Some good news for homeowners struggling to make ends meet thanks to COVID-19, which as the name implies has been going on for a while… Read More »You Can Now Request COVID-Related Mortgage Forbearance for Up to 18 Months
Foreclosure isn’t a good thing, but knowing more about how it works and the alternatives to it can be useful.
The CEO of a Tech-Enabled Loan Servicer Believes We Might Be on the Cusp of Another Foreclosure Crisis
The co-founder and CEO of a so-called “tech-enabled residential mortgage servicer” named Valon (formerly Peach Street) has warned we could be on the brink of… Read More »The CEO of a Tech-Enabled Loan Servicer Believes We Might Be on the Cusp of Another Foreclosure Crisis
The Department of Veterans Affairs (VA) has proposed a new loss mitigation method to help homeowners with VA loans in COVID-19 related forbearance get back… Read More »Partial Claim May Be Option for VA Borrowers Exiting COVID-19 Forbearance
While it’s still possible to request mortgage forbearance via the CARES Act if you’re having trouble making monthly payments, this option will eventually come to… Read More »What Will Happen When the CARES Act Forbearance Option Ends?
The latest Mortgage Monitor report from Black Knight reveals that many homeowners in forbearance plans are sitting on a healthy amount of home equity, meaning… Read More »Home Equity Could Prevent Flood of Forbearance-Related Foreclosures
The Federal Housing Administration (FHA) finally announced a new policy, which is temporary, to endorse mortgages where the borrower has requested or obtained COVID-19 forbearance.… Read More »FHA Will Insure Mortgages in Forbearance, With a Catch
Maybe there’s some good news out there, or maybe it’s just the calm before another storm. The mortgage forbearance rate barely budged during the week… Read More »Mortgage Forbearance Rate Only Rises 3% From a Week Ago, But Second Wave Could Be Coming
The mortgage forbearance rate increased again last week, rising to 7.91% from 7.54% a week earlier, per the Mortgage Bankers Association (MBA). That marked the… Read More »Mortgage Forbearance Rate Up Near 8%, Housing Assistance Fund Proposed
While the CARES Act has allowed millions of homeowners nationwide to put their mortgage payments on hold, doing so has left lots of questions for… Read More »Fannie Mae and Freddie Mac Agree to Buy Mortgages in Forbearance
With each week that goes by, the mortgage forbearance rate climbs to new highs thanks to the coronavirus (COVID-19). The more or less complete shutdown… Read More »Nearly 6% of Mortgages in Forbearance as FHFA Provides Relief to Loan Servicers