The new mortgagee letter recognizes borrowers impacted by COVID-19 that met all requirements set forth by the Administration before the pandemic.
Read More »Housing ‘Likely’ Hit Low Point
Forecasts show signs of recovery in April with strengthening possible in May. Home prices, however, hit a new all-time high.
Read More »Millennial Refinances Hit All-Time High
However, the time to close on all loans rose due to increased volumes for lenders.
Read More »Commissioner Montgomery: Preparation, Mitigation Occur Before Disasters
HUD’s Deputy Secretary The Hon. Brian D. Montgomery was one of the many industry leaders discussing natural disasters and responses during Five Star’s Virtual Disaster Preparedness Symposium.
Read More »Homebuying is Going Virtual
Click through to read about the number of potential buyers who would purchase a home without stepping foot in it.
Read More »Purchase Applications Rise 5%
One analyst said “pent-up demand” is leading homebuyers back into the market. Click through to lead more.
Read More »HECM Endorsements Surge in May
The month-over-month increase is more than 200% than April numbers, and is the best month recorded in over two years.
Read More »Mortgage Market Off to Worst Start Since 2013
This is despite the Federal Reserve injecting $688 billion into the market in March to offset the impact of COVID-19.
Read More »Are Home Prices Heading For a Decline?
While values have increased annually every month since February 2012, a new projection says that could change over the next year.
Read More »Mortgage Rates Expected to Remain Low
The latest reading found the average 30-year fixed-rate mortgage is the second-lowest recorded in the history of the NerdWallet survey.
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