The American Rescue Plan provides $10 billion to help consumers catch up on mortgage payments or pay other housing-related costs. However, how the money is allocated will depend on states.

According to Black Knight, an uptick in forbearance requests has pushed the total number of borrowers in relief back above the 2.7 million mark.

A coalition of more than two dozen industry groups sent a letter to the VA urging the government insurer to make changes to its proposed partial claim payment program.

The forbearance reading for portfolio loans and private label securities worsened, increasing by 26 basis points to 8.94% as of Jan. 17.

Two brokers-turned-whistleblowers appealed a summary judgment granted in favor of Mortgage Investors Corp. in an IRRRL-related lawsuit.

A sign of trouble ahead: December job losses, mainly in the leisure and hospitality sector.

When it comes to early buyouts, most of the action, to date, has centered on FHA product.

It’s no secret that early buyouts of delinquent FHA and VA loans are rising. Ginnie Mae, as might be expected, is keeping a close watch. (Includes data chart.)

McDonough will head the second largest federal agency, with more than 400,000 employees and a $200 billion budget.

Mike Fratantoni, MBA chief economist, said the job market data continue to indicate that homeowners are experiencing severe hardships due to the pandemic.