Tag Archives: mortgage

Mortgage credit availability decreased 16.1% in March

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The Mortgage Bankers Association said the decrease is due to stricter lending standards and increased likelihood of loan forbearance and defaults. Continue reading →

About half of US small businesses have not paid full April rent

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About 30 percent of survey respondents said they did not make a rent or mortgage payment in April and 20 percent said they made a partial payment, according to a poll by Alignable. Continue reading →

Stimulus package could create ‘chaos’ in mortgage industry

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A coalition of real estate and banking trade groups is calling on Congress to help banks with liquidity as they allow homeowners to forbear their mortgage payments. Continue reading →

Wells Fargo suspends jumbo mortgages as demand fades

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In an unpredictable market, demand for jumbo mortgages is declining as more homeowners seek forbearances and investors look to more secure loans. Continue reading →

The Real Word: How fear and uncertainty is changing the mortgage industry

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Watch Byron Lazine and Nicole White give a real estate agent’s perspective on industry-related topics. This week, they discuss changes in mortgage guidelines and other ways the real estate market is reacting to uncertainty. Continue reading →

Ways to Bolster Your Finances Due to the Coronavirus

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The coronavirus outbreak, we know, is a health crisis and a national economic crisis. It’s also, for many Americans, a personal-finance crisis. Many of us, especially those in our 50s or 60s, are now very worried about our money due to the pandemic. Th… Continue reading →

FHA and VA latest mortgage servicers to relax standards

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The federal mortgage servicers recently joined Fannie Mae and Freddie Mac in offering alternatives to traditional appraisals and employment verifications. Continue reading →

Digital mortgage lender Better.com to hire laid off hospitality workers

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The company is aiming to hire 1,000 additional workers this year and wants to pull from the industry hit hardest by coronavirus-fuled layoffs. Continue reading →

Housing protections in the stimulus bill explained

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The 880-page bill signed into law by Trump on Friday includes credit protections, foreclosure moratoriums and forbearance on some mortgages. Continue reading →