Lenders can begin reviewing borrowers for loss-mitigation options at any point prior to completion or expiration of their pandemic-related forbearance period.
In what may be an apples-to-orange comparison, it looks like the homeowners impacted by the COVID crisis were better off than those impacted during the Great Recession.
The Homebuyers Assistance Act of 2021 amends the National Housing Act to allow state-licensed professionals to conduct appraisals for FHA-insured properties.
Two separate bills aim to improve the mortgage process for borrowers who have a limited proficiency of English and to combat discrimination in the consumer marketplace.
Gate House Strategies, which features former FHA Commissioner Brian Montgomery as one of its founding members, will focus on FHA/Ginnie Mae/HUD and Fannie Mae/Freddie Mac policy issues. The Collingwood Group V2?
The Housing Financial Literacy Act and the Improving FHA Support for Small Dollar Mortgages Act are both aimed at making homeownership more affordable for borrowers.
The share of residential mortgages in forbearance decreased for the ninth straight week to 4.47%. Overall, 2.23 million homeowners remain in forbearance, according to the Mortgage Bankers Association.
The new HUD secretary said real estate agents also are complicit in creating the homeownership gap by undervaluing properties and not providing buyers the relevant information.
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