COVID-19 Mortgage Forbearance: What To Know Before You Delay Payment
Millions of individuals and families across the country are facing financial hardships during the coronavirus crisis. The Coronavirus Aid, Relief, and Economic Security Act, commonly referred to as the CARES Act, permits forbearance requests of three to twelve months on...
Mortgage Update | Keeping Business Moving Forward
As the lending industry continues to change, we will keep you updated with the most current information.
Where Are We Now?
All qualified loan products, including Fannie Mae and Freddie Mac, FHA, and VA, are doing business as usual and closing on time. These loans are liquid...
Mortgage News | Covid-19 Payment Relief for Homeowners
The federal government and states announced protection for homeowners experiencing difficulty in making their mortgage payments due to the coronavirus. These options protect homeowners from damaging their credit score and the risk of foreclosure.
These policies are targeted...
Mortgage Update | Qualified Mortgage Products Moving Forward
Recently portfolio lenders became very aggressive with low interest rate offerings, low down payment requirements (only 10% down), and aggressive underwriting.
All that ended last week when the investors for those loans withdrew from the market.
WHAT YOU NEED TO KNOW...THE FED RATE VS. MORTGAGE RATES
We have had several requests from both real estate agents and clients asking us to explain the difference between the Fed Funds Rate that went below 1% and 30-year fixed-rate mortgage loans.
The Fed Funds Rate is the interest rate banks charge each other to lend Federal...