There’s big housing news out of the U.S. Census Bureau’s latest Household Pulse Survey released Wednesday – and it doesn’t bode well for homeowners and renters. Of adults who are not current on rent or mortgage payments, 32.1 percent say it is somewhat or very likely they will be evicted or have their loans foreclosed…
The Federal Housing Finance Agency and Federal Housing Administration announced Wednesday that they are extending the moratorium on foreclosures and evictions as the nation continues to cope with economic fallout from the COVID-19 pandemic. The ban on evictions and foreclosures will be in place until at least Aug. 31. It was set to expire on…
Renters and borrowers who face being kicked out of their homes received at least a six-week reprieve on Thursday. The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac are extending their moratorium on foreclosures and evictions until at least June 30 as homeowners and renters struggle with the coronavirus pandemic. The foreclosure…
MBS Highway President and CEO Barry Habib presented a bleak scenario resulting from the Federal Housing Finance Agency’s announcement Tuesday that mortgage lenders will have to cover four months of missed payments from borrowers under forbearance during the coronavirus pandemic. In a Facebook Live with the Association of Independent Mortgage Experts, Habib warned that lenders may be incentivized…
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