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Latest posts

President Trump Signs CARES Act

27. March, 2020|DS News|No comments

According to industry experts, the act can help prevent foreclosures during the COVID-19 outbreak.

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Financial Stress Factors Facing Housing

27. March, 2020|DS News|No comments

The former CEO of Freddie Mac points out that the spread of the coronavirus could cause spell issues for the GSEs and mortgage-backed securities.

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CFPB Issues Support for Financial Institutions

26. March, 2020|DS News|No comments

The Bureau is postponing some data collections from industry on Bureau-related rules to allow companies to focus on responding to consumers in need and making changes to its supervisory activities to account for operational challenges at regulated entities.

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Policymakers ‘Learned Lessons’ from Great Recession in Stimulus Package

26. March, 2020|DS News|No comments

An industry insider praised the actions by the GSEs, FHFA, and HUD to help prevent foreclosures during the COVID-19 outbreak.

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Low-End Rentals Driving Inventory Increases

26. March, 2020|DS News|No comments

Already-low rental home inventory, relative to increased demand, drove the rental vacancy rate on one-unit homes down to 5.2%, which was the lowest one-unit rental vacancy rate since 1995.

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Freddie Mac Ceases Issuing LIBOR Securities

26. March, 2020|DS News|No comments

The London Inter-Bank Offered Rate, is nearing its end, and set to expire sometime after 2021, with the Secured Overnight Financing Rate, or SOFR taking its place.

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Unemployment Reaches Record Levels

26. March, 2020|DS News|No comments

Doug Duncan, Chief Economist at Fannie Mae, notes that the increase indicates an expected increase in household financial stress.

The post Unemployment Reaches Record Levels appeared first on DSNews.

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DS5: Industry Leaders Discuss Trends, Challenges

26. March, 2020|DS News|No comments

Executives from Penny Mac, Planet Financial Group, and Rushmore Loan Management Services, are featured on the first installment of DS5: Inside the Industry.

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DS5: The Latest Mortgage Industry Insights

25. March, 2020|DS News|No comments

Five Star Global is excited to launch DS5, a video newscast where we highlight economic and industry updates and profile executives and leaders.

The post DS5: The Latest Mortgage Industry Insights appeared first on DSNews.

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Where Overleveraged Homes are Concentrated

25. March, 2020|DS News|No comments

Mortgage rates hit an all-time low recently due to the negative effect of the coronavirus pandemic on the U.S. economy, but in many cities across the country, homeowners are finding that they owe more on their home than their home is worth.

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FHFA Tracks GSE Foreclosure Prevention

25. March, 2020|DS News|No comments

Fannie Mae and Freddie Mac have now completed 4.407 million foreclosure prevention actions since starting conservatorship.

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GSEs Launch Mortgage Deferment Programs

25. March, 2020|DS News|No comments

Here’s what else Fannie Mae and Freddie Mac are doing to assist borrowers impacted by COVID-19.

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Senate Leaders Reach Deal on $2T Stimulus Package

25. March, 2020|DS News|No comments

The proposed deal, which still needs approval by the House, would send direct payments to homeowners nationwide.

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Bouncing Back from Bankruptcy

24. March, 2020|DS News|No comments

For many borrowers, bankruptcy is not the end of the road. Here’s how quickly someone who files from bankruptcy might be able to obtain a home loan.

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CFPB Updates Consumers on Forbearance Options

24. March, 2020|DS News|No comments

The Bureau also reported on how consumers can avoid financial scams and submit complaints.

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