help maintain liquidity in the nation's mortgage market......»»
Mortgage bailout balloons by half a million more loans in one week
As the economic shutdown drags on and job losses mount, more borrowers are opting to delay their monthly mortgage payments through mortgage forbearance plans......»»
Mortgage bailout balloons by half a million more loans in one week
As the economic shutdown drags on and job losses mount, more borrowers are opting to delay their monthly mortgage payments through mortgage forbearance plans......»»
Fannie and Freddie will start buying riskier mortgage loans to ease rising housing-market stress
Lucas Jackson/Reuters Fannie Mae and Freddie Mac will begin buying home loans in forbearance to ease lending stresses in the mortgage market, the Federal Housing Finance Agency announced Wednesday. The government-sponsored enterpri.....»»
Fannie and Freddie will now buy loans in mortgage bailout program, in a bid to loosen lending
The Federal Housing Finance Agency, regulator of Fannie Mae and Freddie Mac, announced that the two mortgage giants will now buy home loans that go into the government's forbearance program just after they close......»»
New MBA survey: Nearly 6% of home loans are in forbearance
Robert Broeksmit, president and CEO of the Mortgage Bankers Association, joins "Squawk Alley" to break down new data from the organization......»»
More homeowners skip mortgage payments with jobs vanishing
More and more U.S. homeowners aren’t paying their mortgages. Nearly 3 million U.S. home loans are in forbearance plans that allow delayed payments without penalty, according to a report by Black... To view the full story, click the title link......»»
Homeowners seeking mortgage relief
Almost 4% of mortgage borrowers have stopped making their payments as the coronavirus pandemic puts millions of U.S. homeowners out of work. The share of loans in forbearance jumped to 3.74% during... To view the full story, click the title link......»»
Number of mortgage loans in forbearance jumps, MBA says
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Borrowers need to reach out to lenders if they expect to experience a hardship: FHFA director
Mark Calabria, FHFA director, speaks with CNBC's Diana Olick to discuss the mortgage industry's response to the coronavirus outbreak......»»
Senate advances nomination of Calabria to lead the FHFA
The Senate on Thursday advanced the nomination of Mark Calabria to be director of the Federal Housing Finance Agency by a 53 to 46 party line, setting up a confirmation vote as early as Thursday afternoon. The FHFA regulates mortgage giants Fannie Mae .....»»
Real estate expert explains how housing problems are getting worse
Madison Ventures+ managing director Mitch Roschelle sees no signs of mortgage rates dropping as he urges homebuyers to change perspective on how to buy......»»
Building your dream house or renovating? What to know about construction loans.
Unlike a traditional mortgage loan, construction loans do not include any principal payments, and you will only have to pay closing costs once......»»
List: Top residential mortgage lenders in the Cleveland area
Lenders provided billions of dollars in residential mortgage loans in the Cleveland area last year, with Ohio-based companies beating out larger national banks in providing the most mortgage loans. Huntington National Bank (Nasdaq: HBAN) origina.....»»
Quicken Loans to change name to Rocket Mortgage
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Breaking Down Barriers on the Path to the American Dream
In this exclusive interview, Rocket Mortgage® Director of Digital Product Marketing Christina Grell discusses how she and her team are working to understand the needs of their audience.....»»
: Complaints about mortgage servicers are soaring as millions of Americans still can’t make their monthly payments
A year into the pandemic, some homeowners say loan servicers aren't giving them clear information about mortgage forbearance......»»
Borrowers with not-so-perfect credit may be eligible for FHA home loans
TOWN SQUARE | Every mortgage loan choice should be made on an individualized basis that takes into consideration the borrowers’ entire financial plan......»»