foreclosures

Emergency consumer relief bill in California stalls

06/19/20

After drawing industry opposition, legislation that would have added broad new borrower protections during the pandemic failed to advance out of the state Assembly.

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Juneteenth, OCC targeting ex-Wells execs, deposit glut: Top stories of the week

06/19/20

JPMorgan Chase, Fifth Third, Truist among banks closing early to observe Juneteenth; inside the OCC's effort to extract $37.5M from former Wells Fargo execs; banks are at a loss what to do with record amount of funds; and more from this week's most-read stories.

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Federal housing agencies extend foreclosure moratorium to Aug. 31

06/17/20

The FHFA and FHA both announced for the second time that they were delaying the freeze to protect borrowers and renters during the coronavirus pandemic.

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What happens to struggling homeowners when CARES Act relief ends?

06/09/20

Some lawmakers fear that when forbearance plans and enhanced unemployment coverage expire, the consequences for mortgage borrowers still affected by the pandemic will be severe.

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FHA to insure new single-family loans subject to forbearance plans

06/04/20

The policy comes more than a month after a different agency issued similar guidance for loans backed by Fannie Mae and Freddie Mac.

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PPP loan forgiveness, BofA’s cost cutting, Amex’s cloud commitment: Top stories of the week

05/29/20

The SBA issues guidance on Paycheck Protection Program loan forgiveness; after staffing up for PPP, Bank of America may need to delay investments to meet cost targets; American Express has leaned hard on cloud tech to help employees work at home during the pandemic.

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Delinquencies and foreclosures won't be as bad as feared, data suggests

05/26/20

Forecasts about the pandemic's impact on the mortgage market have grown less dire after forbearance requests by homeowners nearly leveled off in the first half of May.

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California bill to pause foreclosures, repos draws fire from lenders

05/21/20

A Democratic measure to freeze foreclosures and auto repossessions through the coronavirus crisis while expanding eligibility for loan forbearance is getting strong pushback from banks and credit unions, which complain it would constrain credit.

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FHFA extends eviction and foreclosure moratorium to June 30

05/14/20

The agency's announcement came one day after the agency said it would provide borrowers struggling to stay current with an additional payment deferral option.

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One senator's plan for helping consumers weather coronavirus pandemic

04/14/20

Republicans balked at measures like an overdraft fee ban and interest rate cap in the recent stimulus bill, but Sen. Sherrod Brown, D-Ohio, isn’t done trying to add such proposals to future relief packages.

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