Tag Archives: mortgage

Young buyers disproportionately impacted by economic fallout

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According to Down Payment Resource’s latest report, millennials and Gen-Zers were on track to hit their homebuying peak before April’s record layoffs. Continue reading →

How curbside closings are keeping the market moving

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Due to the onset of COVID-19, real estate is becoming the next big business to leverage the efficiency and convenience of drive-thru deals known as curbside closings. Here’s a look at how various parts of the transaction are coming together to get the … Continue reading →

Don’t be a stealth agent! Even during the COVID-19 crisis

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Make it a priority in your daily schedule to connect with current and past clients as well as everyone in your sphere of influence. Continue reading →

JP Morgan Chase temporarily terminates HELOC loan offering

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Chase Home Lending Chief Marketing Officer Amy Bonitatibus said the change would help Chase better focus on “existing customers.” Continue reading →

The deal is digital: A guide to handling it online from lead to close

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The fax machine is finally put to rest. With the onset of e-closing platforms and RON, the real estate sales cycle is 100 percent online, mobile and in the cloud. Here’s a quick list of vendors for each phase of the deal. Continue reading →

32% of first-time buyers get financial help from a relative or friend: NAR

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Limited income was the most cited factor holding back non-homeowners from saving, according to a new survey by the National Association of Realtors. Continue reading →

Could coronavirus mortgage payment relief spell trouble for the industry?

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A provision of the CARES Act allows for mortgage payment relief to help struggling families, but it could have an unintended negative effect on the real estate industry. Continue reading →

Banks can now delay appraisals for up to 120 days after closing

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In addition to allowing lenders to delay appraisals for up to 120 days after closing, the temporary rule also allows for desktop appraisals and other forms of assessment flexibility. Continue reading →

6 things homeowners need to know about mortgage forbearance plans

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The Mortgage Banker Association’s Sara Singhas explained how mortgage forbearance and repayment works and what homeowners should do if they need more time. Continue reading →