Forbearances dip for fifth straight week to 4.9%

The share of loans in forbearance fell six basis points during the final week of March to 4.9% of servicers’ portfolio volume, according to recent data from the Mortgage Bankers Association. New forbearance requests also dropped to their lowest level since March, 2020 as forbearance volume fell across the board

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CFPB proposes foreclosure ban until 2022

The Consumer Financial Protection Bureau (CFPB) released a notice of proposed rulemaking on Monday that would amend Regulation X to provide a special pre-foreclosure review period prohibiting servicers from starting foreclosures until after December 31, 2021. Under current CFPB foreclosure rules, a borrower must be 120 days delinquent before the foreclosure

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Threat of climate change looms large for some home buyers

Climate change and the rising threat of natural disasters is likely to significantly impact migration plans of American families, potentially changing the landscape of American real estate. Out of 2,000 people surveyed between Feb. 25 and March 1, 628 said they would move due to natural disasters, extreme temperatures, and

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Will the next job wave mean the end of forbearance?

Last Friday, the Bureau of Labor Statistics reported that 916,000 jobs were created in March, and the previous month’s revisions came in positive. The rest of this content is for HW+ members. Join today with an HW+ Membership! Already a member? log in HW+ includes weekly long-form digital content, HousingWire

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Why now is not the time for FHA premium cuts

In its most recent annual report to Congress, November 2020, the Federal Housing Administration (FHA) published its “capital ratio,” a measure of capital reserves to insurance-in-force held within the Mutual Mortgage Insurance Fund (MMI Fund). The figure, standing at 6.1%, was the highest capital ratio reported since 2007 and the

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