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
Quick mortgage tip: “How do I know if Fannie Mae or Freddie Mac owns my mortgage?” One of the key requirements to getting approved under… Read More »How Do I Know If Fannie Mae or Freddie Mac Owns My Mortgage?
Housing supply was bad before the coronavirus epidemic reared its ugly head, and now it has gotten even worse, per new data from real estate… Read More »Real Estate Delistings Increase 148% From a Year Ago as COVID-19 Impact Grows
You may (or may not) have heard that the CARES Act is allowing a huge chunk of homeowners to request forbearance for six to 12… Read More »Generate a Mortgage Forbearance Request Letter with This Free Tool
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
