Homeowners

Mortgage servicers to work with homeowners

Mortgage servicers to work with homeowners

Agencies want mortgage servicers to work with homeowners

A policy statement by a number of federal and state regulatory agencies is laying the foundation for mortgage servicers to be able to give homeowners a break on monthly payments during hard financial times spawned by the coronavirus pandemic.
Serious Delinquency Rates* Enterprises versus Mortgage Industry

Serious Delinquency Rates* Enterprises versus Mortgage Industry

4.4M homeowners avoid foreclosure

WASHINGTON, D.C.– The Federal Housing Finance Agency (FHFA) released its fourth quarter 2019 Foreclosure Prevention and Refinance Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 25,930 foreclosure prevention actions during that 90-day period.
U.S. has seen a significant change in the balance between renters and homeowners

U.S. has seen a significant change in the balance between renters and homeowners

Study finds millennial home ownership rates fell 20% in past decade

NEW YORK – After a decade’s worth of demographic and economic shifts, the U.S. has seen a significant change in the balance between renters and homeowners according to a new ValuePenguin.com report. Most notably, the study found that millennial homeownership rates fell 20% in the past decade.