Saturday , 23 January 2021

Forbearance

Chetan Patel: Navigating the Coming Loss Mitigation Wave

PERSON OF THE WEEK: As the first rounds of forbearance periods come to an end, servicers will be met with rising numbers of borrowers who are still suffering financially and trying to determine what their options are – or perhaps not trying at all, in the case of borrowers who may be ghosting their servicers by not making payments without …

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A Week of ‘Strong Forbearance Improvement’

After declining by 5% last week, the number of mortgage loans actively in forbearance dropped again this past week, according to Black Knight, which calls the week of November 3-10 one of “strong forbearance improvement.” “The decline was seen across investor classes and was largely due to the bulk of remaining October expirations being addressed … The post A Week …

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How the CFPB is Helping Homeowners Struggling with Payments

The pandemic, along with the economic downturn it has caused, leaves homeowners across the country struggling to meet their mortgage payments. This has put more pressure on the Consumer Financial Protection Bureau (CFPB) to find ways of helping homeowners who have been impacted by COVID-19. At this year’s MBA Convention and Expo, Kathy Kraninger, director … The post How the …

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Forbearance Survey: Certain Borrowers ‘Disproportionately Impacted’

Fannie Mae and Freddie Mac loans in forbearance dropped while private loans and those owned by Ginnie Mae experienced an increase, according to the Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey. The total number of loans now in forbearance remained unchanged relative to the prior week at 7.20% as of August 23. … The post Forbearance Survey: …

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Could Housing Market Be ‘Too Hot’?

Even in the face of a pandemic, elevated unemployment, and a general nationwide recession, home prices have surged, researchers recently reported.  “Prices are defying logic, expectations, and even belief, as they shoot up to record highs amid an unprecedented health and economic crisis,” reports Realtor.com, which goes on to weigh the questions: “Are some markets getting too hot? Could a significant correction … The post Could Housing …

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Amount Of Loans In Forbearance Flatlines

According to recent findings posted from Black Knight’s McDash Flash Forbearance Tracker, the number of mortgages in active forbearance stayed steady this past week, neither increasing or decreasing in any great way. Specific details released by Black Knight reveals a 15,000 reduction among GSE mortgages offset by a 5,000 rise in FHA forbearances and a … The post Amount Of …

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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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