Tag Archives: mortgage

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 →

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 →