The share of residential mortgages in forbearance decreased for the ninth straight week to 4.47%. Overall, 2.23 million homeowners remain in forbearance, according to the Mortgage Bankers Association.
The new HUD secretary said real estate agents also are complicit in creating the homeownership gap by undervaluing properties and not providing buyers the relevant information.
If the proposed COVID-19 partial claim payment program is implemented, veterans who use it could see a substantial rise in their monthly payment, according to industry trade groups.
The New Jersey-based company will help modernize Ginnie Mae’s platform to provide enhanced security, monitoring and service delivery across its entire application portfolio.
A former HUD official has agreed to pay $25,000 to settle allegations that, while still employed at the department, he negotiated future employment with a lender that does business with HUD.
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