Additional Options for Borrowers in Forbearance. Earlier this week, the Federal Housing Finance Agency announced that borrowers taking advantage of the forbearance option offered by the CARES Act will …
FHFA Relents to Help Mortgage Industry. The COVID Battle Turns A Corner. Saving The Economy Is the Next Battle Front.
The number of homeowners requesting mortgage forbearance from their loan servicers continue to grow at a massive pace. It is estimated that between three and four million homeowners have been granted …
Mortgage Industry Improves…And Gets A Bit Worse. Allow Faith to Prevail Over Fear.
On one front, the crisis as it’s been effecting the mortgage industry is abating. The mortgage-backed securities market has stabilized and at least for conforming-sized loans, interest rates are …
The Mortgage Market Improves, But the War Rages On.
The Federal Reserve’s continued buying of Mortgage-Backed Securities has resulted in stability returning to the secondary markets. However, mortgage borrowers, lenders, and investors alike must …
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COVID-19 Market Update, The Forbearance Dilemma, A MUST READ for Anyone Contemplating Not Making Their Mortgage Payment
While the press is still reporting doom and gloom, I’m happy to report some optimistic news. Preliminary results from the COVID-19 treatment study being done in New York City pertaining to the …
The Mortgage Crisis and the Fed’s Unintended Consequences
(The following is a summary of a much longer article published on March 26, 2020 by Barry Habib, President of MBS Highway.) The COVID-19 Crisis has been wreaking havoc with the economy and society …
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