FHFA extends aid to landlords and renters



As federal protections for landlords near their expiration date, the Federal Housing Finance Agency is offering additional help due to the ongoing COVID-19 pandemic. On Monday the FHFA said that multifamily property owners who’re currently in forbearance will be able to request an extension of their payment suspension for an extra three months, which means […]

Coronavirus-linked mortgage bailouts decline again



The number of homeowners who need mortgage relief has fallen for the third consecutive week in what experts say is a promising sign of the real estate market’s long-term health. As of June, 4.6 million homeowners were in forbearance, which is about 8.7% of all active mortgages, according to data from Black Knight, a mortgage […]

Survey: Most home buyers still don’t understand their mortgage terms



Mortgage documentation is too cumbersome for far too many homeowners, according to a survey carried out by the home remodeling website Porch.com. The survey of almost 1,000 recent home buyers found that more than 75% said they didn’t completely understand the terms of their mortgage. Moreover, some 30% admitted to reading none or only some […]

Consumers more eager to buy homes, despite COVID-19



Home buyers aren’t being scared off by the COVID-19 pandemic. On the contrary, 53% of those quizzed in a recent survey by LendingTree said they’re more likely to buy a home in the next year because of the coronavirus outbreak. The most eager to buy appear to be first-time buyers and millennials, the survey found. […]

Bad Credit Loans: How to Get a Mortgage With Terrible Credit



Tips For Getting a Mortgage With Bad Credit Are you interested in buying a home for the first time but don’t have the best credit? Anyone can find themselves in a bad financial situation. Whether this is through their own mistakes or from a situation out of their control, it can lead to credit difficulties. […]

Zombie foreclosures decline during COVID-19



The COVID-19 pandemic has not set off a wave of foreclosures, in large part because the government has put moratoriums on foreclosures and banks are offering mortgage forbearance options for homeowners who have lost their jobs. “Zombie foreclosures”—homes that sit vacant—are actually down 3.1% from the first quarter of 2020, ATTOM Data Solutions reports. Further, […]

FHFA extends moratorium on foreclosures and evictions



The moratorium on foreclosures and evictions for Fannie Mae and Freddie Mac-sponsored mortgages has been extended until at least June 30, according to the Federal Housing Finance Agency. The FHFA said the moratorium, originally set to expire May 17, has been extended as the U.S. continues to suffer from the economic consequences of the COVID-19 […]

Fannie Mae & Freddie Mac to allow post-forbearance payments



Mortgage servicers Fannie Mae and Freddie Mac have said in a joint announcement that homeowners in forbearance will be able to request deferrals on their payments, and add any missed payments onto the end of their loan term without any penalty or additional interest. Forbearance simply gives homeowners who’re struggling to pay their mortgages a […]

Ways to Pay Off Your Mortgage Faster



There are several ways you can pay your mortgage off faster and save thousands if not tens of thousands of dollars in interest payments. None of these methods requires that you pay a third party to do it for you. It’s simple to do it yourself without the cost of paying someone or risk being […]

6 Crazy Good Reasons to Refinance a Mortgage



How and Why You Should Refinance Your Mortgage? Have you ever wondered what the reasons why so many people refinance their mortgage? Maybe you have heard friends and relatives discussing it and weren’t exactly sure? There are a few excellent reasons to get a new mortgage. Refinancing can reduce your monthly payments through lower interest […]