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
Today we’ll take a hard look at Citizens Bank Mortgage, which is operated by one of the oldest and largest banks in the United States… Read More »Citizens Bank Mortgage Review: Digital Process and a Smartphone App
While it’s hard to compare the current possible housing crisis to the very real one experienced about a decade ago, there are fears of negative… Read More »Which Housing Markets Are Most at Risk From COVID-19?
While estimates have ranged from two million to 12.5 million, we’re now getting our first clues as to just how many homeowners will request mortgage… Read More »Number of Mortgages in Forbearance Jumps Nearly 1000%
At this point, most homeowners have probably heard of the CARES Act and its massive 12-month forbearance option for those with federally-backed mortgages. It sounds… Read More »How Is Mortgage Forbearance Paid Back? Lump Sum Now or Never?
In yet another sign that the mortgage market is completely volatile and far from liquid, top mortgage lender Wells Fargo has severely tightened its jumbo… Read More »Wells Fargo Will Only Give You a Jumbo Loan If You Have $250k in Their Bank
