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Freddie Mac has laid out options that borrowers who have been granted forbearance on its loans have when it comes to repayment. The company's CEO David Brickman stressed that borrowers will never be asked to repay missed payments in one lump sum. March, the company, along with the other GSE Fannie Mae, announced several actions to assist homeowners facing financial hardship due to COVID-19. These include forbearance during which a borrower's payments are reduced or suspended. While borrowers in forbearance must repay the missed payments, full repayment immediately following forbearance is just one option open to them. Brickman said, "Simply put, if you are a homeowner seeking forbearance and Freddie Mac owns your loan, you are never required to make up missed payments in a lump sum. Our policies
Housing News
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Freddie Mac has laid out options that borrowers who have been granted forbearance on its loans have when it comes to repayment. The company's CEO David Brickman stressed that borrowers will never be asked to repay missed payments in one lump sum. Mar... (read more)
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MBS Commentary
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Trillions of dollars of stimulus on the Fiscal side and many additional trillions of liquidity on the monetary side of the equation are helping stocks and bonds improve simultaneously. Granted, it's not that simple and this isn't the extent of ... (read more)
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Housing News
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Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 9.2 percent in March, up from a 5.5 percent gain in February. The portfolio balance at the end of the period was $2.368 trillion compared to $2.350 tr... (read more)
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Housing News
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In what will probably prove to be the last full month of normal home sales for a while , prices of homes accelerated significantly. The S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 4.2 percent in February compared to a year earl... (read more)
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Rob Chrisman
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Folks will sometimes ask me, “It’s a mystery: What kind of preparation do you do before writing your daily commentary?” Although no one has ever filmed me, this is a close approximation . Another mystery is how much vodka goes into ... (read more)
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Mortgage Rate Watch
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Let's get caveats out of the way upfront. No conversation about mortgage rates would be complete without a reminder that some lenders are very far removed from the averages. Moreover, even a lender is offering rates that are in line with today's aver... (read more)
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