The mortgage forbearance rate increased again last week, rising to 7.91% from 7.54% a week earlier, per the Mortgage Bankers Association (MBA). That marked the… Read More »Mortgage Forbearance Rate Up Near 8%, Housing Assistance Fund Proposed
It’s time to take a look at how COVID-19 could impact home prices given the massive disruption to the local, state, national, and global economy.… Read More »Home Prices vs. COVID-19: Will They Go Up or Down?
The mortgage forbearance rate worsened yet again compared to last week, though as expected the increase has slowed as the pool of borrowers grows larger.… Read More »Nearly 4 Million Homeowners Now in Mortgage Forbearance Plans, Servicers May Get $500 Payments
While some have complained that the mortgage forbearance program under the CARES Act is far too liberal, a new report claims some loan servicers aren’t… Read More »Loan Servicers Accused of Providing Unclear and Dated Mortgage Forbearance Information
Today we’ll review NewDay USA, a mortgage lender that is geared specifically toward veterans and active duty military. Like other mortgage companies, they offer both… Read More »NewDay USA Mortgage Review: A Mortgage Company Designed for Veterans
Here we go again – the latest Forbearance and Call Volume Survey from the Mortgage Bankers Association’s (MBA) revealed that the total number of loans… Read More »Mortgage Forbearance Rate Hits 7%, Fannie/Freddie May Offer Partial Claim to Repay
While it’s becoming easier to compare the housing bust that sparked the Great Recession with today’s uncertain climate, the two just aren’t the same. You’re… Read More »12 Reasons Today’s Housing Market Is Not the Great Recession All Over Again
It’s Monday and I’ve got some good news for homeowners regarding mortgage forbearance. This morning, the Federal Housing Finance Agency (FHFA) announced, or rather reiterated,… Read More »FHFA Says No Lump Sum Due Once Mortgage Forbearance Ends
Back in early 2018, Quicken Loans proclaimed it was the largest mortgage lender in the country, thanks to a solid fourth quarter in 2017. It… Read More »Quicken Loans Officially the Biggest Mortgage Lender in the Country
While the first quarter was booming for many mortgage lenders (see Quicken’s record month), the second quarter and beyond might be a different story as… Read More »It’s Going to Be Harder to Get a Mortgage Thanks to COVID-19
