Within the mortgage industry, brokers appear to be the majority of borrowers under the Paycheck Protection Program, with 601 companies submitting successful applications.
HUD Secretary Ben Carson told lawmakers he will cooperate with an inquiry into whether a new policy prevents DACA recipients from receiving federally backed mortgage loans.
Lawmakers questioned Federal Housing Finance Agency Director Mark Calabria on a wide range of issues, including extending the timeline, and expanding the scope, of the eviction moratorium.
Coronavirus-triggered social distancing has given an added impetus to the mortgage industry’s digital transformation efforts. The adoption of remote online notarization may be the key.
During a House committee roundtable, the Mortgage Bankers Association requested Congress for a funding facility for servicers and legislation to help lenders with mortgages that entered forbearance soon after closing.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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