Mortgage Bankers Say Mortgage Forbearance Decreased To 2.62%. Ginnie Mae’s Portfolio Finally Below 3% The Mortgage Bankers Association is saying mortgage forbearances are down .27%. They also stated that forbearance portfolio volume declined at the fastest rate in a year. This is in part to mortgage holders exit COVID-19 plans. Exits are expected to pick up […]
MORTGAGE FORBEARANCE ALERT! Don’t Be Caught Facing Foreclosure. You Have Options! MORTGAGE FORBEARANCE ALERT! Some homeowners will soon come to the end of their 18-month mortgage forbearance period. As a result, borrowers affected by the pandemic will have to figure out how to repay their back payments. Fortunately, most loan servicers don’t want to foreclose. […]
Foreclosure Moratorium Alert! Homeowners Scramble To Save Their Homes In A Booming Housing Market MFI-Miami has issued a foreclosure moratorium alert for homeowners facing possible foreclosure. The federal foreclosure moratorium on mortgage foreclosures ended July 31st. As a result, homeowners will now have to deal with overdue payments that were paused for more than a […]
The CFPB Wants To Postpone Foreclosures Until 2022. Can They? Mortgage Servicers Pledge To Fight Proposed Rule! The Consumer Financial Protection Bureau aka CFPB wants to postpone residential foreclosures until 2022. The agency released a proposed rule last week that would bar servicers from starting on foreclosures until 2022. The CFPB also proposed streamlined processes […]
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