Housing Finance

VA Updates Lender, Valuation Guidance for Borrowers Affected by COVID-19

Filed in Disaster Response, Housing Finance by on March 27, 2020 0 Comments
VA Updates Lender, Valuation Guidance for Borrowers Affected by COVID-19

The U.S. Department of Veterans Affairs today issued a circular that provides guidance for VA home loan borrowers affected by COVID-19 and describes temporary measures regarding loan origination, closing and guaranty. The agency also issued a separate notice regarding valuation practices during the pandemic.

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CFPB Provides Flexibility During COVID-19 Pandemic

Filed in Codes and Regulations, Housing Finance by on March 26, 2020 0 Comments
CFPB Provides Flexibility During COVID-19 Pandemic

The Consumer Financial Protection Bureau (CFPB) today announced that it is providing needed flexibility to enable financial companies to work with customers in need as they respond to the COVID-19 pandemic.

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Multifamily Owners, Renters to Receive FHFA Support

Multifamily Owners, Renters to Receive FHFA Support

The Federal Housing Finance Agency announced today that Fannie Mae and Freddie Mac will offer multifamily property owners mortgage forbearance with the condition that they suspend all evictions for renters unable to pay rent due to the impact of coronavirus. 

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FHFA Acts to Boost Liquidity and Facilitate Transactions in Mortgage Market

Filed in Housing Finance by on March 23, 2020 0 Comments
FHFA Acts to Boost Liquidity and Facilitate Transactions in Mortgage Market

The Federal Housing Finance Agency (FHFA) today authorized Fannie Mae and Freddie Mac to enter into additional dollar roll transactions to boost liquidity in the mortgage market. Dollar roll transactions provide mortgage-backed securities investors with short-term financing of their positions, providing liquidity to these investors.

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Federal Regulators Urge Banks to Work with Borrowers Affected by COVID-19

Federal Regulators Urge Banks to Work with Borrowers Affected by COVID-19

Federal regulators urged banks and other institutions today to work with borrowers affected by COVID-19, stating that loan modification programs “are positive actions that can mitigate adverse affects on borrowers due to COVID-19.”

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HUD, Fannie Mae and Freddie Mac Suspend Foreclosures and Evictions

Filed in Housing Finance, Labor, Safety and Health by on March 18, 2020 0 Comments
HUD, Fannie Mae and Freddie Mac Suspend Foreclosures and Evictions

President Trump announced today that he has directed the Department of Housing and Urban Development to suspend foreclosures and evictions for mortgages insured by the Federal Housing Administration through the end of April. Fannie Mae and Freddie Mac will also follow suit and suspend foreclosures and evictions for at least 60 days.

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Fed Cuts Interest Rates to Zero

Filed in Economics, Housing Finance, Uncategorized by on March 15, 2020 0 Comments
Fed Cuts Interest Rates to Zero

The Federal Reserve on Sunday evening slashed interest rates to zero in a dramatic move to boost the economy and keep borrowing costs as low as possible for consumers and businesses in the wake of the coronavirus crisis.

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Global Housing Finance Focus of International Housing Association Report

Filed in Global Housing, Housing Finance by on February 5, 2020 0 Comments
Global Housing Finance Focus of International Housing Association Report

The International Housing Association (IHA) released a report outlining the similarities and differences that the housing industry and home buyers encounter with housing finance in different corners around the world.

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FDIC and OCC Propose to Modernize Community Reinvestment Act Regulations

Filed in Codes and Regulations, Housing Finance by on December 16, 2019 0 Comments
FDIC and OCC Propose to Modernize Community Reinvestment Act Regulations

On Dec. 12, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency announced a proposal to modernize the agencies’ regulations under the Community Reinvestment Act that have not been substantively updated for nearly 25 years.

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FHA Loan Limits to Rise in 2020

Filed in Housing Finance by on December 4, 2019 2 Comments
FHA Loan Limits to Rise in 2020

The Federal Housing Administration (FHA) has announced its loan limits for 2020. The nationwide rise in median home prices indicates most buyers across the country will see increases.

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