FHFA director: Approximately 700,000 mortgage loans could need forbearance

CNBC's Diana Olick reports the latest information on the number of mortgage loans in forbearance amid the coronavirus pandemic......»»

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......»»

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......»»

As the economic shutdown drags on and job losses mount, more borrowers are opting to delay their monthly mortgage payments through mortgage forbearance plans......»»

As the economic shutdown drags on and job losses mount, more borrowers are opting to delay their monthly mortgage payments through mortgage forbearance plans......»»

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.....»»

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......»»

Robert Broeksmit, president and CEO of the Mortgage Bankers Association, joins "Squawk Alley" to break down new data from the organization......»»

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......»»

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......»»

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.....»»

Mark Calabria, FHFA director, speaks with CNBC's Diana Olick to discuss the mortgage industry's response to the coronavirus outbreak......»»

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 .....»»

Beijing is removing floors on mortgage rates, offering cheaper housing loans, and reducing minimum .....»»

San Antonio residential mortgage lenders processed almost $2 billion in loans last year, with some loan officers closing almost $100 million individually......»»

Madison Ventures+ managing director Mitch Roschelle sees no signs of mortgage rates dropping as he urges homebuyers to change perspective on how to buy......»»

Unlike a traditional mortgage loan, construction loans do not include any principal payments, and you will only have to pay closing costs once......»»

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.....»»

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.....»»

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.....»»