...changes, and more, rose to 44% and 34%, respectively, in Washington and California NAR’s survey—conducted March 9-10—discussed the coronavirus and how it has impacted buyers and seller interest and behavior....
Read More »Search Results for: coronavirus
Mortgage Impact Takes Center Stage of Biden, Sanders Debate
...the spread of the virus. Both candidates focused on how the Coronavirus was impacting the national debate, with Sanders calling for a national reform to healthcare Biden's and Sanders' remarks...
Read More »COVID-19 Update: HUD Suspends Face-to-Face Requirements
...FHA outlines loss-mitigation options available to borrowers who may be negatively impacted by the coronavirus, stating: As with any other event that negatively impacts a borrower’s ability to pay their...
Read More »President Donald Trump Declares National Emergency Over COVID-19
...He added that the U.S. has made “tremendous progress” as it combats the coronavirus. Trump imposed a 30-day travel ban on foreign nationals from Europe entering the U.S. on Wednesday....
Read More »Coalition of Mortgage Leaders Join Together for COVID-19 Response
...may be impacted by the coronavirus, last week Fannie Mae and Freddie Mac reminded mortgage servicers that hardship forbearance is an option for borrowers who are unable to make their...
Read More »Fed Slashes Interest Rates to Zero
...coronavirus. The benchmark interest rate is now in a range of 0% to 0.25%, which is down from a range of 1% to 1.25%. The Fed also announced it is...
Read More »Impact of Coronavirus on Reverse Mortgage Industry
...the reverse mortgage space feel prepared to handle precautions, according to John Luddy, SVP, Reverse Mortgage Lending, Norcom Mortgage, Avon, Connecticut. “[Coronavirus] certainly hasn’t [affected me] yet,” Luddy says in...
Read More »Meeting Borrower Needs in Coronavirus Outbreak
...impacted by the coronavirus, last week Fannie Mae and Freddie Mac reminded mortgage servicers that hardship forbearance is an option for borrowers who are unable to make their monthly mortgage...
Read More »51% of Lenders Expect Profits to Increase
...anticipate similar rate dynamics this time, depending on the path of the underlying Treasury rate,” Duncan said. “Although uncertainty around coronavirus may have a dampening effect on housing market sentiment,...
Read More »Purchasing Power Rises for Homeowners
...fallen from $2,500 in 2019 to $2,250. “Potential homebuyers now have an extra incentive to buy a home despite all of the economic uncertainty from the coronavirus,” said Redfin Chief...
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