Saturday , 31 October 2020

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Mortgage-Loan Delinquency Rates: Q2 2020 Snapshot

There was a climb of 8.22% in the delinquency rate for mortgage loans on one-to four-unit residential properties of all loans outstanding at the conclusion of the second quarter, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. Researchers say that, all things considered, delinquency has “yet to emerge as a major issue.” From … The post Mortgage-Loan Delinquency …

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Almost 3 Million Homeowners May Not Qualify for COVID Relief

The Coronavirus Aid, Relief, and Economic Security (CARES) Act offered 12 months mortgage forbearance for COVID-19-impacted borrowers with federally backed residential mortgages—that’s about 70% of all 48 million American homeowners with a mortgage. But what about the other 30%.   Karan Kaul, Senior Research Associate in the Housing Finance Policy Center at the Urban Institute, explained why it is … The post Almost 3 …

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‘Dramatic Bounce Back’ Indicated in July Housing Health Report

Despite the coronavirus pandemic, housing activity keeps advancing, researchers say. Analysts say the growth, despite COVID’s persistence, “indicates underlying consumer demand.”   According to the BuildFax Housing Health Report for July, published this week, single-family housing authorizations continue to rise substantially month over month.  In addition, they said, existing housing activity increased, suggesting a potential bounce back from April lows, adding that, “growth … The post ‘Dramatic Bounce …

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The Week Ahead: A Look at Housing Market Health

BuildFax will release its July Monthly Housing Health Report, using “U.S property condition and history data to provide insights into macro and microeconomics trends affecting the U.S. housing market.” Here’s what else is happening in The Week Ahead. The post The Week Ahead: A Look at Housing Market Health appeared first on DSNews.

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Asurity Announces Launch of RiskExec’s Proprietary Fair Servicing Module

RiskExec adds Fair Servicing into its leading reporting and analysis platform for HMDA, CRA, and Fair Lending. Loan servicing practices are becoming ever more critical in the world of COVID-19 loan forbearance and modification. To aid lenders and loan servicers in navigating these challenges, RiskExec is launching a cutting-edge compliance module dedicated to Fair Servicing … The post Asurity Announces …

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How Many Active Mortgages Are In Forbearance?

The ongoing COVID-19 pandemic and expiration of expanded unemployment benefits continue to represent significant uncertainty for the weeks ahead, according to researchers. The number of mortgages in active forbearance dropped below the 4 million mark for the first time since May, according to new data from Black Knight Inc.’s McDash Flash Forbearance Tracker. As of … The post How Many …

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State, Local Officials Receive More Fund-Spending Flexibility

A new announcement by U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson revealed an array of new flexibilities states and local government can use their Community Development Block Grant (CDBG-CV) funds, as well as other federal funds, to pay for. This specific grant, which was appropriated by the CARES Act, was specifically … The post State, Local …

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HUD Grants State, Local Officials Receive More Fund-Spending Flexibility

A new announcement by U.S. Department of Housing and Urban Development (HUD) Secretary Dr. Benjamin Carson revealed an array of new flexibilities states and local government can use their Community Development Block Grant (CDBG-CV) funds, as well as other federal funds, to pay for. This specific grant, which was appropriated by the CARES Act, was … The post HUD Grants …

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