While the first quarter was booming for many mortgage lenders (see Quicken’s record month), the second quarter and beyond might be a different story as… Read More »It’s Going to Be Harder to Get a Mortgage Thanks to COVID-19
While the CARES Act has allowed millions of homeowners nationwide to put their mortgage payments on hold, doing so has left lots of questions for… Read More »Fannie Mae and Freddie Mac Agree to Buy Mortgages in Forbearance
With each week that goes by, the mortgage forbearance rate climbs to new highs thanks to the coronavirus (COVID-19). The more or less complete shutdown… Read More »Nearly 6% of Mortgages in Forbearance as FHFA Provides Relief to Loan Servicers
Necessity is the mother of innovation, and with that comes the so-called “Livestream Open House,” which has just been launched by Realtor.com in the face… Read More »Introducing the Livestream Open House
We’re now getting more information on just how many Americans might be receiving mortgage relief due to the crippling effects of coronavirus. It’s only been… Read More »Nearly 3 Million Homeowners Already Receiving Mortgage Forbearance
The current solution for those struggling to make mortgage payments due to COVID-19 is mortgage forbearance. It allows homeowners to “pause” mortgage payments for anywhere… Read More »Could a Cash Out Refinance Be a Better Solution Than Mortgage Forbearance?
The nation’s top retail mortgage lender just knocked it out of the park, despite the ongoing coronavirus pandemic. Quicken Loans CEO Jay Farner was on… Read More »Quicken Loans Just Had Its Biggest Month in History
The so-called “coronavirus checks” have begun to hit Americans’ bank accounts this week, providing relief to those whose income has been curtailed or completely cut.… Read More »Stimulus Checks Barely Make Dent in Mortgage
Well, another week has gone by, and with that a new wave of mortgage forbearance requests. The total number of home loans now in forbearance… Read More »Mortgage Forbearance Rate Worsens, But Most Probably Won’t Lose Their Homes
Following in the footsteps of many other mortgage lenders of late, JP Morgan Chase has upped its minimum requirements to get a home loan. Once… Read More »Chase Now Requires a 700 FICO and 20% Down to Get a New Mortgage
