FHA and VA latest mortgage servicers to relax standards

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

Fannie Mae, Freddie Mac ease appraisal standards amid coronavirus

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

Homeowners may delay mortgage payments up to 1 year due to virus

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

Trump administration announces halt on foreclosures and evictions

For now, evictions and foreclosures will be placed on a moratorium until the end of April. Continue reading

Inman News quiz, March 13: Think you’re on top of the week’s stories?

The real estate industry threw some curveballs. Take Inman’s real estate news quiz to demonstrate how strong your talking points and cocktail banter are this week.
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30-year mortgage rates hit lowest point in 50-year history

The average 30-year mortgage hit an all-time low of 3.29 percent this week, according to data from Freddie Mac. Continue reading