Are CRE foreclosures on the horizon?


Commercial real estate portfolios have held up better than expected during the pandemic. But rising delinquencies and fears of a delayed economic recovery are renewing questions about credit quality.


'Seriously delinquent' mortgages remain elevated, OCC says


The percentage of seriously-delinquent loans hit 5.8% in the third quarter, up from 1.5% a year earlier but down from 6.8% in the second quarter.


OCC reports surge in 'seriously delinquent' mortgages


The agency reported signs of stress on the credit quality in residential loans serviced by seven large banks as a result of the COVID-19 pandemic.


Agencies extend freeze on foreclosures and evictions to end of year


Both the Federal Housing Finance Agency and Federal Housing Administration are extending relief for homeowners and renters due to the pandemic crisis.


‘I’m a budget nerd’: How new FHA chief is confronting pandemic


Dana Wade, a former OMB official, says a strong capital footing will help the Federal Housing Administration weather an uptick in delinquencies and ensure the mortgage market is viable once the economy recovers.


Multifamily borrowers in forbearance cannot evict tenants, FHFA says


The agency said property owners can enter into new or modified forbearance plans if they have a hardship due to the coronavirus, but the landlords must agree not to kick out renters solely for nonpayment of rent.


Emergency consumer relief bill in California stalls


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


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


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.


Federal housing agencies extend foreclosure moratorium to Aug. 31


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.


What happens to struggling homeowners when CARES Act relief ends?


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.