While the U.S. economy is on an upward path, it remains in a “deep hole” and could be hobbled by an uptick in COVID-19 cases, according to New York Federal Reserve Bank President John Williams. So reports Reuters.

Mortgage rates have rebounded modestly from their 12th all-time low of 2020 amid encouraging activity around a COVID-19 vaccine. So reports MarketWatch.

The Mortgage Bankers Association has joined a coalition of financial services stakeholders in a consumer awareness campaign for distressed borrowers called “Not OK? That’s OK.”