Homeowners Affordability and Stability Plan

Understand Your COVID-19 Mortgage Options

Retrieved on: 
Monday, April 27, 2020
Mortgage industry of the United States, Mortgage, Finance, Economy, Money, Loans, Forbearance, United States housing bubble, Mortgage loan, Fannie Mae, Mortgage servicer, Homeowners Affordability and Stability Plan

WASHINGTON, April 27, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) wants to remind those impacted by COVID-19 that mortgage assistance and relief options are available, including a forbearance plan through their mortgage servicer (the company listed on their mortgage statement).

Key Points: 
  • WASHINGTON, April 27, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) wants to remind those impacted by COVID-19 that mortgage assistance and relief options are available, including a forbearance plan through their mortgage servicer (the company listed on their mortgage statement).
  • Under a forbearance plan, a homeowner may be able to temporarily reduce or suspend their mortgage payment while they regain their financial footing.
  • At the end of the forbearance plan, the homeowner will be provided with several options from their mortgage servicer for making up the missed payments and will not be required to pay everything back all at once.
  • "We want every homeowner who is struggling because of this pandemic to know they have mortgage options.

Lenders Still Bearish as Reported Mortgage Demand Erodes Further

Retrieved on: 
Tuesday, September 11, 2018
Economy, Mortgage industry of the United States, Finance, Money, Mortgage, Fannie Mae, Mortgage loan, Subprime mortgage crisis, Banking, Refinancing, Super jumbo mortgage, Homeowners Affordability and Stability Plan

WASHINGTON, Sept. 11, 2018 /PRNewswire/ -- Mortgage lenders reported a net negative profit margin outlook for the eighth consecutive quarter amid the further erosion of purchase mortgage demand, according to Fannie Mae's Q3 2018 Mortgage Lender Sentiment Survey .

Key Points: 
  • WASHINGTON, Sept. 11, 2018 /PRNewswire/ -- Mortgage lenders reported a net negative profit margin outlook for the eighth consecutive quarter amid the further erosion of purchase mortgage demand, according to Fannie Mae's Q3 2018 Mortgage Lender Sentiment Survey .
  • Reported demand for refinance mortgages remained negative but stable amid the higher interest rate environment.
  • Finally, in general, fewer lenders reported easing credit standards in the third quarter despite the decreased mortgage demand and increased competition.
  • "Lenders continued their bearish trend this quarter, as they note ongoing anemic refinance activity and the worst purchase mortgage demand for a third quarter in the survey's history," said Doug Duncan, senior vice president and chief economist at Fannie Mae.