Published by REALTOR.com | November 2, 2020 While freelancing undoubtedly has its perks, helping you get a mortgage is not one of them. The gig economy has blown up in the past few years, with more and more people choosing to work as freelancers, either by starting their own businesses, or by picking up non-salaried …
Self-Employed and Applying for a Mortgage in the COVID Era Read More »
Originally published by REALTOR Magazine | December 4, 2020 This is the fourth time that the FHFA has extended protections to homeowners. The Federal Housing Finance Agency has extended its foreclosure and real estate owned eviction moratoriums for borrowers with Fannie Mae or Freddie Mac-backed mortgages until at least Jan. 31, 2021. The protections were …
FHFA Extends Foreclosure, REO Eviction Moratorium to Jan. 31, 2021 Read More »
Originally published by REALTOR Magazine | December 4, 2020 Tight housing inventories across the country mixed with strong buyer demand are causing home prices to quickly appreciate. Home buyers are taking on bigger mortgages as they compete in a fierce housing market and face higher home prices. The average home purchase loan amount reached $375,000 …
Originally published by REALTOR Magazine | October 30, 2020 “Zombie foreclosures” refer to homes that have been vacated by homeowners prior to a foreclosure being completed. Abandoned foreclosures labeled as “zombies” still haunt some housing markets even as moratoriums to stop home seizures during the pandemic remain in effect. While the number of “zombie foreclosures” has …
Zombies Lurk in Real Estate, Even With Safety Nets in Place Read More »
Originally published by REALTOR Magazine | October 28, 2020 Saks at Miami mall, Midtown Manhattan retail property become foreclosure targets As the pandemic presses on, lenders are looking to delinquent mall owners to meet their payment obligations. This spring, lenders at first showed some willingness to allow rent deferrals or other concessions for mall owners …
Mall Stakeholders Square Off Over Missed Payments Read More »
Published by DSNews on September 28, 2020 As we enter the home stretch of 2020, many are speculating what the final months of the year will hold. This has been a year full of unexpected developments and questions with no easy answers. As we enter the home stretch of 2020, many are speculating what the …
Published by Realtor Magazine on October 20, 2020 Home prices were 12.2% higher for the week ending Oct. 10 than they were a year ago, Realtor.com® data shows. Double-digit price increases for homes are not exactly what most people in real estate predicted to occur in a recession. But could low mortgage rates—the 30-year fixed-rate …
Are Low Mortgage Rates to Blame for High Home Prices? Read More »
Published by Housing Wire on July 15, 2020 Overall delinquent mortgages at four-year high In April 2020, 6.1% of mortgages were delinquent by at least 30 days or more, marking the nation’s highest overall delinquency rate since January 2016, according to a report by CoreLogic. Delinquent mortgages included the 0.3% foreclosure inventory – the lowest foreclosure …
Early-stage mortgage delinquencies rate hit highest level in 21 years Read More »
Published by Forbes on October 8, 2020 It seems there’s a communication issue with some of America’s struggling homeowners. According to a new report, around 400,000 U.S. homeowners have become “needlessly delinquent” on their mortgage loans, despite qualifying for a payment-free forbearance plan. Under the CARES Act, homeowners with a federally-backed mortgage can hit pause on …
Forbes: Despite Option To Pause Payments, 400,000 Homeowners Fall Behind Read More »
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