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Housing coalition publishes recommendations for GSEs’ ‘Duty to Serve’ plans

Housing Wire

And special attention should be paid to Native American housing markets, which would include an increase in “conventional lending on trust land and secondary market sales of trust land mortgages.” mortgage finance system. Additionally, the GSEs should develop “better loan products” to serve the single-family market.

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FHA adds 40-year loan term to COVID-19 arsenal

Housing Wire

Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to FHA’s mortgage lending policies. The Federal Housing Administration told mortgage servicers that they can now offer a 40-year loan term as a COVID-19 recovery option. Comments from the mortgage industry are due by May 31.

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FHFA extends foreclosure, eviction moratorium to February

Housing Wire

The Federal Housing Finance Agency announced Tuesday that Fannie Mae and Freddie Mac will once again extend moratoriums on single-family foreclosures and real estate owned evictions, this time until Feb. 28, 2021. “To Overall, forbearances are decreasing, but the speed at which they are declining is beginning to slow.

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Chopra warns of post-COVID housing market fallout

Housing Wire

It also extended moratoriums on single-family foreclosures and real estate owned evictions through June 30, 2021. Rohit Chopra is laser-focused on helping homeowners who have been hit hard by the COVID-19 pandemic. Student loan debt is in his crosshairs, too. housing market currently has about 2.6 As one of Sen.

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Q3 Update: Delinquencies, Foreclosures and REO

Calculated Risk Real Estate

However, I also argued this would NOT lead to a surge in foreclosures and significantly impact house prices (as happened following the housing bubble) since lending has been solid and most homeowners have substantial equity in their homes. REO (Real Estate Owned) is the amount of real estate owned by lenders.

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Q4 Update: Delinquencies, Foreclosures and REO

Calculated Risk Real Estate

The two key reasons are mortgage lending has been solid, and most homeowners have substantial equity in their homes. REO (Real Estate Owned) is the amount of real estate owned by lenders. homeowners with mortgages (which account for roughly 62% of all properties) saw home equity increase by 8.6%

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Housing Tech Rundown: Quantarium, Equifax and Ellie Mae

Housing Wire

Artificial Intelligence company Quantarium announced on Thursday its partnership with Valligent Technologies to launch a condition adjusted “Quantarium Valuation Model” for equity lending, broker price opinions and real estate owned valuations.