While lots of lenders have recently cut back on offerings that aren’t backed explicitly by the government, some are rolling out new loan programs to… Read More »Despite COVID-19, You Can Still Get a Jumbo Home Loan
We’ve finally got some clarity regarding what happens after mortgage forbearance in terms of obtaining a subsequent home loan. The Federal Housing Finance Agency (FHFA),… Read More »There Will Be a 3-Month Waiting Period to Get a Mortgage After Forbearance
Maybe there’s some good news out there, or maybe it’s just the calm before another storm. The mortgage forbearance rate barely budged during the week… Read More »Mortgage Forbearance Rate Only Rises 3% From a Week Ago, But Second Wave Could Be Coming
Well that didn’t take long – demand to buy a home is now back above its so-called “pre-coronavirus levels,” per a new analysis from real… Read More »Home Buyer Demand Bounces Back, Small Towns Become Hot
The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac have launched a new payment deferral option in light of the… Read More »Payment Deferral Will Be an Option to Repay Mortgage Forbearance
Since the CARES Act rolled out in early April, more than four million Americans have reportedly put their mortgage payments on hold for up to… Read More »Will Forbearance Prevent You from Getting a Mortgage in the Future?
Here’s a good sign mortgage rates might be moving even lower than they already are. Pontiac, Michigan-based United Wholesale Mortgage (UWM), which refers to itself… Read More »It’s Now Possible to Get a 1.99% Mortgage Rate on a 30-Year Fixed
The mortgage forbearance rate increased again last week, rising to 7.91% from 7.54% a week earlier, per the Mortgage Bankers Association (MBA). That marked the… Read More »Mortgage Forbearance Rate Up Near 8%, Housing Assistance Fund Proposed
It’s time to take a look at how COVID-19 could impact home prices given the massive disruption to the local, state, national, and global economy.… Read More »Home Prices vs. COVID-19: Will They Go Up or Down?
The mortgage forbearance rate worsened yet again compared to last week, though as expected the increase has slowed as the pool of borrowers grows larger.… Read More »Nearly 4 Million Homeowners Now in Mortgage Forbearance Plans, Servicers May Get $500 Payments
