7 things your first-time buyer should know about getting a loan right now
Ohio-based loan officer Breon Price shares what your first-time buyers can do to increase their chance of approval despite tighter lending standards amid the coronavirus pandemic
by Marian McPherson May 14
Mortgage loans in forbearance surged to 7.91% in last week of April
The total number of mortgage loans in forbearance increased from 7.54% of servicers' portfolio volume. Ginnie Mae held the largest share of loans in forbearance
by Lillian Dickerson May 12
$1,200 stimulus check made little difference for renters, owners
According to Apartment List's latest study, the nonpayment rate for stimulus check recipients was only 3 percent lower than for those who didn't receive the payment
by Marian McPherson May 7
Mortgage purchases jump 6%
The 30-year, fixed-rate mortgage hit 3.4% last week, a record low for the Mortgage Bankers of America survey
by Patrick Kearns May 6
Qualia teams up with real estate software maker LemonBrew
Qualia's technology will help LemonBrew offer more digital services — something that has never been in more demand
by Jim Dalrymple II May 6
Mortgage activity uptick could signal buyers are returning
Thirty-year, fixed-rate mortgages fell to 3.43%, from 3.45% last week, marking a historic new low, according to the Mortgage Bankers Association
by Patrick Kearns Apr 29
NAR calls on FHA to resist premium increases on borrowers
In a letter to the Federal Housing Administration, NAR President Vince Malta said home sale transactions can buoy economic recovery
by Patrick Kearns Apr 27
Could coronavirus mortgage payment relief spell trouble for the industry?
Opinion
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
by Shane Spink Apr 17
6 things homeowners need to know about mortgage forbearance plans
The Mortgage Bankers Association's Sara Singhas explained how mortgage forbearance and repayment works and what homeowners should do if they need more time
by Marian McPherson Apr 10
Mortgage rates remain flat but could go lower this year
The average rate for a 30-year, fixed-rate mortgage is at an all-time low, but it could drop further if the economy stabilizes
by Patrick Kearns Apr 9
About half of US small businesses have not paid full April rent
About 30% of survey respondents said they did not make a rent or mortgage payment in April, and 20% said they made a partial payment, according to a poll by Alignable
Stimulus package could create 'chaos' in mortgage industry
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
by Patrick Kearns Apr 6
FHA and VA latest mortgage servicers to relax standards
The federal mortgage servicers recently joined Fannie Mae and Freddie Mac in offering alternatives to traditional appraisals and employment verifications
by Lillian Dickerson Mar 31
Digital mortgage lender Better.com to hire laid off hospitality workers
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
by Patrick Kearns Mar 30
Major banks agree to mortgage grace period in California
Gov. Gavin Newsom announced Wednesday that Wells Fargo, Citibank, JP Morgan and U.S. Bank would give homeowners a 90-day grace period
by Jim Dalrymple II Mar 25