The settlement applies to borrowers who were enrolled in interest-only loan modifications by Caliber, as well as customers who are dealing with the economic fallout of COVID-19
The Consumer Financial Protection Bureau proposed on Monday a shift from DTI ratios to a price-based approach to improve qualified mortgage access
During the week ending on June 14, mortgage loans in forbearance decreased to 8.48%, down from 8.55% the previous week, according to the MBA
The share of mortgage loans in forbearance modestly rose to 8.55 percent of servicers' portfolio volume during the week ending on June 7, up from 8.53 percent the previous week
Despite a 0.07 week-over-week increase in forbearance requests, the Mortgage Bankers Association said homeowners' financial situations are turning around
4.2 million Americans are now using forbearance programs. However, the rate at which loans are going into forbearance is slowing, suggesting conditions are stabilizing
Ohio-based loan officer Breon Price shares what your first-time buyers can do to increase their chance of approval despite tighter lending standards amid the coronavirus pandemic
The total number of mortgage loans in forbearance increased from 7.54% of servicers' portfolio volume. Ginnie Mae held the largest share of loans in forbearance
Opinion
Will the mortgage forbearance help or hurt the US housing market? Homeowners who are thinking of using the program should read the fine print
Sam Khater, the chief economist at Freddie Mac, looks at how 'filtering' impacts home prices in cities
The average rate for a 30-year, fixed-rate mortgage is at an all-time low, but it could drop further if the economy stabilizes
Homeownership rates for LGBT Americans lag behind those of the broader population. A new report suggests fears of discrimination may be contributing to that difference
In this uncertain market, demand for jumbo mortgages is declining as more homeowners seek forbearances and investors look to more secure loans during the Covid-19 crisis
The federal mortgage servicers recently joined Fannie Mae and Freddie Mac in offering alternatives to traditional appraisals and employment verifications
The federal loan servicers announced an adjustment of long-held appraisal and employment verification standards in order to help facilitate mortgages amidst the COVID-19 outbreak