Housing Wire

JULY 7, 2023

The Homeowners Assistance Fund (HAF) — a program designed to offer financial help to homeowners impacted by the COVID-19 pandemic — has kept more than 300,000 homeowners in their homes by curing defaults and keeping them out of foreclosure , according to data released this week by the U.S. Department of the Treasury. “As

HOA 355

HOA Property Taxes Design Insurance 355

Housing Wire

JUNE 27, 2023

Eviction filings have risen more than 50% in some cities when compared to pre-pandemic levels, as expiring relief measures and economic volatility play havoc with the finances of renters in certain parts of the country. However, several pandemic housing relief measures have been made permanent. Landlords file about 3.6

Landlords 376

Landlords Tenants Legal Finance 376

Housing Wire

MARCH 8, 2021

trillion disaster relief package , which will go back to the House of Representatives for a vote on Tuesday. We are looking at $1,400 checks being sent, six months of pandemic unemployment insurance, rental assistance, and many more disaster relief items. 16, this has happened. Over the weekend, the Senate passed the 1.9

Housing Market 538

Housing Market Mortgage Marketing Insurance 538

Housing Wire

APRIL 19, 2024

Government attorneys deny that TCB “is entitled to any of the relief sought in the complaint,” adding that they deny “[e]ach and every allegation, as well as all inferences, arguments, and legal conclusions based on them.” Attorneys for the U.S. This is according to court documents reviewed by RMD. The judge largely disagreed.

Government 392

Government Legal Law Development 392

Housing Wire

SEPTEMBER 17, 2021

Most importantly, the CARES Act created a standardized relief program for homeowners with mortgage loans backed by the Government Sponsored Enterprise (GSE) housing agencies (Fannie Mae, Freddie Mac, and Ginnie Mae). The CARES Act allowed for mortgage forbearance for any impacted borrower across the nation.

Mortgage 410

Mortgage Technology Insurance Government 410

Appraisal Buzz

SEPTEMBER 29, 2022

In an effort to assist in the recovery after Hurricane Fiona made landfall, the Department has issued a new set of waivers offering regulatory and administrative relief to homeowners impacted in Puerto Rico. The post HUD Offers Assistance to Victims of Hurricane Fiona appeared first on DSNews.

Appraisal 195

Appraisal 195

Housing Wire

JANUARY 5, 2022

But rather than adhering to the program, some mortgage servicers of FHA-insured loans allegedly sent borrowers notices that fail to mention the relief options, requiring paperwork and imposing qualifications that are not necessary under the FHA’s guidelines. Attorney General Karl Racine and 20 other state attorneys general.

Mortgage 473

Mortgage Insurance Design Government 473

Housing Wire

JUNE 16, 2023

Since the pandemic began in March 2020, mortgage servicers provided payment relief to nearly 8 million borrowers via forbearance. Others were the unfortunate outcome of confusing or conflicting program requirements and the inherent difficulties of quickly scaling such a massive borrower assistance effort.”

Insurance 352

Insurance Mortgage Development 352

Housing Wire

DECEMBER 17, 2020

While providing temporary relief, these moratoria did nothing to provide lasting stability for families or the housing market. The coronavirus is raging. Eleven million workers are unemployed. Since the coronavirus began spreading, home has been the first line of defense. Stay home, we’ve been told, to help prevent the spread of the virus.

Landlords 525

Landlords Housing Market Mortgage Marketing 525

Appraisal Buzz

AUGUST 30, 2021

Both Fannie Mae and Freddie Mac (the GSEs) have told their borrowers and mortgage servicers that they are offering immediate relief options to those affected by Hurricane Ida. The assistance is available to homeowners financed by either GSE whose homes or places of employment located in presidentially-declared Major Disaster Areas.

Inventory 195

Inventory Finance Appraisal Mortgage 195

Housing Wire

MARCH 11, 2021

Specifically, the bill allocates $22 billion for emergency rental assistance, replenishing the Coronavirus Relief Fund. Priority relief will be given to low-income families that have been unemployed for three months or more, according to White House officials. How servicers can stay ahead of Biden’s potential regulatory changes.

Tenants 545

Tenants Government Retail Law 545

Appraisal Buzz

DECEMBER 2, 2021

Ron Kind and Vern Buchanan announce legislation to provide financial assistance to middle-class homebuyers. The post Bipartisan MI Bill Introduced to Provide Relief to Middle-Class appeared first on DSNews. The post Bipartisan MI Bill Introduced to Provide Relief to Middle-Class appeared first on Appraisal Buzz.

Appraisal 195

Appraisal 195

Housing Wire

AUGUST 7, 2020

Last week, the New York Department of Homes and Community Renewal extended the state’s rental relief program, allowing renters struggling financially due to COVID-19 to apply for assistance through August 6. The HEROES Act contains $200 billion of additional funding to consumers, including assistance making mortgage and rent payments.

Tenants 533

Tenants Government Mortgage Real Estate 533

Housing Wire

DECEMBER 6, 2023

CBC Mortgage Agency – a federally chartered housing finance agency – will offer two temporary rate buydown features for its down payment assistance (DPA) program for Federal Housing Administration (FHA) loans. The agency is the first to provide either a 2-1 rate buydown or a 1-0 rate buydown on a DPA program.

Mortgage 364

Mortgage Sellers Finance Housing Market 364

Housing Wire

APRIL 10, 2024

During the COVID-19 pandemic, the Veterans Assistance Partial Claim Payment program allowed borrowers to skip six or 12 mortgage payments, resuming when they were back on their feet. Kanav Bhagat, a consultant to the CRL, added that the VASP program “will be broadly available and provide relief that many V.A. interest rate.

Mortgage 356

Mortgage Government Lending Law 356

Housing Wire

SEPTEMBER 27, 2023

“This resolution will provide critical relief to impacted Black and Hispanic communities, enabling them to buy a home, keep their home or access the equity in their home,” Kristen Clarke, assistant attorney general of the Justice Department’s civil rights division, said in a statement.

Advertising 402

Advertising Loan Officers Lending Training 402

Housing Wire

OCTOBER 18, 2021

Department of the Treasury are working to strike a balance between offering targeted relief to borrowers through the Homeowners Assistance Fund and putting those plans into place. Forbearance declined across the board this week as government agencies and industry stakeholders chart a path out of forbearance and into loss-mitigation.

Government 399

Government Investors Finance Design 399

Housing Wire

JUNE 13, 2022

Homebuyers are also seeking information about another possible source of relief: homebuyer assistance programs. While real estate professionals are perfectly positioned to introduce homebuyer assistance as a concept, home financing is not their schtick. their lenders) if homebuyer assistance is right for them.

Real Estate 359

Real Estate Finance Tools Inventory 359

Housing Wire

JANUARY 4, 2023

The donations will go toward disaster relief and hosting future blood drives. HW: How are the donations from the golf classic transforming the lives of people relying on American Red Cross assistance in Georgia? FormFree hosted its third annual Heroes Golf Classic and raised nearly $55,000 for the American Red Cross.

Training 483

Training Technology Mortgage 483

Housing Wire

AUGUST 25, 2021

The Emergency Rental Assistance Program , created to help renters quash their missed payments, is disbursing the $46.5 The ERA program’s coffers were lined by two federal pandemic relief packages passed this year.). billion allocated to the program at a snail’s pace. The month of July saw a mere $1.7 percent, Wyoming at 1.2

Tenants 410

Tenants Landlords Government Real Estate 410

Housing Wire

JANUARY 19, 2024

The DOJ alleged that from 2015 through at least 2020, Patriot avoided providing mortgage services to majority- Black and Hispanic neighborhoods in Memphis, Tennessee and discouraged people seeking credit in those communities from obtaining home loans. Over the same six-year period, other banks received nearly 3.5

Loan Officers 397

Loan Officers Lending Advertising Home Improvement 397

Housing Wire

MAY 31, 2023

The CFPB’s order is specifically focused on OneMain’s status as an installment lender, saying that it routinely offers additional products and services alongside its loans including roadside assistance, unemployment coverage and identity theft coverage. This is where an additional grievance was found by the Bureau.

Training 363

Training Development Business Mortgage 363

Appraisal Buzz

SEPTEMBER 3, 2021

Wells Fargo Foundation is dedicating $350,000 to support the American Red Cross and local non-profits to provide assistance to communities hit hardest by Hurricane Ida. The post Wells Fargo Supports Hurricane Ida Relief Efforts appeared first on theMReport.com.

Appraisal 195

Appraisal 195

Housing Wire

JULY 11, 2023

According to the indictment, the defendants would identify financially distressed properties and promise mortgage assistance to homeowners to induce them to sign the deeds to their properties over to Campal Corp. million in short-term “fix and flip” loans, in addition to securing $500,000 in COVID relief small business loans.

Real Estate 243

Real Estate Realtors Mortgage Business 243

Urban

FEBRUARY 7, 2022

Federal assistance is critical but is not a one-shot solution for Native homeowners.

116

116

Housing Wire

DECEMBER 20, 2021

The CFPB said it is reviewing the complaints in light of the Coronavirus Aid, Relief, and Economic Security Act (Cares Act). But they have additional housing protections under the Servicemembers Civil Relief Act, enforceable by the DOJ and service members themselves. In a joint letter, the U.S.

Landlords 396

Landlords Mortgage Law Legal 396

Housing Wire

JUNE 29, 2023

In the immediate aftermath of the COVID-19 coronavirus pandemic’s onset, the Coronavirus Aid, Relief, and Economic Security (CARES) Act passed in March 2020 allowed millions of U.S. This is according to data released this week by the Consumer Financial Protection Bureau (CFPB) Office of Research.

Mortgage 375

Mortgage 375

Housing Wire

JANUARY 27, 2023

As housing prices remain high across the nation, the Biden administration is taking action. The administration announced new actions earlier this week to protect access to housing and make rentals more affordable. According to the White House, roughly 35% of the U.S. The focus will also be put on the multifamily market.

Tenants 397

Tenants Landlords Finance Government 397

Housing Wire

JULY 19, 2022

23 when Michael Secor, a loan consultant, and defendant Emeline Ramos, Secor’s production assistant, abruptly resigned. Since then, CrossCountry recruited 18 additional loanDepot employees including loan consultants, managers and production assistants, loanDepot claims. Anthony Hsieh, founder and CEO of loandepot.

Loan Officers 384

Loan Officers Contracts Legal Business 384

Housing Wire

JUNE 14, 2022

Kristen Clarke, assistant attorney general at the DOJ, said in a statement on Friday that targeting homeowners with limited English proficiency is “reprehensible and illegal.”. Owners of a Florida-based law firm were ordered to pay close to $4.6 and its owners, Jon B. Lindeman, Jr. and his wife, Ephigenia K.

Law 352

Law Advertising Clients Development 352

Housing Wire

MARCH 3, 2022

A growing chorus of mortgage servicers, consultants, and lobbyists support the idea of having forbearance programs as a permanent solution in the industry’s loss mitigation toolkit, rather than only a temporary relief for wide-scale events such as financial crises and pandemics.

Insurance 365

Insurance Finance Government Mortgage 365

Housing Wire

MAY 24, 2021

Stavvy’s digital technology has helped Flagstar efficiently and securely assist homeowners seeking relief with their mortgage payments due to COVID-19,” said Ken Creech, CIO of servicing for Flagstar. We are adding resources to engineering, security and trust, product, industry relations, legal, compliance and more.

Technology 384

Technology Lending Investors Modernization 384

Housing Wire

MARCH 8, 2023

When banks fail to provide equal access to lending services in neighborhoods of color, they engage in modern day redlining and exacerbate the racial wealth gap in our country,” Kristen Clarke, assistant attorney general of the Justice Department’s civil rights division, said in a statement. The complaint, filed in federal court in the U.S.

Advertising 327

Advertising Lending Modernization Investing 327

Housing Wire

APRIL 19, 2022

In these cases, the FHA said that it encourages mortgagees and borrowers to use its extensive network of housing counselors to help explain and expedite additional relief. For now, only borrowers financially impacted by the pandemic can opt for the loss mitigation option, and it may only be used in combination with a partial claim option.

Insurance 496

Insurance Development Mortgage Government 496

Housing Wire

JANUARY 12, 2023

Los Angeles-headquartered City National Bank agreed to pay $31 million in relief to impacted individuals and communities to settle a redlining case with the U.S. Department of Justice (DOJ), the parties announced Thursday. . In this case, the alleged redlining occurred from 2017 through at least 2020 in Los Angeles. .

Advertising 360

Advertising Loan Officers Mortgage Lending 360

Housing Wire

APRIL 19, 2021

A number of these loans may be held in bank portfolios, where it is up to the bank’s discretion to offer relief it feel is most appropriate. Others are owned by smaller investors or repackaged as a PLS, where once again, the documentation in these loans have jurisdiction over what kind of relief a borrower may receive.

Construction 369

Construction Government Investors Housing Market 369

Housing Wire

MARCH 1, 2021

The MBA has expressed concern that the longer borrowers stay in forbearance, the less likely they’ll skate by without needing assistance. He noted the new provisions should help assist mortgage servicers in streamlining their offerings to provide relief for homeowners. But servicers have limited options to date.

Lending 417

Lending Mortgage Business 417