Freddie Mac warns of mortgage aid scammers



Scammers are reportedly targeting homeowners with fake offers of financial aid at a time when many are struggling to pay their mortgages due to the coronavirus outbreak. In one example, Freddie Mac last week warned of a new scam that saw borrowers receive fake calls impersonating the mortgage giant, offering low interest rates and other […]

Growing demand for private, isolated homes



Rental homes in the high-end Hamptons neighborhood is in high demand as the rich and famous look to flee the coronavirus outbreak in New York. Landlords with rentals in the Hamptons say they’re seeing increased demand for homes from a large number of clients, who’re willing to pay whatever it takes. Brick Underground reported that […]

Fannie & Freddie’s new mortgage payment deferral plan



Fannie Mae and Freddie Mac have announced a new payment deferral option for homeowners who’re struggling to meet their mortgage repayments. The new option is available regardless of if homeowners are struggling to pay due to the coronavirus outbreak, HousingWire reported. The new option would enable homeowners to defer payments for up to two months, […]

Could vacant malls be used to house coronavirus patients?



What with the number of COVID-19 cases in the U.S. continuing to grow, medical professionals have voiced concerns that the nation could soon run out of hospital beds. And there are questions on how to quarantine patients so they don’t infect others too. Brandon Hardin, a research economist with the National Association of Realtors, has […]

Fannie Mae & Freddie Mac ease mortgage requirements



Fannie Mae and Freddie Mac have been told by the Federal Housing Finance Agency to come up with alternatives to appraisal requirements and employment verification on loans they service through May 17, in response to the COVID-19 shutdown. “To allow for homes to be bought, sold, and refinanced as our nation deals with the challenges […]

The U.S. shuts down, but home selling goes on



Even as COVID-19 forces mass closures across the United States, home selling is still happening. That’s according to Redfin, which says real estate professionals have quickly adapted to working from home. Redfin said it saw a 494% increase in requests for agent-led video tours last week, following an 80% increase the week before. Most of […]

Report: iBuyers shut up shop as coronavirus fight continues



Some of America’s biggest iBuyers – or companies that make instant cash offers on people’s homes – are said to be suspending their services due to the coronavirus outbreak. The companies include Opendoor, the largest iBuyer in the U.S., as well as the iBuying businesses of brokerages such as Redfin and Realogy. Realogy said it […]

NAR: Strong home sales in Feb give cause for optimism



Although the U.S. is gripped by the cornonavirus outbreak, there was some good news for the real estate industry as existing home sales performed better than expected, with three out of four regions showing an increase in sales, according to National Association of Realtors’ data. The NAR said total existing home sales, which includes single-family, […]

How to keep your gadgets clean from the coronavirus



Your smartphone, your laptop, and even your car could all potentially be carrying germs from the coronavirus. As such, it’s important for us to regularly disinfect any areas that are frequently touched in order to avoid spreading the virus. For real estate professionals that means paying careful attention, not just to our gadgets but other […]

Trump announces moratorium on foreclosures due to coronavirus



U.S. President Donald Trump announced Wednesday a full moratorium on foreclosures for homeowners with mortgages backed by Fannie Mae, Freddie Mac and the Federal Housing Administration. The Department of Housing and Urban Development has also provided help, saying it will suspend all evictions of public housing residents. It’s said that FHA loans and public housing […]