It’s the first of the month, and with that comes fear and uncertainty that both homeowners and renters won’t be able to make payments due… Read More »How Many Homeowners Are Expected to Miss Mortgage Payments Due to Coronavirus?
So I received an unmarked piece of mail the other day, and whenever that happens, I know it’s going to contain some kind of nonsense.… Read More »I’ve Been Offered the Opportunity to Skip Two Mortgage Payments
As reported earlier this week, some important pieces of the home loan process have been disrupted by the ongoing and seemingly intensifying coronavirus epidemic. One… Read More »Clear Capital’s New OwnerInsight Tool Lets Homeowners Fill in Appraisal Gaps
To further complicate the complicated mortgage relief picture surrounding the coronavirus outbreak, Fannie Mae and Freddie Mac have released their new “payment deferral” option early.… Read More »Fannie Mae and Freddie Mac Roll Out New Payment Deferral Option
California Governor Gavin Newsom has announced a “major financial relief package” that gives homeowners in the Golden State a three-month mortgage reprieve. Those who have… Read More »California Homeowners Now Eligible for 90-Day Mortgage Payment Relief Due to Coronavirus
A group of mortgage industry heavyweights have sent a letter to the Federal Reserve, HUD, FHFA, CFPB, Treasury Department, and the White House advocating for… Read More »Streamlined Mortgage Relief Program Could Mean No Payments for 12 Months
Quicken Loans told customers certain parts of the loan process “can’t proceed” in areas of the country affected by shelter-in-place orders. Specifically, they said home… Read More »Quicken Loans Warns Some Parts of Loan Process May Not Proceed Due to Shelter-in-Place
The real estate market carnage continues with all the major iBuyers pausing home purchases thanks to the coronavirus. Zillow Offers Pauses Purchases This morning, Zillow… Read More »Top iBuyers Stop Buying Homes: Zillow, Redfin, Opendoor Purchases All on Hold
Here comes the mortgage assistance! I honestly thought I wouldn’t be writing about this sort of stuff anytime soon, but here we are. It feels… Read More »Bank of America, Ally Home, Quicken Loans, Wells Fargo Offer to Defer Mortgage Payments Due to Coronavirus
CARES Act permits 6-12 month forbearance for mortgage payments on federally-backed home loans HUD has announced a foreclosure and eviction moratorium for single family homeowners… Read More »Mortgage Lenders Now Providing Payment Relief Due to Coronavirus
