Mortgages 11 | Paper Source Online

Omar Pitches National Cancellation of Rent and Mortgage Payments Until April 2022

Covid-19, Mortgages, Rental Property / By W. J. Mencarow

Published by The Washington Examiner | March 11, 2021 Rep. Ilhan Omar (D-MN) introduced a bill that seeks to cancel rent and mortgages nationwide through the duration of the coronavirus pandemic. The Rent and Mortgage Cancellation Act would allow for full payment forgiveness, with no accumulation of debt for renters or homeowners and no negative impact on …

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Mortgage Rates Tick Up Over 3 Percent, Dealing Home Buyers Another Blow

Interest Rates, Mortgages / By W. J. Mencarow

Published by REALTOR.com | March 4, 2021 It looks like the era of cheap loans may be coming to an end. For the better part of a year, one bright spot for home buyers in this hypercompetitive market of record-high prices and a record-low number of homes for sale has been mortgage interest rates, which …

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TX Federal Judge Rules That National Eviction Moratorium is Unconstitutional

Mortgages / By W. J. Mencarow

Published by Yahoo! News | February 26, 2021 Barker sided with the landlords and property owners, saying the national moratorium encroached on states’ rights. A federal judge has ruled that the national moratorium on evictions instituted by the Centers for Disease Control and Prevention is unconstitutional. U.S. District Judge John Barker did not issue an …

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Borrowers With Fannie Mae, Freddie Mac Mortgages Can Get Additional Forbearance

Mortgages / By W. J. Mencarow

Originally published by REALTOR.com | February 10, 2021 Homeowners must already be in forbearance on their mortgage by Feb. 28 to qualify for the three-month extension. The Federal Housing Finance Agency is extending the length of time that borrowers can be in a COVID-related forbearance on mortgages back by Fannie Mae and Freddie Mac. Originally, …

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Political Power Shift Could Generate Changes in the U.S. Luxury Housing Market

Mortgages / By W. J. Mencarow

Originally published by REALTOR.com | February 16, 2021 Political actions have both a direct and an indirect impact on the housing market. There’s a new political party in charge in Washington, D.C., one that hopes to make some big changes in the U.S. economy, including tax reform. While the initial priorities of the Biden administration …

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President Biden extends mortgage relief, ban on home foreclosures through June

Mortgages / By W. J. Mencarow

Published by USA Today on February 16, 2021 The foreclosure moratorium was set to expire March 31 and is now in place through June 30. President Joe Biden on Tuesday extended a ban on home foreclosures for federally backed mortgages by three months and expanded a mortgage relief program in a push to stabilize the nation’s housing affordability crisis amid the COVID-19 pandemic. The foreclosure moratorium was set to …

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Housing Supply, Affordability Key in 2021

Mortgages / By W. J. Mencarow

Published by FloridaRealtors.org | February 4, 2021 ORLANDO, Fla. – Homebuilding experienced “a surprise year of growth” in 2020 despite the pandemic, but new home construction this year will be constrained by supply-side factors like higher lumber costs, a shortage of lots and regulatory issues, according to Dr. Robert Dietz, chief economist and senior vice president …

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Large Notes, Small Money — And Astronomical Yields

Mortgages / By W. J. Mencarow

By Tom Henderson | January 21, 2021 At least once a month I am asked how to get started in notes with small amounts of money. When you learn the concepts of the time value of money you do not need to wait for the smaller notes, because you are empowered to use other people’s …

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This Is the Best Time of Year to Get a Mortgage

Interest Rates, Mortgages / By W. J. Mencarow

Originally published by REALTOR.com | January 27, 2021 If you’re playing the waiting game with mortgage rates, you may not want to wait much longer. A new study from Haus, the home-finance startup created by Uber co-founder Garrett Camp, examined what role seasonality, loan size, credit scores and other factors play in the mortgage rates that lenders …

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Biden to Extend CDC Moratorium on Evictions and Foreclosures

Mortgages, Rental Property / By W. J. Mencarow

Originally published by Bloomberg | January 20, 2021 The order calls for the moratorium, set to expire at the end of this month, to be extended through at least March 31. President Joe Biden plans to extend bans on home evictions and foreclosures imposed last year to mitigate the dual economic and health crises spurred …

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