CFPB, FHFA Partner on Borrower Assistance Program

first_img in Daily Dose, Featured, Government, News Demand Propels Home Prices Upward 2 days ago Tagged with: CFPB Coronavirus FHFA housing market 2020 About Author: Mike Albanese Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago CFPB, FHFA Partner on Borrower Assistance Program Related Articles CFPB Coronavirus FHFA housing market 2020 2020-04-15 Mike Albanese Subscribe Home / Daily Dose / CFPB, FHFA Partner on Borrower Assistance Program April 15, 2020 2,111 Views The Week Ahead: Nearing the Forbearance Exit 2 days agocenter_img Previous: A Snapshot of Mortgage Forbearance Trends Next: Treasury, HUD Address Mortgage Servicer Liquidity Servicers Navigate the Post-Pandemic World 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) announced a new joint initiative—the Borrower Protection Program. The Program enables the CFPB and FHFA to share servicing information to protect borrowers during COVID-19. Under the guidelines of the program, the CFPB will make complaint information and analytics tools available to FHFA through a secured interface. The FHFA will make information regarding forbearances, modifications, and loss mitigation initiatives by Fannie Mae and Freddie Mac available to the CFPB. “Help for consumers is always here at the CFPB through our complaints process. In addition to working with your lender to get an answer for you, we analyze the information to better educate consumers, provide clear rules for financial institutions, and hold companies accountable,” said CFPB Director Kathleen L. Kraninger in a release. Dr. Mark A. Calabria said protecting homeowners during the COVID-19 emergency is “my top priority.” “No one should be worried about losing their home,” Calabria said. “Borrowers are entitled to accurate information about their forbearance options. This partnership with CFPB ensures FHFA can address misconceptions stemming from consumer complaints by working with Fannie and Freddie servicers.”The GSEs and the Federal Home Loan Banks—the FHFA’s regulated entities—provide more than $6.3 trillion in funding for the U.S. mortgage market. In recent weeks there have been numerous agencies allowing homeowners to either defer or pay a reduced mortgage payment in forbearance programs. Mark Zandi, the Chief Economist at Moody’s Analytics estimated that as many as 30% of Americans with home loans—nearly 15 million households—could stop paying their loans if the economy is closed through the summer.“This is an unprecedented event,” said Susan Wachter, professor of real estate and finance at the Wharton School of the University of Pennsylvania, in an article by the Los Angeles Times. “The great financial crisis happened over a number of years. This is happening in a matter of months—a matter of weeks.”  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Share 4Save Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img read more

‘Warzone’ jailbreak: When it happens, what it means for ‘Call of Duty: Modern Warfare’ players

first_imgMORE: PS5 announcement newsThe specifics of jailbreak are causing some confusion in the community, but we’re here to help.Below is a full list of details on the added “Warzone” twist:What is jailbreak in ‘Warzone?’From the Activision Season 4 patch announcement: “All dead players, even those that are only spectating, come back to life.”It works for those still waiting in the gulag as well as those who are in spectator mode. Those still alive will get an update a minute ahead of time notifying them that a jailbreak is imminent.Even if your entire squad is dead, you can all be brought back by jailbreak.When does jailbreak happen in ‘Warzone?’There’s no guarantee it will occur in a given match — the feature randomly cycles with a feature that makes all items discounted by 80 percent and another one that drops a chopper into the world stacked with high-caliber loot. If it does happen, it appears it will be mid-match after the first drop kit and before the gulag closes.You will know one minute ahead of time that a jailbreak is on the way, lessening the amount of time you’re sitting around in spectator mode not knowing whether an added lifeline is coming. How often does the jailbreak activate?It will happen once in a game at most, but in many games won’t occur at all. Because it in effect wipes the entire slate of the game clean, it wouldn’t make sense to always occur.Something to note is that when jailbreak does happen, everyone will respawn into a game with significantly shrunken circles. Things are bound to be hectic.Is it worth waiting for the chance to come back?Whether you wait depends on when you die and your level of patience. If you’re eliminated in the opening minute, it might not be worth sitting around until a possible jailbreak is announced. By comparison, losing in the gulag just before a potential jailbreak is announced leaves you in a no-lose situation to wait things out for a bit. Refrain from immediately rage quitting if you lose your gulag match in “Warzone” — there’s now a chance you could still return to the “Call of Duty: Modern Warfare” battlefield.The Season 4 update to the game, out for download Thursday, brings a host of substantial changes. Among the biggest is a jailbreak feature that restores all teammates to action, effectively providing a third life to those spectating after a 1v1 gulag defeat.last_img read more