The Federal Housing Finance Agency announced Thursday that it is extending a moratorium on foreclosures and evictions for mortgages backed by Fannie Mae and Freddie Mac until at least June 30. Originally, the moratorium was set to expire May 17, but the FHFA decided to change course as the nation continues to feel the economic …
Fannie, Freddie Extend Ban on Evictions, Foreclosures Read More »
by Fuquan Bilal The coronavirus has clearly had a massive impact on our daily routines and the overall economy. What will it mean for the mortgage lending industry? Banks on the Run Despite once again being among those receiving the most in bailout funds, they, as usual, don’t seem to have any intention of passing …
The Virus Impact on the Mortgage Lending Industry Read More »
Next to collecting rent, protecting your investment is one of the most important things you can do as a landlord. Requiring renters insurance is a step that not many DIY landlords take, but is one that may prove to be the protection that your property needs. Even if you do your best to ensure that your …
Why All Landlords Should Require Tenants to Purchase Renters Insurance Read More »
Vacation rental owners nationwide are dealing with the impact of the coronavirus while their properties sit empty. Jenn Cook has two rental properties in Florida that were booked into the summer season before the pandemic began. “I mean, pretty much all of our pending reservations, canceled, every single one of them. As soon as they started to …
Vacation rental owners say there’s ‘no light at the end of tunnel’ amid coronavirus Read More »
“Many Airbnb hosts are desperate to sell properties, say real-estate brokers like Greg Hague, who runs a Phoenix real-estate firm. “There’s been a flood of people. You have people coming to us saying, ‘I’m a month or two away from foreclosure. What’s it going to take to get it sold now?’ ” he said. That …
Breakdown of the Airbnb Eeconomy Could Strain Lenders & Undermine Property Values Read More »
James Jeffrey Hinkeldey of Scottsale, AZ is serving 30 years in prison for an $18 million real estate investment fraud scheme. The Ninth Circuit US District Court upheld the 2018 sentence Friday, April 24. Hinkeldey, 66, defrauded 225 victims of at least $18 million and was convicted of conspiracy, wire and mail fraud, money laundering …
30-Year Prison Term Upheld For Man Behind $18M RE Fraud Read More »
The stimulus package aids renters in unprecedented ways such as moratoriums on evictions even if rent is not paid. But there is a void about what this means for rental home owners. These owners depend on timely rent payments in order to cover expenses such as property taxes, mortgages, insurance, HOA fees, repair and maintenance …
Landlords Left in the Lurch Without Rent Payments Read More »
The coronavirus shutdown has hit the real estate market hard with new listings plunging this year during what should be the peak season for home shopping. New home listings were down 27% nationwide in the first week of April compared to a year ago, with the cities of Detroit, Pittsburgh and New York most affected …
In the last year, Opportunity Zones have been the center of many conversations for those involved in commercial real estate. Opportunity Zones mark the latest way of helping investors save on taxes, while also aiding to advance the economic fabric of an underdeveloped community. The Opportunity Zone program was established in the Tax Cuts and Jobs Act of 2017. …
April 24, 2020 – More than 3.4 million American mortgage borrowers are now in forbearance—essentially hitting the pause button on their monthly payments for the foreseeable future. According to the latest data from financial data firm Black Knight, that’s up from 2.9 million one week ago. In total, 6.4% of all U.S. mortgage loans are …
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