Remove blog month 10-2020
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FHFA brings foreclosures to a screeching halt for borrowers who applied for Treasury assistance

Housing Wire

Borrowers with Fannie Mae or Freddie Mac- backed mortgages have been granted an additional two months to avoid foreclosure if they’ve applied for assistance from the Department of the Treasury. As of October 2021, only 10% of the funds have been distributed upfront for states to initiate pilot programs. Sponsored Video.

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GSEs’ cash window loses some luster

Housing Wire

The cap wasn’t supposed to become fully effective until January of this y ear , and it was suspended months prior to that effective date. Nonbanks, by far, are the biggest users of the cash window, though their relative dominance shrank between 2020 and 2021, Recursion’s data shows. billion in volume for the top 10 bank users.

Loans 370
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Risk of mortgage fraud is on the rise in the current market

Housing Wire

A website tracking some of those cases, the Mortgage Fraud Blog , highlights 10 federal cases from March, April and early May. Year over year as of Q4 of last year, the index was up 26.7% — from 109 in Q4 2020. month over month. over the month of April and 51.7% over the month of April and 51.7%

Mortgages 395
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Housing 2020 recap: Demographics popped the housing bubble boys

Housing Wire

9, in another article for my blog , I made the case that the economic conditions for the AB model had been met. For perspective, I am starting with the condition of the 2020 housing market before the first infections. Before COVID-19, in the first two months of the year, the 2020 housing market appeared on a powerful upswing.

Sales 545
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CFPB adds two cents on Wells Fargo class action lawsuit

Housing Wire

The CFPB filed its amicus brief on Monday, in a class action lawsuit before the Ninth Circuit Court of Appeals, alleging that Wells Fargo flouted its obligations to answer questions about two loans it serviced in 2020. Eight months later, on Sept. Wells Fargo and the CFPB declined to comment.

Banks 406
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FHA borrowers hit first, hardest by sinking economy

Housing Wire

In recent months, the canary has been chirping with far less exuberance as inflation (now above 7% annualized ), rising mortg a ge rates , declining home values and the potential of faster-rising unemployment spurred on by a potential recession in the coming year all grip the FHA sector. Delinquency rates rise again.

FHA loan 475
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Fed retreat from MBS market sparks short-term uncertainty

Housing Wire

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 of total agency gross issuance for the month.

Marketing 406