Tag Archives: Banking & Lending

Real Estate scores $10.7B as small business loan program runs out of gas

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Real estate businesses collectively won about 3.14 percent of the total funding lawmakers set aside to save small firms during the pandemic. 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 →

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 →

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 →

How to get a loan and save your business during the pandemic

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In a bill passed last week, lawmakers provided for some serious financial aid for small businesses such as real estate brokerages. Continue reading →

What are the benefits and risks of alternative financing?

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Find out what products real estate pros are using to help their buyers buy — and what to watch out for if you choose an alternative finance option. Continue reading →

Real estate agents: Stop advertising mortgage rates

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Given the recent volatility with mortgage interest rates, real estate agents need to remember best practices in regards to advertising, which can include posting about rates on social media. Here are a few things to keep in mind so that you don’t get y… Continue reading →

Young family loses life savings of $775K in escrow wire fraud scam

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A couple with a 1-year-old son are urging homebuyers to exercise caution after losing nearly $800,000 in a complicated escrow scam. Continue reading →

Pulse: What’s your biggest fear as financing evolves?

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Disruption has long been a buzzword in the industry. As Residential Finance Month comes to a close on Inman, we’re wondering how you’re feeling about the new models emerging and where an agent’s place is in all of this change. Continue reading →