Fannie Mae Extends Pilot Program that Boosts Credit Scores
Fannie Mae is adding another year to a pilot program that can help landlords boost tenants’ credit scores by reporting on-time rental payments, and making it free for more landlords to join.
Eastern, Berkshire Join New Anti-Racist Lending Pilot
Two prominent Boston banks have joined forces with 18 other financial institutions to launch a new lending program that seeks to adopt anti-racist underwriting approaches and increase lending commitments to support people of color.
Share of Mortgages in Forbearance Keeps Rising As Credit Access Shrinks
The Mortgage Bankers Association’s latest survey showed that the total number of loans now in forbearance increased from 8.46 percent of servicers’ portfolio volume as of May 24 to 8.53 percent as of May 31. According to MBA’s estimate, almost 4.3 million homeowners are now in forbearance plans.
Fintech Continues to Offer Strategic Challenges
A decade that began with the banking industry in the midst of the financial crisis will close with the arrival of technology innovations that have transformed bank operations and consumer expectations.
More Americans Are Paying Mortgages on Time
It’s a real estate and social barometer that doesn’t get a lot of publicity, but it’s important: More Americans are paying their mortgages on time today than they have in nearly two decades
