Tag Archives: mortgage

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 →

Fannie Mae, Freddie Mac ease appraisal standards amid coronavirus

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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 →

Major banks agree to mortgage grace period in California

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Gov. Gavin Newsom announced Wednesday that Wells Fargo, Citibank, JP Morgan and U.S. Bank would give homeowners a 90-day grace period. Continue reading →

Major banks agree to mortgage grace period in California

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Gov. Gavin Newsom announced Wednesday that Wells Fargo, Citibank, JP Morgan and U.S. Bank would give homeowners a 90-day grace period. Continue reading →

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

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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 →