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Both Fannie Mae and Freddie Mac (the GSEs) have told their borrowers and mortgage servicers that they are offering immediate relief options to those affected by Hurricane Ida . The assistance is available to homeowners financed by either GSE whose homes or places of employment located in presidentially-declared Major Disaster Areas. These are localities where federal individual-assistance programs are available to affected individuals and households. Those areas are currently on the Gulf Coast, but it appears likely there will be flooding along Ida's path into other Southern and mid-Atlantic states. On Friday, while forecasts did not fully anticipate the storm's ultimate strength, CoreLogic, which provides data to the insurance as well as the mortgage industry, sent out the following. "CoreLogic
Housing News
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Both Fannie Mae and Freddie Mac (the GSEs) have told their borrowers and mortgage servicers that they are offering immediate relief options to those affected by Hurricane Ida . The assistance is available to homeowners financed by either GSE whose ho... (read more)
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Rob Chrisman
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The Texas Mortgage Bankers Association conference is in full swing. Folks tell me that servicing is a big topic in informal hallway discussions. MCT data indicates that lenders are selling 65 percent servicing retained, primarily to the Agencies, 35 ... (read more)
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Housing News
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While existing home sales have increased in the last two months after a four-month slump, those sales don't look especially bright as we head into the fall and winter doldrums. The National Association of Realtors® (NAR) says pending home sales d... (read more)
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