Latest News

Almost a Third of Young People Have Lost Their Jobs So Far

APRIL 06, 2020

As measures to slow the coronavirus pandemic lead to mass layoffs, people ages 18 to 34 are being disproportionately affected.

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Here's what you need to know about paying your rent or mortgage

APRIL 01, 2020

As renters and homeowners grapple with mass layoffs and business closures, housing advocates are growing increasingly concerned the country will soon face a housing crisis to rival the one that nearly took down the economy a decade ago.

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The federal government is throwing $2 trillion at the coronavirus problem

MARCH 30, 2020

The federal government is throwing $2 trillion at the coronavirus problem. Banks and other lenders are doing things to assist people on top of that. Here's your survival kit for how to get the help that's available and be in the best financial shape possible as you weather this storm.

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New Jersey Gov. Phil Murphy announces a 90-day grace period on mortgage payments

MARCH 28, 2020

New Jersey Gov. Phil Murphy announces a 90-day grace period on mortgage payments

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Three Industries That Are Being Decimated By The Coronavirus

MARCH 28, 2020

Three Industries That Have Lost Millions Of Jobs Due To The Coronavirus

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Scammers are taking advantage of the coronavirus (COVID-19) pandemic to con people into giving up their money.

MARCH 27, 2020

Scammers are taking advantage of the coronavirus (COVID-19) pandemic to con people into giving up their money. Though the reason behind their fraud is new, their tactics are familiar. It can be even harder to prevent scams right now because people 65 and older aren�t interacting with as many friends, neighbors and senior service providers due to efforts to slow the spread of disease.

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MBA Detailed section about the bill passed?

MARCH 26, 2020

MBA Detailed section about the bill passed?

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A record 3.3 million Americans filed for unemployment benefits as the coronavirus slams economy

MARCH 26, 2020

A record 3.3 million Americans applied for unemployment benefits last week, the Labor Department said Thursday, as restaurants, hotels, barber shops, gyms and more shut down in a nationwide effort to slow the spread of the deadly coronavirus.

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COVID-19 and the Mortgage Industry: 7 Things We Know Today

MARCH 23, 2020

Operating a financial institution is always a challenge, but the COVID-19 outbreak has triggered a unique set of overlapping and sometimes conflicting concerns for mortgage originators and servicers. Here is what we know as of March 20

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Servicing Bulletins Introduce Freddie Mac Payment Deferral and Provide Additional COVID 19 Requirements

MARCH 23, 2020

Today, Freddie Mac published two Single-Family Seller/Servicer Guide (Guide) Bulletins that offer servicing solutions to assist borrowers and the housing market.

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HPV Multistakeholder response to COVID-19 Letter

MARCH 23, 2020

Ladies and Gentlemen: We want to convey our support and appreciation to you and other Administration officials who are working diligently to develop a comprehensive set of economic programs and financial facilities to address the national emergency posed by COVID-19.

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CFPB Updates Consumers on Forbearance Options

MARCH 23, 2020

The Consumer Financial Protection Bureau (Bureau) has recently released several resources to help consumers take steps to protect their finances during the COVID-19 pandemic, including how to avoid financial scams and submit complaints to the Bureau.

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Regulators Officially Encourage Borrower Engagement Before Default

MARCH 23, 2020

All of the U.S. financial institution regulators and the state banking regulators have issued an interagency statement that encourages financial institutions to work with borrowers who are affected by COVID-19 and provide information regarding loan modifications.

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Was your job affected by coronavirus? Here's how to file for unemployment

MARCH 23, 2020

As workers lose jobs or have their hours reduced during the coronavirus outbreak, many Californians will turn to unemployment benefits for help. The state is already seeing a surge in claims. For the week ending March 14, there were 58,208 claims processed, a 34% increase over the previous week, according to the California Employment Development Department.

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Freddie Mac Announces Enhanced Relief for Borrowers Impacted by COVID-19

March 18, 2020

Company suspends single family foreclosure sales and evictions; confirms and expands forbearance and modification programs MCLEAN, Va., March 18, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced it is taking numerous actions to protect those affected, either directly or indirectly, by the novel coronavirus, known as COVID-19

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