Mortgage Applications Up 54% Since Early April
BY BRAD BECKETT ON MAY 28, 2020
With interest rates at all-time lows, CNBC's Diana Olick is reporting that mortgage application numbers have risen 54% since early April, which she also says marks the first annual increase since the Coronavirus pandemic. Click here to read more.
Read moreWhy Requiring Renter's Insurance is a Pro Landlord Move
BY BRAD BECKETT ON MAY 12, 2020
In a recent episode of the Rent Perfect podcast, David Pickron talks about the importance of requiring renters insurance in rental leases. He says many landlords miss the mark by not requiring their tenants to have a Renters Insurance policy. Click here to read more.
Read moreFHFA Extends Foreclosure and Eviction Moratorium
BY BRAD BECKETT ON MAY 14, 2020
The Federal Housing Finance Agency (FHFA) announced in mid-May that they are extending their moratorium on foreclosures and evictions until at least June 30, 2020. The foreclosure moratorium applies to Enterprise-backed (Fannie Mae & Freddie mac), single-family mortgages only. Click here to read more.
Read moreForeclosure Activity Hits Historic Lows
BY BRAD BECKETT ON MAY 20, 2020
According to ATTOM Data, there were 4,148 U.S. properties with foreclosure filings in April, down 70% from March and down 75% from one year ago. That equates to one in every 9,639 properties receiving a foreclosure filing during April. Click here to read more.
Read moreMost Buyers Want a Home Office
BY BRAD BECKETT ON MAY 19, 2020
With the Coronavirus pandemic forcing people to work from home (if they're able) the number-crunchers over at the NAHB's Eye on Housing reexamined some data. They took another look at the 2018 NAHB's consumer preference study (the most recent available), What Home Buyers Really Want and discovered that 65% of home buyers wanted a home office. Click here to read more.
Read morePoisonous Plants That Can Ruin Your Summer
BY BRAD BECKETT ON MAY 1, 2020
Infographic: Did you ever hear the old rhyme, "leaves of three, let it be?" Today's infographic reminds us that as warmer weather approaches, and landscaping moves to the forefront, we need to be mindful about what else might be growing around your property. Click here to read more.
Read moreZillow Sees Increased Online Home Shopping Activity
BY BRAD BECKETT ON APRIL 29, 2020
Zillow says that after experiencing a mid-march decline in searches as the pandemic rolled into full effect, they are now reporting renewed interest in home searching as they say Americans have adapted to a temporary normal. Click here to read more.
Read moreEmbrace the Opportunity
BY JANE GARVEY ON APRIL 28, 2020
Change happens and we can benefit from it if we can learn to embrace the opportunity to transition to a new routine. It is not what life deals us that counts, it's what we make out of it. Click here to read more.
Read moreMortgage Delinquencies See First-Ever March Increase
BY BRAD BECKETT ON APRIL 27, 2020
Black Knight is reporting that mortgage delinquencies saw their first-ever March increase resulting from the Coronavirus pandemic early impact. In addition, they report that both the national foreclosure and 90-day delinquency rates set new record lows in March - which they say is a lingering reminder of the market's strength heading into the pandemic. Click here to read more.
Read moreFHFA Announces 4-Month Advance Obligation Limit for Loans in Forbearance
BY BRAD BECKETT ON APRIL 22, 2020
The Federal Housing Finance Agency (FHFA) recently announced the alignment of Fannie Mae's and Freddie Mac's (the Enterprises) policies regarding servicer obligations to advance scheduled monthly principal and interest payments for single-family mortgage loans. In other words, once a servicer has advanced four months of missed payments on a loan, it will have no further obligation to advance scheduled payments. Click here to read more.
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