However, several economists say mortgage rates could rise on low-income borrowers to meet requirements set forth by FHFA Director Dr. Mark A. Calabria.
Ed DeMarco, President, Housing Policy Council, recently appeared on DS5: Inside the Industry to share his thoughts on recent actions by the federal government to help both homeowners and mortgage servicers. Editor's note: This feature appeared in the May edition of DS News.
Both preparations and recovery could face complications due to the spread of the coronavirus.
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A report says the state will establish a program to assist borrowers who have been impacted by COVID-19.
The post Iowa Gov.: Foreclosure Moratoriums Will Not be Extended appeared first on DSNews.
Also in The Week Ahead are reports on construction spending and the unemployment rate, and the U.S. Senate Banking Committee will hold a hearing on updates regarding the CARES Act.
The post The Week Ahead: Will Forbearance Volumes Continue to Flatten? appeared first on DSNews.
The housing industry started the current economic downturn on much better footing than the last. Click through to read more.
At the current levels, mortgage servicers need to advance a combined $3.6 billion a month to holders of government-backed mortgage securities on COVID-19-related forbearances.
The post Mortgage Servicers to Advance $3.6B to Mortgage-Backed Securities appeared first on DSNews.
How has rental growth matched up against the rest of the housing industry?
In this episode of DS5: Inside the Industry, Ted Tozer, Senior Fellow in the Housing Finance Program with the Milken Institute, discusses the possibility of the Federal Reserve injecting funds to assist mortgage servicers.
In recent webinar, Five Star Global delivered an update on forbearances, delinquencies, and how the industry is prepping for disaster.