Buzz Feed

Fannie Mae Offers Assistance to Disaster-Impacted Servicers

GSE Fannie Mae recently reminded those impacted by Hurricane Laura and the California wildfires that mortgage assistance and disaster relief options are available. Under Fannie Mae’s guidelines for single-family mortgages impacted by a natural disaster, homeowners may request mortgage assistance by contacting their mortgage servicer following a disaster. Mortgage servicers are authorized to suspend or … The post Fannie Mae …

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FHFA Extends Foreclosure, REO Eviction Moratoriums

In order to “support households impacted by COVID-19,” Fannie Mae and Freddie Mac today announced an extension of the temporary moratoria on foreclosures and evictions until December 31. The moratoria, previously set to expire August 31, is effective immediately and applies to properties with single-family mortgages backed by the GSEs. The suspension of evictions applies … The post FHFA Extends …

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Most Competitive Housing Markets

The common refrain is that competition unleashes the best in everything. Along those lines, while low rates likely will abet a number of those in the most competitive housing markets, many housing markets are teeming with as much competition as they ever have, according to LendingTree.com. Home prices, in fact, stoked by low inventory, are … The post Most Competitive …

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FHFA Announces Extension for Buying Qualified Loans in Forbearance

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend buying qualified loans in forbearance as well as several loan origination flexibilities. To support homeowners and mortgage lenders, the agency approved a continued extension of a temporary policy allowing for the purchase of certain single-family mortgages in forbearance, in … The post FHFA Announces …

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COVID-19’s Impact on Mortgage-Backed Securities

Fitch Ratings is raising concern that the government-sponsored enterprises’ (GSEs) response to the COVID-19 pandemic is having a problematic impact on their mortgage-backed securities (MBS) issuances. Fitch noted that its rating actions prior to the pandemic’s onset were mostly positive for the GSEs’ risk transfer deals. But on May 19, Fitch placed seven initial exchangeable … The post COVID-19’s Impact …

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Many Homeowners in High-Risk States “Unprepared” for Hurricane Season 

Hurricane season could produce 16 to 18 storms nationwide this year, according to the National Oceanic and Atmospheric Administration’s forecasts conducted last May.   Considering the formation of two named storms this past week, some experts believe even more could materialize. This increases risk for millions of American homeowners in storm-prone areas, especially those who are not adequately prepared for the potential … The post Many Homeowners in …

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