Indiana Governor Eric Holcomb has signed an executive order putting a block on evictions and foreclosures. The executive order cites layoffs and loss of work income.The order does not give an end date, saying it will be in place until the state of emergency has been lifted. It says the order does not relieve people …
Indiana Governor Stops Foreclosures and Evictions Read More »
Applications for m0rtgages to purchase homes were down 24 percent in the last week of March compared with a year earlier, reports the Mortgage Bankers Association seasonally adjusted index. Compared with a week earlier, applications were down 11 percent. There are several factors driving down purchase mortgage applications. The “stay at home” orders in many …
State Sen. Michael Gianaris, who represents western Queens, has proposed a bill that would offer 90 days of rent relief for both residential tenants and small businesses that have lost income or been forced to close because of state-ordered restrictions issued in response to the coronavirus outbreak. The rent would be completely waived rather than deferred. …
Will New York Cancel Rents and Commercial Mortgage Payments? Read More »
We have some more guidance on the SBA loans since President Trump signed it into law last night. You can apply for a low interest economic injury loan for up to $2,000,000 on sba.gov. However, what was passed yesterday is a different type of loan that is aimed at small businesses and seeing that they …
The Nebraska Supreme Court said Monday that it does not have the power to halt evictions, despite calls from legal and community groups to give renters a break due to the current coronavirus outbreak. Eviction hearings are governed by state law, not the state’s highest court, the court said in a statement. Now is not the time …
As the novel coronavirus hammers the global economy, lawmakers and housing advocates are calling for a national moratorium on evictions and foreclosures while cities on each coast have started taking their own actions. Miami and San Jose, Calif., have temporarily stopped all evictions in light of the pandemic, and several other cities, including San Francisco …
Calls mount for U.S. to halt foreclosures, evictions Read More »
Whether you’re a new investor or have been in the game for a while, you might be uncertain of real estate note investing because of what you have heard. Here are facts to dispel just some of the many myths surrounding this niche of real estate investing. Myth #1: “You need a lot of money.” …
Borrowers who are unable to make their monthly mortgage payments due to COVID-19, also known as the coronavirus, have options to postpone payments, according to a new statement released by the Federal Housing Finance Agency. FHFA Director Mark Calabria reminded mortgage servicers this week to offer forbearance options to those who are affected as the …
Mortgage Forbearance Options Available to Owners Affected by Coronavirus Read More »
Published by U.S. News > Money on December 3, 2019 People who want to invest in real estate but don’t want to be landlords might consider buying mortgage notes. The loans that borrowers take out to purchase a property are mortgage notes. Banks or lending institutions make the loans, and often these entities will sell …
By Diana Olick Published March 6, 2020 by CNBC The average rate on the 30-year fixed mortgage fell to a record low of 3.29%, Freddie Mac reported last week. That’s down from the previous low of 3.31% in November 2012, in the wake of the financial crisis. Fears of the coronavirus hitting financial markets have …
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