...average rates for older millennials fell monthly to 3.85% from 3.95%. “Economic impacts due to coronavirus (COVID-19) played a role in lowering interest rates in February and millennial homeowners were...
Read More »Search Results for: coronavirus
Eyeing the Potential Housing Bubble
...Analyst Jesse Colombo on Forbes, the coronavirus pandemic may act like a “pin” to burst the housing bubble that has been brewing over the past several months. “As in the...
Read More »Home Prices Appreciating Faster
...the impact from the coronavirus outbreak fades,” said Mark Fleming, Chief Economist at First American. “In fact, it’s important to remember that the housing market has traditionally aided the economy...
Read More »Pending Home Sales Rise Prior to COVID-19
...anything but normal for the housing market,” said Danielle Hale, Chief Economist at Realtor.com. The February numbers reveal a market that was “very healthy prior to the coronavirus-induced shutdown,” said...
Read More »Ginnie Mae Aiding with Liquidity Issues Due to COVID-19
...President and CEO Bob Broeksmit commends the announcement by Ginnie Mae and said it would allow many servicers the ability to help consumers impacted by coronavirus through mortgage payment forbearance....
Read More »GSEs Announce Payment Deferral Requirements
...by the coronavirus. This forbearance would permit a mortgage payment to be suspended for up to 12 months due to hardship considerations. Additionally, suspension of foreclosures and evictions for mortgages...
Read More »Homeowners Worried About Loans
According to Johns Hopkins’ Coronavirus Resource Center, 353,692 cases of Coronavirus around the world and 15,430 deaths have been reported so far, leading many Americans to worry about their finances....
Read More »Bank of America Issues Recession Update
...already be entering a recession because of the coronavirus pandemic. "While economic data for March is just starting to be released, the severity of the blow from the coronavirus leads...
Read More »Fed to Purchase MBS ‘In the Amounts Needed’
...in a statement. “We are committed to providing relief for American workers and businesses, particularly small and medium-sized businesses and critical industries that are most impacted by the coronavirus. We...
Read More »GSEs, FHFA Announce Additional Measures to Help Homeowners
As the coronavirus pandemic continues to affect homeowners nationwide, regulators are making changes to keep Americans in their homes. This week, Fannie Mae and Freddie Mac announced numerous actions to...
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