Mortgages

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 …

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

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 …

Housing Supply, Affordability Key in 2021 Read More »

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 …

Large Notes, Small Money — And Astronomical Yields Read More »

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 …

Mortgage Amounts Surge to Record Highs Read More »

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 »