Fannie Mae, Freddie Mac: Mortgages in forbearance do not need to be paid back all at once

Fannie Mae, Freddie Mac: Mortgages in forbearance do not need to be paid back all at once

But that's not actually the case, according to the two biggest sources of mortgage financing in the country. Fannie Mae and Freddie Mac each issued a
See Original Article

Deutsche Bank net profit falls due to pandemic

He said people who have federal mortgage loans through the Virginia Housing Department Authority could defer loan payments for up to three months
See Original Article

CMG Financial and Berkshire Hathaway HomeServices Drysdale Properties Appoint New …

Dutra's experience with a premier purchase-centric mortgage lender will enable him to apply his strategies to grow Welcome Home Funding and
See Original Article

Federal Home Loan Bank of Atlanta Announces First Quarter 2020 Operating Highlights

ATLANTA, April 27, 2020 (GLOBE NEWSWIRE) — Federal Home Loan Bank of Atlanta (the Bank) today released preliminary unaudited financial
See Original Article

Banking during the best and worst of times

For the first time in its history, Bank of the Philippines Islands (BPI) met its shareholders for the Annual Stockholders Meeting (ASM) in virtual format.
See Original Article

COVID-19: Distressed Debt and Tax – Part I – Lender and Debt Holder Considerations

… certain mortgage loans) on technical tax issues arising from the implementation of CARES Act programs, the tax consequences of loan forgiveness,
See Original Article

Pelosi maneuvers McConnell into a corner

However, House Speaker Nancy Pelosi made the rounds of the Sunday talk shows saying there will be another package heading to the Senate on par
See Original Article

MUFG Bank to cut 8000 jobs by March 2024, up from initial plan

MUFG Bank, the banking unit of Mitsubishi UFJ Financial Group Inc., plans to slash its domestic workforce by around 8,000 employees by March 2024,
See Original Article

Ways to get a true home Loan With Bad Credit

Rather, it insures mortgage loans, meaning the FHA will repay the lending company if your debtor defaults on home financing. The lenders can be more
See Original Article

TPG RE Finance Trust, Inc. Provides Update on CRE Debt Securities Portfolio

TPG RE Finance Trust, Inc. is a commercial real estate finance company that focuses primarily on originating, acquiring, and managing first mortgage
See Original Article

3.4 Million Homeowners Skip Payments. But Many Are Scared, Say Congress Needs To Act

Like many other homeowners, she says her lender told her that if she skips mortgage payments on her Long Island, N.Y., home — as Congress says she
See Original Article

Super raid flushes banks with cash

The situation has left the banking sector inundated with ultra-cheap funding at the same time the Reserve Bank has injected $90 billion into the
See Original Article

Pandemic Personal Finance Update No. 6: First-time home buyers with job security should get pre …

Let's get started. Get a mortgage pre-approval. With unemployment rising and incomes plunging, expect to see home prices fall in the months ahead.
See Original Article

Interviewing bank president resulted in new career for Doug Couse

He began a career in banking early in life, after a college assignment resulted in an interview with a banker. A class his freshmen year required
See Original Article

Nearly 10% of FHA and VA borrowers are in forbearance

… 10% of borrowers whose mortgages are backed by the Federal Housing Administration or the Department of Veterans Affairs are in forbearance.
See Original Article

Don't expect the moon

… Development Bank of India for on-lending or refinancing and Rs 10,000 crore to the National Housing Bank for supporting mortgage lenders.
See Original Article

It's (mostly) business as usual with mortgages

Trying to buy a home has changed a little over the last month. Depending on who you are working with, arranging your mortgage financing has
See Original Article

Lebanese parliament speaker warns against sacking central bank governor

BEIRUT (Reuters) – Lebanese parliament speaker Nabih Berri has warned that removing the central bank governor would send the currency tumbling
See Original Article

DCHFA Finances Affordable Housing in Wards 2 and 4

Through its Multifamily Lending and Neighborhood Investment and Capital Markets divisions, DCHFA issues tax-exempt mortgage revenue bonds to
See Original Article

Greystone Provides $33M HUD Construction Loan for NC Apartments

The U.S. Department of Housing and Urban Development (HUD) Section 221(d)(4) loan has an 85 percent loan-to-cost, indicating the cost of
See Original Article

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.