Plagued with years of failed technology modernization initiatives, HUD is turning things around with an IT modernization roadmap deemed a success thus far by HUD's Inspector General.
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.
A small percentage of customers who will be unable to resume mortgage payments after forbearance will be those who were already delinquent pre-pandemic.
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