The Department of Veterans Affairs allows desktop appraisals when borrowers put 20% down, but nearly 90% of VA-backed loans are made to homebuyers who put zero down
Analysts say unemployment will continue to be an ongoing issue even as the pandemic subsides
The new law is a 'game-changer' for thousands of members who support states' pandemic response, as they will now have access to zero-down-payment mortgages
Active COVID-19-related forbearance volumes declined by a net 34,000 for the week ending on June 2, the first weekly decrease since the CARES Act went into effect
For now, evictions and foreclosures will be placed on a moratorium until the end of April
Loan approvals and mortgages could be delayed, but experts think the housing market would bounce back.
Increased rates could decrease the number of qualified buyers as well as sales prices
RMK Financial’s marketing falsely claimed mortgage products were endorsed by VA and FHA, bureau says