The share of mortgages in forbearance dropped below 5% in March for the first time since the beginning of the pandemic, as homeowners resuming their payments continued to outnumber new requests for relief for the fourth week in a row. Continue reading
Self-employment has advantages, notably the home office deduction and eliminating commute time. Getting a mortgage, however, is not one of them. Here are a few tips that address the newly stiffened requirements for approval. Continue reading
The overall decline of mortgage loans in forbearance was led by Ginnie Mae loans, which dropped by 7 basis points from the previous week to 7.28 percent of loans in forbearance. Continue reading
The average rate on a 30-year fixed-rate mortgage could hit 2.9 percent in 2021, according to Fannie Mae’s April housing forecast. Continue reading
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 federal mortgage servicers recently joined Fannie Mae and Freddie Mac in offering alternatives to traditional appraisals and employment verifications. Continue reading
The federal loan servicers announced an adjustment of long-held appraisal and employment verification standards in order to help facilitate mortgages amidst the COVID-19 outbreak. Continue reading
National home prices rose 0.3 percent in January and 5.2 percent year-over-year, according to the latest data by the Federal Housing Finance Agency. Continue reading
National home prices rose 0.3 percent in January and 5.2 percent year-over-year, according to the latest data by the Federal Housing Finance Agency. Continue reading
The move by Fannie Mae and Freddie Mac came days after President Trump announced that delayed mortgage payments may be an option for borrowers amidst the coronavirus pandemic. Continue reading