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The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have made arrangements to share information during the COVID-19 national emergency. CFPB is a big portal for and repository of consumer complaints about providers of financial services and has agreed to make that information as it relates to mortgage servicers along with appropriate analytical tools to FHFA available. In turn, the conservator and regulator of the GSEs Fannie Mae and Freddie Mac will provide information to the Bureau about forbearances, modifications and other loss mitigation initiatives undertaken by servicers of GSE loans. The GSEs have instructed servicers to enter into forbearance agreements with borrower encountering financial hardship due to the pandemic. These agreements allow
Housing News
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The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have made arrangements to share information during the COVID-19 national emergency. CFPB is a big portal for and repository of consumer complaints about pro... (read more)
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Housing News
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The National Association of Home Builders (NAHB) said its Housing Market Index (HMI), which it sponsors jointly with Wells Fargo, suffered the largest monthly change in its more than 30-year history this month , plunging 42 points from March to a 30 ... (read more)
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Housing News
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Even though many were probably doing it on their phone or tablet while sitting at their kitchen tables, Americans were busy submitting applications to refinance their home last week. The Mortgage Bankers Association (MBA) said that its Market Composi... (read more)
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Rob Chrisman
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While in captivity sometimes it is difficult social distancing . Working from home, and having video meetings, takes some getting used to. I was telling my cat Myrtle about a service that inserts a goat or llama into your Zoom call for $100 . As I wa... (read more)
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Mortgage Rate Watch
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Mortgage rates were moderately to significantly higher today depending on the lender, the program, and on one's own definition of words like "moderate" and "significant." If you're well aware of the recently extreme level of variability between lende... (read more)
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MBS Commentary
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There's no question that financial markets have done a great deal to price-in the anticipated economic impact of coronavirus, but have they done enough? And will it be the simple release of new econ data that provides clarity? Today may b... (read more)
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