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Forbearance Penalties Are Making Things Harder for Low-FICO, First-time Borrowers; Rates Struggling to Break The Next Floor

The Urban Institute (UI) is speculating that a new penalty imposed on loan originators and arising out of the COVID-19 forbearance plans is beginning to significantly tighten the credit box. A paper written by analysts Laurie Goodman and Michael Neal says that mortgages are considerably more difficult to get than they were four months ago, and this is disproportionally affecting …

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How Servicers are Handling Remote Working

COVID-19 caused a dramatic reevaluation of working arrangements, management techniques, and other facets of day-to-day work. This story originally appeared in the July edition of DS News. The post How Servicers are Handling Remote Working appeared first on DSNews.

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Financial Services Committee Discusses HEROES Act

The bill, which includes nearly $2 billion in assistance for renters and homeowners, was approved by the House of Representatives two months ago. However, what led to a committee member calling the meeting a “waste of time.” The post Financial Services Committee Discusses HEROES Act appeared first on DSNews.

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