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The government stakeholders involved in the various pandemic related forbearance programs appear to be directing their full attention to their upcoming expirations. Ginnie Mae earlier announced a new class of mortgage-based securities (MBS) to absorb loans that have been modified to return them to performing status. Now the Consumer Financial Protection Bureau (CFPB) has announced amendments to the federal mortgage servicing regulations to "help protect mortgage borrowers from unwelcome surprises as they exit forbearance." CFPB said the temporary special safeguards will help ensure borrowers sufficient time to explore their options before facing foreclosure. These options include loan modifications and selling their homes. The rules cover loans on principal residences, generally exclude small
Housing News
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The government stakeholders involved in the various pandemic related forbearance programs appear to be directing their full attention to their upcoming expirations. Ginnie Mae earlier announced a new class of mortgage-based securities (MBS) to absorb... (read more)
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Housing News
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When the S&P CoreLogic Case-Shiller and Federal Housing Finance Agency's price reports for March were released we wrote that the superlatives were getting tired. The April report has prompted Case Shiller to roll out the term "extraordinary." Whe... (read more)
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Rob Chrisman
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Say what you will about huge companies not having an impact on housing, MLOs can’t ignore the fact that they’re here. The latest example is global real estate investment and land asset management company Walton Global Holdings launching a... (read more)
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